Kaleen suburb record broken with a $1.385 million sale

Kaleen’s suburb record has been broken by $35,000, after an off-market sale of a four-bedroom house for $1.385 million this week.

Number 14 Sherlock Street was an owner-builder house and sits on a 717-square-metre block.

The sale was finalised on Thursday, according to the selling agent LJ Hooker Gungahlin’s Madeleine Sanfrancesco.

Ms Sanfrancesco took over the sale from another agency and attributed the record-breaking sale to quality inclusions.

“The quality of the inclusions were of a standard that hasn’t been built in Kaleen before. [Being an] owner-builder, the quality was naturally going to above average,” she said.

“It encompasses everything a family needs – the location with proximity to local shops and schools.

“It’s a great mix between outdoor and indoor living.”

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Some of the high-end features include Miele appliances, Caesarstone benchtops, Italian tiles and in-slab heating.

There are two main outdoor areas, including an al fresco area with an outdoor sink, barbecue, ceiling fans, and a courtyard with a plunge pool and sitting area.

Sales data showed the original house on the site – destined to be a knock-down rebuild – sold in 2016 for $452,200. Construction on the new house finished in November 2017.

It is the eighth sale above $1 million in Kaleen, and it’s the fourth time in the past year that the northside suburb has had a record-breaking sale.

In March last year, a four-bedroom house at 10 Shannon Circuit sold at auction for $1.1 million. The record was broken again in October with a five-bedroom house at 24 Campaspe Circuit selling for $1.28 million.

In January, a three-bedroom home at 39 Delegate Street sold for $1.35 million.

The median house price for Kaleen, from 2018 sales, is $735,000 – a 5.7 per cent annual increase. 

While Canberra’s clearance rate for March was 43 per cent, 70.6 per cent of auctioned properties in Kaleen last month sold under the hammer.

“There is high demand in Kaleen, what you are lacking in Gungahlin is the block size, whereas, in a suburb like Kaleen you are getting an original home of a family-sized block,” Ms Sanfrancesco said.

“It gives people an opportunity to turn it into a home they want.”