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The Canberra Times
The Canberra Times
Lucinda Garbutt-Young

Suburb record smashed by more than $300,000

A record-breaking sale has been made in Canberra's far south despite subdued buying conditions across the territory.

The hammer went down on 43 Tatchell Street, Calwell, for a cool $1.7 million on the last Saturday of September.

That price eclipsed the previous suburb record by more than $300,000, according to CoreLogic data.

It was held for almost two years by 8 Tuthill Place, which sold in November 2022 for $1.38 million.

The territory has experienced a slower start to spring than usual - home values slipped 0.3 per cent last month - but selling agent Christine Bassingthwaighte said she was not surprised by the Tatchell Street outcome.

The facade and informal living space of 43 Tatchell Street, which smashed a suburb record. Picture supplied

"When I walked into the property, I thought it was a record-breaking home," she said.

There were eight registered bidders for the four-bedroom, three-bathroom abode.

A rumpus room and home theatre were significant selling features in the house, along with a formal dining area.

The house features a home cinema and formal lounge area. Picture supplied

The chef's kitchen and custom cabinetry made the home an ideal location to host guests in.

Upstairs, two master bedrooms, each with private en suites, were a unique feature in the home.

A large spa and poolside lounge area were also selling points.

The house has an indoor spa. Picture supplied

The house sits on a quarter-acre block, which Ms Bassingthwaighte said was immaculately maintained.

It was a long auction; Ms Bassingthwaighte said bidding lasted 35 minutes.

The highest bid was by a young family, whose children will grow up in the house,

The competitive bidding was welcome during what the Blackshaw agent, who has been selling in Calwell for 40 years, described as the hardest selling period since the 1990s.

A large backyard is ideal for kids to play in. Picture supplied

Presentation, "hard work" and an understanding of Tuggeranong's market prevailed.

"It was a team effort. The [seller] did everything I asked of them," Ms Bassingthwaighte said.

"The house was amazing and a credit to the owners."

She said the care put into upkeep of the property was crucial for anyone hoping to make a profitable sale in what is tipped by experts to be a buyers market until at least the first interest rate cut next year.

Those scrolling listing sites were marking decisions "within the first 10 seconds" of seeing a house, Ms Bassingthwaighte said.

"There's no time to examine the bones of the house. It has to stand out."

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