2 bed, 2 bath, 2 car | 87m² internal area | Strata complex | Franklin school catchment | No overlays
This unit presents a competitively sized two-bedroom offering with a dual-car arrangement, a configuration that commands persistent demand from small families and professionals within the Gungahlin corridor. Its position within the Franklin school priority area directly targets a key buyer segment, while the absence of environmental overlays simplifies due diligence. The internal area is materially larger than recent comparable sales in the complex, offering a tangible space advantage in a market where square metreage directly correlates to value.
The primary decision hinges on reconciling the 2017 purchase price against current market expectations, as the strata context and building age circa 2010 place it in a mature phase of its depreciation curve. The opportunity lies in acquiring a well-configured unit in an established, amenity-rich location, but the cost is inherent strata governance and potential for capital growth to mirror the broader complex rather than outpace it. This property is best held as a long-term rental positioned for yield, not as a short-term value-play.
Recent comparable sale within the same complex provides a direct benchmark:
– Unit 91/329: Sold December 2025 for $490,000. This unit was smaller at 68m² but shared the 2 bed, 2 bath, 2 car configuration.
The sale demonstrates clear price growth for the complex since 2017 and establishes a value floor. The subject property’s larger 87m² size should command a premium against this comparable, supporting a valuation comfortably above that sale price.