7/3 Heard Street, Mawson ACT 2607
7/3 Heard Street, Mawson ACT 2607
3-bed townhouse, Belmont complex, Mawson ACT | 1997 build, 172m² floor, 2-car garage | Ducted heating, evaporative cooling, solar panels | Strong rental yield potential, moderate land size
This townhouse in the Belmont complex offers a rare combination of practical liveability and solid rental fundamentals in a tightly held Mawson pocket. The 172m² floor plan with three bedrooms and two bathrooms is functional for a downsizer or investor, while the ducted heating, evaporative cooling, and solar panels reduce ongoing energy costs-a tangible edge for owner-occupiers and tenants alike. The 2-car garage and fully fenced courtyard add genuine utility, and the priority enrolment for Mawson Primary and Melrose High strengthens appeal for families. For a buyer seeking a low-maintenance holding with above-average rental confidence, this unit competes well against detached houses at double the price.
The key risk is the strata title and 1997 build age, which may limit capital growth compared to freestanding homes and could introduce special levies for common property upgrades. The lot size of 172m² is modest, so long-term appreciation will depend on location demand rather than land banking. However, the estimated weekly rent of $720 against a purchase price under $800,000 delivers a gross yield near 4.7%-strong for Canberra. The absence of bushfire, flood, or heritage overlays simplifies due diligence. For a buyer, hold this as a core rental performer or a comfortable owner-occupied base, and avoid overpaying beyond the $799,000 guide given the strata constraints.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/3 Heard Street, Mawson ACT 2607
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Mawson presents as a stable, established residential market with a premium price point, reflecting its high-income demographic. Demand appears steady, supported by consistent annual sales volume, though the moderate pace of price growth suggests a measured market. Recent sales activity indicates a balanced tempo, with properties transacting at a deliberate pace. Future performance will hinge on broader economic factors, given the suburb’s established nature and inherent sensitivity to interest rate movements.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
172m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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