312/1 Holborow Avenue, Denman Prospect ACT 2611
312/1 Holborow Avenue, Denman Prospect ACT 2611
Compact 1-bed-plus-study apartment | Newer build, premium finishes | Resort-style amenities | Strong commuter and WFH appeal | Secure parking with storage
This unit sits in a newer, amenity-rich apartment development that stands apart from much of the older housing stock in Denman Prospect. The layout—one bedroom with built-in robe plus a separate study or second bedroom—offers flexibility that many compact apartments lack, making it genuinely useful for a single professional, a couple, or someone who works from home. The open-plan living area, balcony access from both the bedroom and living space, and kitchen with stone benchtops and induction cooking point to a specification level that feels current and considered. Shared facilities like the pool, rooftop pavilion, and on-site working hub add everyday convenience that would be costly to replicate in a standalone house. For a buyer seeking low-maintenance, lock-and-leave living in a walkable, newer suburb with shops, schools, and recreation close by, this unit is well positioned. It suits first-home buyers, downsizers, or investors targeting the professional renter market. The building’s secure parking with storage is a practical plus that supports both owner-occupier and rental appeal.
The recorded 2022 sale price of $540,000 provides a useful reference point, though market conditions have shifted since then. The unit’s compact format means its value will track closely with comparable one-bedroom-plus-study apartments in the same development rather than with larger townhouses on the street. The embedded network for electricity, hot water, and internet may affect ongoing costs and should be reviewed carefully, as it differs from standard utility arrangements. Insulation exemption and pet-approval requirements are worth confirming, as they could influence livability and tenant demand. The lack of confirmed aspect or floor level for this specific unit means orientation and outlook remain unknowns that could impact light, privacy, and perceived value. Buyers should weigh these factors when forming a view on price, but nothing in the available evidence suggests a material defect or unusual risk.
|| Comparable Sales: 312/1 Holborow Avenue sold for $540,000 in 2022; similar one-bedroom units in the development lease around $520 per week | Property Price Band: $500,000–$600,000 | Value Drivers: modern finishes, flexible layout with study, secure parking and shared amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 312/1 Holborow Avenue, Denman Prospect ACT 2611
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Denman Prospect is positioned as a young, high-income Canberra suburb: buyers aged 30–39 dominate, household incomes sit 35.7% above the ACT average, and 91% of owners hold mortgages. Reported house prices vary—$1.09M, $965K, $1.3M—but 10.1% annual growth and 76 median days on market confirm solid detached demand. Units are stronger still: 16.22% growth, 42 days on market, and a 5.18% gross yield, with median rents of $930 for houses and $620 for units. Canberra-wide, entry-level houses have climbed 47.7% in five years, and KPMG expects supply to undershoot by roughly 30%, supporting future growth. However, tight borrowing capacity and affordability constraints will likely temper price gains.
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PropCred Estimated Value
Comparable Sales: 312/1 Holborow Avenue sold for $540,000 in 2022; similar one-bedroom units in the development lease around $520 per week | Property Price Band: $500,000–$600,000 | Value Drivers: modern finishes, flexible layout with study, secure parking and shared amenities
Bedrooms
2
Bathroom
1
Parking
1
Land
1.77 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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