Buyer pays $1.45 million for Florey home in first wave of auctions for the year

A sales campaign launched just before Christmas helped to ensure a solid result for a four-bedroom house in Florey in one of the first auctions of 2025.

Hive Property’s Tom Wiggins said that despite the disruption of the summer holidays, the property at 88 Summerville Crescent generated a lot of interest among prospective buyers.

“Although it’s typically a quiet period, and we only had six opens, we had about 100 people attending the inspections,” he said.

“There were four registered bidders on the day, with the property receiving an opening bid of $1.2 million before selling just above reserve at $1.45 million.”

The property had been quoted at circa $1.4 million.

$1,450,000

88 Summerville Crescent, Florey ACT 2615

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Wiggins said the vendor had bought the property in 2022 for $1.2 million with plans to renovate and will now move to the NSW South Coast.

Beautifully presented, the single-level house sits on an elevated 979-square-metre corner block and offers 214 square metres of total floor space.

It features an expansive living and dining room, a separate family zone and a generous entertainer’s kitchen with stone waterfall benchtops and premium fixtures.

Florey’s median house price has risen 38.2 per cent over the past five years, according to Domain data, and the current median for a four-bedroom house there is now $955,000.

The record for a residential dwelling was set at $1.6 million in 2021 by the house at 8 Cooksey Place.

Wiggins said Florey was appealing to buyers as it was a relatively newer suburb in the Belconnen region with homes offering modern floor plans that were popular and easy to update.