409/59 Constitution Avenue, Campbell ACT 2612

409/59 Constitution Avenue, Campbell ACT 2612
2 bed, 2 bath, 2 car in Campbell | Flat on 2382mยฒ lot | EER 6 | Listed under 24 hours This unit sits on a large 2382mยฒ lot, which is uncommon for a flat in Campbell and gives the building a stronger land-to-building ratio than most comparables. The two-car parking is a genuine edge for owner-occupiers or tenants in this part of the inner north, where single spaces are the norm. With an EER of 6 and a median unit price of $680,000 in the suburb, the property is positioned near market value for a well-configured two-bedroom floorplan. It serves best for a downsizer or professional couple who want proximity to schools, the city fringe, and a building with reasonable energy performance and solid parking. The key risk is the limited days on market-less than one day-which suggests either aggressive pricing or a seller testing demand before a price adjustment. The 20% auction clearance rate in Campbell indicates softer buyer appetite for units, so patience may reward. The 2018 purchase date implies the seller has held through a modest growth cycle, meaning there is no forced sale pressure yet. Opportunity lies in negotiating below the estimated $720,000 midpoint, particularly if the property lingers past 30 days. Hold this as a long-term rental or owner-occupied base; capital growth will be moderate but steady given the land component and location.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 409/59 Constitution Avenue, Campbell ACT 2612
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Market Insight:

Campbell is a sought-after inner-north suburb, characterised by its proximity to the CBD and a demographic of young professionals and managers. Demand is driven by this cohort, including a significant portion of childless couples and renters, seeking urban connectivity. The market has experienced price sensitivity with recent declines, reflecting broader affordability constraints. Future interest is underpinned by its established location and quality amenities, though high entry prices and supply dynamics present ongoing considerations.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

2382mยฒ

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