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ACT › Coombs › Terry Connolly St

508/2 Terry Connolly St, Coombs ACT 2611

For saleApartment

$670,000

For sale

Asking

3

Bedrooms

2

Bathrooms

3

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $670,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $670,000(Listing record · 2 Apr 2024)
  • CalculationAsk is 15% below the Coombs median recorded sale ($785,000, n=13, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Coombs's advertised median rent ($480/wk), implied gross yield would be 3.73% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

The ask against the evidence

Asking

$670,000

Asking

No recorded sale for this property.

Coombs at a glance

6,817

People

$785,000

Median sale

$480/wk

Median rent

3.18%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Coombs report →

Vs Coombs

-14.6%

Median sale

Suburb $785,000

+0.55 pp

Gross yield

Suburb 3.18%

Suburb median $785,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$670,000
Stamp Duty (Australian Capital Territory)
$18,744
Transfer/Registration Fee
$496
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$692,940

$22,940 on top of the price (3.4% extra)

  • Stamp Duty (Australian Capital Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Australian Capital Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Coombs's advertised median rent — not a rent for this listing.

Net yield
2.23%
Annual cashflow (pre-tax)
$-19,930
Interest cover (DSCR)
0.43
Annual rent
$24,960
Operating expenses
$10,050
Loan amount
$536,000
Annual interest
$34,840
Gross yield
3.73%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$670,000available2 Apr 2024

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 $480/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

Gross yield if leased at the suburb aggregate is 3.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Coombs in one glance

Coombs at a glance

6,817

People

$785,000

Median sale

$480/wk

Median rent

3.18%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Coombs report →

Keep researching

  • Why Coombs? Read the area thesis →
  • What else is on the market in Coombs →
  • Other records on Terry Connolly St →

Listing material

Listed by MARQ Property

Curvature. Quality. Convenience

Boasting outstanding finishes, interesting curves, a wonderful view & generous living spaces is this fantastic Molonglo Valley lifestyle apartment. The generous open plan living and dining area receives plenty of natural light through large, double-glazed windows; situated on the South-East corner with striking floor to ceiling windows in the master suite. Molonglo Falls is arguably the suburbs most esteemed building, positioned around a central, towering water feature providing a beautiful ambiance and feel on entry, along with many more exclusive amenities for the residents. Be the ultimate host with three private resident lounges available for booking to entertain groups of up to 20 around a kitchen & bar. Enjoy a lifestyle on the doorstep to the best of Canberra's nature playgrounds with a variety of parks, trails & green spaces. Positioned near to the Wright shopping centre but also within minutes of the amenities on offer from the Woden Valley & Weston Creek town centres.

Open air corridors for great cross ventilation in the apartment and a formal gallery entrance

Kitchen complete with ample storage, bench space and modern appliances, featuring an oven with functions such as air fry, easy bake + steam & steam assist clean

Read the full description

Open plan kitchen and living area which embrace the wonderful views over the rolling hills

Premium master bedroom with striking floor-to-ceiling windows in both the bedroom and ensuite

Bedrooms 2, and 3 with built-in-robes and natural light

Stylish main bathroom with walk-in, frameless shower and wall hung vanity

Curved wrap around balcony with a glimpse of Black-mountain Tower and the Arboretum

European style laundry with the kitchen, one reverse cycle air conditioner for heating and cooling

Designed by the award-winning Cox Architecture and built by reputable Chase builders

Situated on level 5 one off the top, and on the same level as the building Club House perfect for entertaining guests

Secure basement parking with three car-spaces, all side-by-side and separate storage cage

Dual lift access to the building, security fob access, video intercom, and pet friendly

Body corporate fees: $1,080pq

Rental estimate: $750pw approx.

Living Size 97sqm

Exclusive amenities available to residents at Molonglo Falls:

- Central atrium with established plantings, and stunning water feature which provides the peaceful smell and sound of water crashing

- Outdoor Cinema, Rooftop Terrace with tables, lounges and BBQ's

- Rooftop Zen Garden

- Clubhouse located on level 5 with fully equipped kitchen, dining, bar fridge, TV, and surround sound system available to book

- Children's playground on the ground level

- Building manager concierge

- Parcel lockers for online deliveries

Location:

Adjacent to three parks and playgrounds

900m - Molonglo River Reserve

750m - Woolworths Wright

2.0km - Future Anglican Private School

2.6km - Stromlo Leisure Centre

2.4km - Stromlo Forrest Park

7 minute drive - Weston Creek Shopping Centre

10 minute drive - Westfield Woden

12 minute drive - Canberra Hospital

13 minute drive - Belconnen Fresh Food Markets

14 minute drive - City Walk

Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.

Listing description written by Sam Taylor, MARQ Property — 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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