14 Fristrom Cres, Lyneham ACT 2602
14 Fristrom Cres, Lyneham ACT 2602
Renovated 1987 house | 430m² block, 141m² living | EER 4 | Inner-north family demand | Owner-occupier focus
This is a compact, polished detached house in an established inner-north suburb, where the typical house commands a premium over units. The 1987 build has been thoughtfully modernised—pitched roof, raw brick, double glazing, matte black trim—giving it a contemporary edge while retaining suburban character. At 141m² of living on 430m², it suits professional couples, small families, or downsizers wanting a low-maintenance yard without sacrificing space. Its strength lies in the balance of renovated condition and detached format, which appeals strongly to owner-occupiers seeking proximity to schools and the city corridor, rather than yield-focused investors.
The property’s value may be shaped by its older construction vintage, which could involve maintenance beyond newer stock, and its smaller land size relative to many detached homes in the area. The EER 4 rating might prompt energy-efficiency considerations, though double glazing helps offset this. Buyer competition could come from families priced out of larger blocks, so presentation and the quality of the renovation will likely carry significant weight. The absence of confirmed bathroom count or car spaces means a physical inspection is essential to gauge how the layout meets practical needs.
|| Comparable Sales: 157/50 Ellenborough Street sold $1.435M (3-bed, 383m² block) | Property Price Band: $1.2M–$1.3M | Value Drivers: Renovation quality, land size relative to suburb, double-glazing and modern finishes
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Fristrom Cres, Lyneham ACT 2602
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Lyneham, on the Northbourne Avenue corridor in North Canberra, is close to the city centre and school catchments, drawing a mix of investors and owner-occupiers. Tight rental conditions (vacancy near 1%) and a high renter share drive demand; most owners hold mortgages. Unit yields around 5% outpace houses at 3.5%, attracting investors; a large share of single-person households supports smaller dwellings. Price momentum is mixed: median house values range from $965,000 to $1.2 million, with growth from -15.4% to +4.9%; units average $515,000 and slipped 2.8%. Turnover is thin: 39 houses and 82 units sold annually; houses sit 56 days on market. Near-term growth depends on rental demand and Northbourne Avenue connectivity, but low turnover, wide valuation spreads, and rate-sensitive mortgage exposure cap upside.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 157/50 Ellenborough Street sold $1.435M (3-bed, 383m² block) | Property Price Band: $1.2M–$1.3M | Value Drivers: Renovation quality, land size relative to suburb, double-glazing and modern finishes
Bedrooms
3
Bathroom
2
Parking
1
Land
430m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!