74/15 John Cleland Cres, Florey ACT 2615
74/15 John Cleland Cres, Florey ACT 2615
2 bed / 2 bath / 1 car | 91 m² plus 22 m² balconies | Beechwood complex, 1994 build | 5.5-star energy rating | Strata $976 p/q
The two-bathroom layout is the sharpest edge here, as most comparable two-bedroom units in this complex offer only one bathroom. That extra bath, combined with 91 m² of internal space and 22 m² of balcony, makes this dwelling feel closer to a townhouse than a standard apartment, and it should hold stronger appeal for downsizers, couples, or investors targeting tenants who want more than entry-level unit comfort. The 5.5-star energy rating also stands out for a 1994 build, reducing ongoing utility costs and making the unit more attractive to cost-conscious buyers. Within Florey’s established strata stock, this configuration sits above the common 2/1/1 format and below the larger 3-bedroom townhouses, so it occupies a practical middle ground: more usable than a basic unit, less expensive than a family-sized dwelling. It suits buyers who value low-maintenance living with genuine outdoor space, and the Beechwood complex’s reputation for being well-maintained and close to Belconnen amenities supports steady demand.
Strata costs of $976 per quarter are significant for a two-bedroom unit, and this may weigh on the price relative to older complexes with lower fees. The 22 m² balcony is generous, but its aspect and floor level are not disclosed, which could affect how much natural light and privacy it actually delivers. The property’s value may also be shaped by the condition of shared infrastructure within the 137-unit complex, as any upcoming capital works could translate into special levies. Buyers should weigh the energy rating and extra bathroom as genuine offsets to these ongoing costs, and consider whether the larger outdoor space compensates for the higher body corporate fees compared to simpler units nearby.
|| Comparable Sales: 98/15 John Cleland Crescent sold at $599,000 (2 bed, 87 m², 1994) | Property Price Band: $480,000–$580,000 | Value Drivers: extra bathroom, balcony size, energy rating, strata cost
Detailed Independent Property Report prepared by PropCred Analyst team for 74/15 John Cleland Cres, Florey ACT 2615
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 98/15 John Cleland Crescent sold at $599,000 (2 bed, 87 m², 1994) | Property Price Band: $480,000–$580,000 | Value Drivers: extra bathroom, balcony size, energy rating, strata cost
Bedrooms
2
Bathroom
2
Parking
1
Land
4.29 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!