245/44 Constitution Avenue, Parkes ACT 2600
245/44 Constitution Avenue, Parkes ACT 2600
5 bed | 278 m² | 4 car | EER 6 | The Griffin
This is a rare, genuinely large apartment in a suburb where most stock is one to three bedrooms. The five-bedroom, four-bathroom configuration with four car spaces delivers house-scale living in a prestige inner-Canberra location, backed by a strong energy rating and solar generation. It suits a buyer who wants the space and amenity of a detached home without the maintenance, or a downsizer seeking room for family visits and home office separation. The 2022 build quality and mid-rise format place it at the top end of the local apartment market, and its size makes it a standout in a precinct dominated by compact units. The buyer pool is narrower but more serious, drawn by the combination of parliamentary proximity and substantial floor plan.
The property’s unusual size may affect how it is valued, as comparable sales are scarce and standard apartment metrics do not apply cleanly. The floor level and aspect are not confirmed, which might influence light, views, and perceived privacy. Fit-out quality, including glazing, flooring, and appliances, may vary from unit to unit, so an inspection should confirm the finish standard. The four car spaces add tangible utility in a central location, and the EER 6 rating supports lower running costs. Buyers should weigh the premium for space against the strata fees typical of a large apartment, and consider how long it might take to resell given the narrower demand pool.
|| Comparable Sales: limited direct comps; nearby large apartments in similar prestige developments have transacted around $1.5M–$1.7M | Property Price Band: $1.5M–$1.6M | Value Drivers: 278 m² layout, five-bedroom rarity, four car spaces, EER 6 and solar, 2022 build quality
Detailed Independent Property Report prepared by PropCred Analyst team for 245/44 Constitution Avenue, Parkes ACT 2600
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Parkes ACT 2600 is a small inner-city enclave dominated by apartments. Demand is driven by the suburb’s resident cohort, with recent unit sales at $1.2m and $1.3m for two-bedroom stock. ACT-wide house values rose 3.6% annually to February, while units have outperformed recently amid affordability shifts. Structural supply shortages and elevated rents support values, with Canberra house price growth forecast at 5%. Constraints include affordability limiting borrowing capacity, prices still 4.46% below the 2022 peak, and higher borrowing costs expected to slow growth by 2027.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: limited direct comps; nearby large apartments in similar prestige developments have transacted around $1.5M–$1.7M | Property Price Band: $1.5M–$1.6M | Value Drivers: 278 m² layout, five-bedroom rarity, four car spaces, EER 6 and solar, 2022 build quality
Bedrooms
5
Bathroom
4
Parking
4
Land
346m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!