Franklin luxury home breaks suburb record at just over $1.5 million

With a stunning facade and commanding street presence on a prime corner in Franklin, 155 Oodgeroo Avenue had attracted a lot of attention since hitting the market four weeks ago.

At auction on Saturday, it sold for a record $1,550,000, becoming the highest sale in Franklin, $250,000 above its reserve price.

It also surpassed the last record sale price by $380,000, which had been held by a home directly across the road.

More than 40 groups passed through the first open inspection, with lines out the door, and more than 100 people came down to watch the auction.

There were 11 parties registered to bid. Agent Jason Roses of Luton Properties Gungahlin says it was one of Luton’s largest auctions in terms of turn out, bidders and interest.

“A property like this comes on the market once in every 20 years. It’s one of the largest homes that has ever sold in Gungahlin’s history with 509 square metres of living space,” he says.

The opulent home is grand on every scale and attracted keen interest from larger families due to its five separate living areas, five bedrooms and positioning on one of the largest blocks in Franklin.

• Related articles: Auction watch: Kingsway home records highest 2017 sale for Queanbeyan East

• Related articles: With Christmas just around the corner, Canberra’s property market is slowing

• Related articles: Mugga Way home almost triples its last sale price

“Excitement was in the air and despite it raining the energy was great, and it was also very emotional. As soon as we sold it, it was a wonderful feeling for the owners and signified the end to a long search for their perfect home,” Mr Roses adds.

The home went to a local family who had been on the hunt for a high-end versatile, large family home.

“What they found through their buying journey was with a lot of these modern homes, the size was lacking,” Mr Roses says.

Adding to the buyer’s appeal, the home boasts two master bedrooms, one on each floor – perfect for visiting relatives or extended live-in family.

“It’s central to the Gungahlin town centre and a short drive on the GDE to the city, but the biggest selling point is the government’s light rail project and what happens to a suburb’s median prices which have prime access to transportation,” Mr Roses says.