98/15 John Cleland Cres, Florey ACT 2615
98/15 John Cleland Cres, Florey ACT 2615
Ground-floor convenience | 2-bed compact footprint | Resort-style complex amenities | Mid-1990s build | Strong EER for age
This townhouse offers a rare combination of single-level accessibility and genuine lifestyle amenity, with the pool, tennis court, and gym creating a resort-like everyday environment that most comparable stock in Florey cannot match. The step-free entry and two private courtyards make it particularly suited to downsizers seeking low-maintenance living, as well as first-home buyers and investors attracted to the established estate setting and strong transport links to Belconnen and the University of Canberra. The updated kitchen and built-in robes lift it above tired counterparts, while the ground-floor position adds practical appeal that typically commands attention in this market.
The body corporate fees are a meaningful consideration, running at roughly $866 per quarter, though water is included, which softens the impact. The compact 2-bed, 1-bath layout places this unit at the smaller end of the complex, which may limit its appeal to families but sharpens its attractiveness to couples and renters. The EER of 6 is respectable for a 1994 build and supports ongoing cost efficiency. The shared-title structure and estate-style land arrangement may influence financing or future resale, so buyers should weigh those factors alongside the property’s clear lifestyle strengths.
|| Comparable Sales: 18/15 John Cleland Crescent sold $583,500; 74/15 John Cleland Crescent estimated $550,000 | Property Price Band: $500K–$600K | Value Drivers: Ground-floor layout, updated kitchen, complex amenities and transport access
Detailed Independent Property Report prepared by PropCred Analyst team for 98/15 John Cleland Cres, Florey ACT 2615
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Florey, in Canberra’s Belconnen District, presents a tightly held market: 48-51 house sales over the year to October 2025, with only three rentals and zero listings last month. Median house prices hover between $927,500 and $935,000, with annual growth of 1.6% to 4.1% across sources; units sit at $658,500, growing 4.85%. Houses sell in a median 42 days. Recent transactions span $650,000 to $1,550,000 for 3-6 bedroom properties, indicating demand from owner-occupiers and investors drawn to stable, family-oriented housing. Weekly rents for four-bedroom houses reach $750, five-plus bedrooms $800, while a unit median rent is $530. Future growth leans on limited supply and steady absorption, but affordability pressures are emerging: median prices near $1 million, and vehicle-dependent transport with no detailed public infrastructure pipeline adds constraint.
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PropCred Estimated Value
Comparable Sales: 18/15 John Cleland Crescent sold $583,500; 74/15 John Cleland Crescent estimated $550,000 | Property Price Band: $500K–$600K | Value Drivers: Ground-floor layout, updated kitchen, complex amenities and transport access
Bedrooms
2
Bathroom
1
Parking
1
Land
4.29 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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