17/39 Braybrooke Street, Bruce ACT 2617

17/39 Braybrooke Street, Bruce ACT 2617
17/39 Braybrooke Street, Bruce ACT 2617 is a 1-bedroom, 1-bathroom, 1-car unit/apartment sold in 2024 for $410,000; the reported unit floor area is 72 m², and the site/strata holding at 39 Braybrooke Street is reported as 3,161 m². The property was listed for sale as an apartment/unit in Bruce. 1 bed at 72m² | courtyard and double glazing | sold $410k in 2024 | Bruce near Belconnen | newer build with amenities The most competitive feature of this unit is its 72 m² floor area, which is notably spacious for a one-bedroom apartment and provides a liveable layout that exceeds typical compact investor stock. The inclusion of double-glazed windows and a private courtyard further distinguishes it, offering an indoor-outdoor connection that is uncommon in this segment. Located in a mid-rise development in Bruce, the property benefits from proximity to Belconnen CBD and institutional precincts, making it well-suited for first-home buyers, downsizers, or professionals seeking low-maintenance living without sacrificing space. The building’s amenities, such as parcel lockers and an entertainment space, add convenience that supports both owner-occupier appeal and rental demand. The sale price of $410,000 in 2024 provides a clear recent benchmark, but value may be influenced by the unit’s floor level and aspect, which are not confirmed from available information. A ground-floor courtyard might offer privacy trade-offs compared to upper levels, while a higher floor could command a premium for views and light. Ongoing rental demand in the complex is positive, though a yield calculation is not possible without a confirmed rent amount. The broader site’s 3,161 m² land holding is irrelevant to this unit’s value, as it is strata-titled. School catchment certainty is not established, which may be a consideration for family-oriented buyers and could narrow the pool.
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/39 Braybrooke Street, Bruce ACT 2617
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Bruce is a well-located Canberra suburb, popular with professional households and childless couples, offering strong transport links and proximity to major employment and education hubs. Demand is currently driven by investors targeting units for their relative affordability and solid rental yields, while house demand is more subdued. Recent price trends have been soft across both segments, with units facing particular pressure. Future growth relies on sustained rental demand from the university and professional workforce, though the market remains sensitive to interest rates and faces affordability constraints at the higher end.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

3161m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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