84 Megalong Cres, Harrison ACT 2914
84 Megalong Cres, Harrison ACT 2914
5-bed family footprint | rare size for Harrison | north-facing living | mid-2000s build | EER 3.5
This house stands out in Harrison because of its uncommon five-bedroom, 211 m² configuration on a 475 m² block—a layout that suits larger families or those wanting a dedicated study, guest room, or multi-generational setup. The north-facing pergola and living areas capture good natural light, while the three separate living zones and upstairs retreat offer practical separation for busy households. Built in the mid-2000s, it delivers solid family functionality with granite benchtops, gas cooking, and an ensuite spa bath in the main bedroom, though finishes reflect that era rather than recent renovation. The property serves owner-occupiers seeking space and school proximity over investors or downsizers, and its size gives it a competitive edge in a suburb where four-bedroom homes are more typical.
The EER of 3.5 may mean higher heating and cooling costs compared to newer stock, so budget for potential insulation or window upgrades. The build age suggests some systems, like the electric oven or ducted rangehood, might need attention sooner rather than later. The 475 m² block offers moderate outdoor space, but building coverage at 44% leaves room for landscaping or minor extensions, subject to planning rules. Rental demand appears strong for this size, with potential yields around 4–4.5%, but sale price will hinge on how buyers weigh the dated energy rating against the rare bedroom count and north-facing layout.
|| Comparable Sales: 10 Megalong Cres, 4-bed, 157 m², sold near $1.02M | Property Price Band: $1.0M–$1.1M | Value Drivers: five-bedroom rarity, north-facing outdoor area, family-ready condition
Detailed Independent Property Report prepared by PropCred Analyst team for 84 Megalong Cres, Harrison ACT 2914
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
The suburb’s house median sits at $995,000–$1,042,500, with unit median at $510,000. Annual house growth ranges from -4.33% to 2.21%, while units fell 4.85%. Sales volume for houses is 86–92, with median days on market of 41. The price gap between houses and units indicates demand is concentrated in the detached segment. The negative unit growth and mixed house growth are the key constraints, pointing to rate sensitivity and a lack of consistent momentum. Future growth will depend on whether house demand sustains given the mixed recent trend. The sales and turnover data do not suggest an over-supplied or distressed market.
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PropCred Estimated Value
Comparable Sales: 10 Megalong Cres, 4-bed, 157 m², sold near $1.02M | Property Price Band: $1.0M–$1.1M | Value Drivers: five-bedroom rarity, north-facing outdoor area, family-ready condition
Bedrooms
5
Bathroom
2
Parking
2
Land
475m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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