70/235 Flemington Road, Franklin ACT 2913
70/235 Flemington Road, Franklin ACT 2913
Two-car apartment | Light-rail corridor | Compact 67 m² | Modern 2017 build | Busy-road position
A two-bedroom unit with two secure car spaces is an uncommon configuration in modern apartment stock, giving this property a practical edge over single-car competitors. It is situated in a transit-oriented pocket of Franklin, within walking distance of light rail and daily services. The 2017-era build, EER 6, and FTTP connectivity are considered strong fundamentals. The compact 67 m² floorplan is efficient, though the single bathroom and shared strata arrangement reflect its apartment typology. This unit serves first-home buyers seeking low-maintenance living, downsizers who value parking, and investors targeting steady rental demand. Its position on a main corridor is offset by the convenience it provides, and the building’s contemporary finish is likely to appeal to those who prefer modern, lock-and-leave living.
The property’s value may be shaped by its exact floor level and outlook, as these influence natural light and privacy. Exposure to Flemington Road traffic might introduce noise, though modern glazing could mitigate it. The single-bathroom layout might be compared unfavourably to newer two-bathroom units, and the absence of private outdoor space may narrow buyer appeal. Strata fees are not confirmed, but they generally affect investment returns. These factors might place the unit at a modest discount to superior units within the same complex, while the two-car allocation should provide a measurable offset in perceived value.
Detailed Independent Property Report prepared by PropCred Analyst team for 70/235 Flemington Road, Franklin ACT 2913
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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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: 16/233-235 Flemington Road, sold $510,000 in Aug 2025 | Property Price Band: $400K-$500K | Value Drivers: two-car parking, modern build, light-rail access
Bedrooms
2
Bathroom
1
Parking
2
Land
1.88 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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