70 Chauncy Cres, Richardson ACT 2905
70 Chauncy Cres, Richardson ACT 2905
Large 1980s single-level block | family-oriented street | tight rental demand | dated but functional finishes | strong land value
A rare combination of substantial land area and single-level living is offered by this property, a layout that is increasingly sought after. The solid 1980s construction is practical and straightforward, leaving clear scope for cosmetic updates or a more extensive renovation. Its position on a quiet crescent supports a family-oriented lifestyle, with local schools and parkland within easy reach. Strong rental demand in the area makes the property attractive to owner-occupiers who value optionality, as well as to investors seeking reliable tenants. The configuration best serves a buyer who prioritises outdoor space and a flexible floor plan over turn-key condition, and who recognises that value can be added through modernisation.
The property’s value may be influenced most directly by its internal condition, which could range from dated to partially updated. A larger than typical block size might support future extensions or a dual-occupancy proposal, subject to planning. The single-level layout may appeal strongly to downsizers or those with mobility needs, while the lack of modern finishes might cap the price until improvements are made. Market demand from investors could also maintain a price floor, given the tight rental environment. Buyers should weigh the cost of updates against the property’s inherent land advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 70 Chauncy Cres, Richardson ACT 2905
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Richardson, in the ACT’s 2905 postcode, holds a median house price of $780,000 (Allhomes, 2025), with an average advertised days on market of just three. That unusually short listing period points to exceptionally tight supply and rapid turnover, though the figure may reflect a single listing rather than a suburb-wide trend. Buyer competition is clearly intense, even if the specific demand drivers—such as buyer demographics or transport links—are not captured in available data. Price growth cannot be quantified directly, but the combination of a mid-to-high entry point and near-instant sales suggests sellers hold strong negotiating power. Future growth will hinge on broader Canberra market conditions and whether supply remains constrained. Key risk is that this ultra-low days-on-market statistic overstates liquidity; without rental yield, vacancy, or sales volume figures, a fuller assessment of market depth is not possible.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 62 Chauncy Cres sold $741,000; 2 Chauncy Cres sold $788,000 | Listed Price Band: $700K–$800K | Value Indicator: condition, land size, single-level layout
Bedrooms
3
Bathroom
1
Parking
6
Land
812m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!