20 Spillett Street, Forde ACT 2914
20 Spillett Street, Forde ACT 2914
5 bedrooms | reserve outlook | premium builder-own fitout | family-focused | upper-tier Forde stock
This property stands apart from typical Forde housing through its combination of scale and specification. Five bedrooms with a downstairs guest suite, multiple living zones including a theatre and rumpus, plus a workshop garage, place it firmly at the premium end of the suburb’s detached housing market. The builder-own provenance signals attention to construction detail, while Gaggenau appliances, hydronic in-slab heating, and custom joinery elevate it beyond standard project builds. Buyers here are typically established families or executive households seeking long-term family accommodation with separation of spaces and a quiet, nature-adjacent setting. The reserve outlook and low-maintenance landscaping reinforce a lifestyle orientation that suits owner-occupiers prioritising amenity and privacy over rental yield.
The property’s value may be shaped by its position on a reserve-adjacent block, which typically commands a premium over internal street locations in Forde. The high-spec fitout, particularly the kitchen and bathrooms, may justify a price above comparable four-bedroom homes in the suburb, but the narrower buyer pool for a five-bedroom premium house might limit competitive bidding intensity. Market conditions in Forde’s upper tier appear driven by owner-occupier demand rather than investor activity, given high entry prices relative to achievable rents. Buyers should weigh the benefit of the workshop and extra bedroom against potential maintenance costs of hydronic heating and premium finishes.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Spillett Street, Forde ACT 2914
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Forde, in the ACT’s Gungahlin District, is a compact, higher-priced market. Median house values span $1.056m–$1.128m, but annual growth diverges sharply: Allhomes puts it at +7.4%, Property.com.au at -13.9%, with others between -7.75% and +3.7% – typical of low-volume turnover (53–60 house sales yearly). Units median $820,000, down 1.91%. Demand stems from scarce supply: vacancy is 0.97%, listings are below expected levels nationally, and recent sales ranged $895,000–$1,677,000 across 53 houses and 11 units. Houses rent at $765 weekly, a 3.48% gross yield. Time on market is 26–49 days. Stock rose 26.67% year-on-year, an emerging supply constraint. Local infrastructure is limited to Gungahlin streets and 2–4 car parking; school and demographic data are unavailable. Rate sensitivity and affordability are key risks.
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PropCred Estimated Value
Comparable Sales: 20 Helen Leonard Crescent sold $1.34M; 34 Phyllis Frost Street sold $1.20M | Property Price Band: $1.3M–$1.4M | Value Drivers: reserve outlook, five-bedroom layout, premium fitout condition
Bedrooms
5
Bathroom
3
Parking
3
Land
615m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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