101/17 Summerfield Close, Denman Prospect ACT 2611
101/17 Summerfield Close, Denman Prospect ACT 2611
2-bed mid-rise apartment | Boulevard complex, Denman Prospect | 7-level modern build | shared pool, café, co-working | bushfire overlay noted
This unit sits at the higher-amenity end of Denman Prospect’s apartment supply, with a mid-century modern design, floor-to-ceiling glazing, and a full suite of shared facilities including a pool, rooftop entertaining, and co-working spaces. The 402-residence, three-building complex is recently completed, so buyers get contemporary finishes and compliance without older-stock compromises. It suits downsizers, professional couples, or investors targeting the Molonglo corridor’s growing rental pool, where same-complex leases around $495–$530 per week show steady demand. The Evelyn Scott School catchment adds family appeal, while the village-style retail and services within walking distance reinforce daily convenience.
Value may be shaped by the bushfire management planning control on the site, which could influence insurance costs or future strata decisions. The exact car space and storage allocation for this unit is not confirmed, and units without secure parking typically trade softer. Floor level within the seven-storey building is unstated, so views, light, and noise exposure remain open questions. The 5.3 EER on comparable units supports energy efficiency, but the embedded network infrastructure might limit energy retailer choice.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/17 Summerfield Close, Denman Prospect ACT 2611
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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: 1-bed Boulevard loft sold near $462k; similar 2-bed unit valued around $500k | Property Price Band: $550k–$650k | Value Drivers: floor level, parking allocation, finish condition, amenity access
Bedrooms
2
Bathroom
2
Parking
2
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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