Case study: Narrabundah townhouse ticked all the boxes

Graham Pearce bought a Narrabundah townhouse off the plan back in 1999 with the full intention of living in it, but life had another path mapped out.

“It was more an economic and location decision at the time for my wife and I,” he says.

“We couldn’t afford a detached home, but really wanted to live inner South because of my work.”

Graham says the development on Leahy Street ticked all the boxes.

“It was the right price, the townhouse had three bedrooms, two bathrooms and a double garage,” he says.

“Another selling point was the views from our elevated position – it gets stunning vistas of the distant hills over the other buildings.”

Shortly after moving in, Graham found himself offered a new role overseas and the townhouse was rented out.

“While it was never the original intention, it’s been a great investment and has been very low maintenance,” he says.

“We had one tenant who stayed for around 10 years. It’s on the market now and all we had to do was freshen the paint and the carpets.”

Narrabundah, 20/34 Leahy Close. $650,000-plus. EER: 3.5. Agent: Andrew Lonsdale, Ray White Belconnen, 0428 486 692. Auction: Saturday, July 8, 10am. Inspect: Saturday, July 1, 12.15pm-1pm