42 Manning Clark Cres, Franklin ACT 2913
42 Manning Clark Cres, Franklin ACT 2913
3-bed townhouse | 2-bath | mid-$700s price point | light-rail proximity | compact footprint trade-off
This townhouse sits in a well-established Franklin pocket where attached housing is the norm, giving it a practical edge for buyers who want modern living without the maintenance load of a detached house. The three-bedroom, two-bathroom configuration is the most sought-after format in this corridor, appealing strongly to young families and professionals who value the short walk to light rail and everyday retail. Its price position places it above entry-level units but below detached houses in the suburb, which means it competes directly with other newer townhouse stock that offers similar convenience. The property likely benefits from a contemporary build standard, with open-plan living and private outdoor space typical of this product type, making it a sensible choice for owner-occupiers seeking a low-maintenance base with solid rental appeal if circumstances change.
Value may be influenced by the exact internal finish and the quality of outdoor space, as these vary noticeably across similar townhouses in the area. The limited land component is a real constraint, so the property’s worth will hinge on how well the layout uses its footprint and whether parking is secure and convenient. Orientation and natural light could also shape buyer perception, as north-facing living areas tend to command a modest premium in Canberra’s climate. The light-rail link and nearby shops are durable advantages that should support resale demand, but the absence of a standout feature like a large courtyard or premium fixtures might keep price growth in line with the suburb rather than ahead of it.
|| Comparable Sales: 31/1 Christina Stead St sold $775k; 18/56 Christina Stead St listed $775k | Property Price Band: $750k–$850k | Value Drivers: internal condition, parking arrangement, orientation and natural light
Detailed Independent Property Report prepared by PropCred Analyst team for 42 Manning Clark Cres, Franklin ACT 2913
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Franklin in the ACT’s Gungahlin district is anchored by strong commuter links via major roads and light rail extensions, with bus services supporting access to the city. Demand is driven by families and government-sector professionals, while investors target units for rental returns; oversize house purchases are led by upgraders. House prices have risen 13.92% annually to a $1,105,000 median with 48 days on market, indicating tight conditions and limited supply. Units, however, have fallen 3.92% to a $490,000 median. Gross yields favour units at 5.97% versus houses at 3.86%, with weekly rents of $570 and $675 respectively. Future growth is supported by Gungahlin population growth and high-performing school catchments with above-average NAPLAN results. Key constraints include high house prices relative to first-home buyer capacity, interest-rate sensitivity, and restricted new supply.
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PropCred Estimated Value
Comparable Sales: 31/1 Christina Stead St sold $775k; 18/56 Christina Stead St listed $775k | Property Price Band: $750k–$850k | Value Drivers: internal condition, parking arrangement, orientation and natural light
Bedrooms
3
Bathroom
2
Parking
2
Land
239m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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