2 Homes, 1 Property – Dual Income Ready
If you’ve been searching for a blue-chip property investment or a rare multi-generational living option – look no further.
Set on a 762 sqm block, this property offers two fully self-contained residences on one title – with vacant possession.

Property Snapshot
Primary Residence:
• 3 bedrooms, 2 bathroom
• EER of 2.5
• Spacious living zones

Secondary Residence – Built in 2021 by Canberra Granny Flat Builders, backed by a lifetime workmanship guarantee
• 2 bedrooms, 2 bathrooms
• EER of 5.5
• Fully adaptable luxury dwelling designed for accessibility, ageing-in-place, and disability-friendly living

Investment Highlights
Traditional Rental Potential – Around $75,000 per annum combined
Airbnb Upside – Up to $100,000 gross per annum, with Tuggeranong Valley being one of Canberra’s strongest short-stay markets due to high demand from government departments and limited supply
Depreciation Benefit – Around 35 years of depreciation remaining on the secondary residence, delivering approx. $6,000-$7,000 per year in non-cash deductions
Holding Costs – One set of rates and land tax (two homes, one block)
Vacant Possession – Move in, rent out, or Airbnb immediately

Comparative Sales:
• 8 Dawbin Place, Richardson – Dual occupancy property, sold December 2022 for $1,367,500
• 2 Halford Street, Page – Dual occupancy property, sold February 2023 for $1,410,000
• 19 Lyall Crescent, Kambah – Family home, sold February 2024 for $1,210,000
• 3 MacDermott Place, Kambah – Dual occupancy property, sold May 2022 for $1,525,000

These results highlight the consistent buyer demand for dual occupancy properties across Canberra, supporting strong value for 186 Ellerston Avenue, Isabella Plains.

Open Home Schedule
Open For Inspection by Appointment.