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ACT › Narrabundah › Gymea St

26 Gymea St, Narrabundah ACT 2604

House

$1,200,000

Last sold

8 Nov 2022

3

Bedrooms

2

Bathrooms

1

Car spaces

785 m²

Land

126 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,200,000 (8 Nov 2022).(Recorded sale)
  • CalculationLand 785 m² against a 126 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Narrabundah (last 5 years) with land size: median $2,162/m² of land (n=28). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$1,200,000

8 Nov 2022 · derived via latest_sale

Local land rate: recorded House sales in Narrabundah (last 5 years) with land size have a median of $2,162/m² of land (n=28). Districts calculation from recorded sales — not a valuation.

Narrabundah at a glance

7,191

People

$1,460,000

Median sale

$440/wk

Median rent

1.57%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Narrabundah report →

Vs Narrabundah

-17.8%

Median sale

Suburb $1,460,000

+0.34 pp

Gross yield

Suburb 1.57%

Suburb median $1,460,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,200,0008 Nov 2022
  2. Listedprice unknowncompleted18 Oct 2022

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $440/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Narrabundah in one glance

Narrabundah at a glance

7,191

People

$1,460,000

Median sale

$440/wk

Median rent

1.57%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Narrabundah report →

Keep researching

  • Why Narrabundah? Read the area thesis →
  • What else is on the market in Narrabundah →
  • Other records on Gymea St →

Listing material

Listed by Belle Property Canberra

SERENE LOOP-STREET LIVING

With a perfect north-to-the-rear aspect on an enviable tree-lined street, this centrally positioned home backs reserve and is surrounded by abundant green spaces and playgrounds, all within a 2-minute walk to Narrabundah shops and with close proximity of some of Canberra's best schooling, Fyshwick Markets and the vibrant Manuka and Kingston hubs. Polished floorboards bounce warming natural light through the open plan living/dining space, leading out to a large entertaining deck, and seamlessly connected to the well-appointed kitchen, including eat-at breakfast bar, induction cooktop and plenty of storage and garden outlook.

A 2016 addition to the home, the main suite is resort style in proportions, with high ceilings, garden outlooks, extensive built-in robes and enjoying a beautifully crafted ensuite complete with chic floor to ceiling tiling, floating timber vanity with twin sinks, and oversized shower, as well as an adjacent and convenient private study. The additional 2 bedrooms, both with built-in robes, are located at the other end of the home, adding a layer of privacy to the accommodation, and sharing the main bathroom, which includes a bathtub with shower over and good storage. A large northen deck to the rear of the home with access from both lounge and master suite with steps down to the large, level sunny garden. A single lock up garage and large garden shed, set amongst the well-established gardens of this large 785sqm parcel of Inner-South land.

* 3-bedroom, 2-bathroom, 1-car garage, and separate study

Read the full description

* Good sized open plan living, awash with northern light and sharing great connectivity to both kitchen and large outdoor deck

* Large sun-drenched kitchen with plenty of bench space, eat-at breakfast bar, abundant storage, and all-electric cooking

* Resort style main suite with large built-ins, soaring ceilings and large quality ensuite + 2 additional bedrooms, both with built in wardrobe, ceiling fans and split system air-conditioning

* Main bathroom with bath, shower over and good storage

* Reverse-cycle, split system air-conditioning and ceiling fans

* Polished wooden floors, fresh paint, and aluminium double-glazed windows

* 3.6kw solar system

* Single lock-up garage, large garden shed and good-sized internal laundry with backyard access

* Fully fenced private backyard with private access to nature reserve from rear.

* Additional storage in attic

* Only minutes from Narrabundah Early Childhood School and prime catchment to Narrabundah College, Canberra Grammar School, St Benedict's and Red Hill Primary

Rates: $4,134pa (approx.)

Land Tax: $6,978pa (approx. if rented out)

UCV: $830,000 (2022)

Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must rely on their own enquiries. This business is independently owned and operated by Belle Property Canberra. ABN 95 611 730 806 trading as Belle Property Canberra.

Listing description written by Bree Currall, Belle Property Canberra — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.