Changing of the guard: This home joins the elite new crop of Deakin’s prestige market

While Deakin is famously home to many of Canberra’s grandest estates, a rare tier of custom-built residences occupies a league of its own. Even within the Inner South’s upper echelon, these homes define the streetscape through their architectural ambition and exceptional design. 

Exhibit A: No. 49 Norman Street. Conceived and constructed by the award-winning duo Thursday Architecture and building firm Mcdonald & Co, this sophisticated five-bedroom home was completed in 2025 to a luxurious standard.

According to listing agent Theo Koutsikamanis of Bastion Property Group, the residence holds its own among the emerging prestige properties in Canberra.

“In my view, this home is one of the most refined properties to ever go on the market in its category,” he says. “The combination of high-end finishes, bespoke craftsmanship and seamless layout really sets it apart.”

The exterior is composed of pale brick, Victorian ash timber cladding, and deep-set windows, with the upper-storey ledge dramatically curving above the entrance. The effect feels sleek and cutting-edge. 

Inside, that aesthetic continues, combined with a surprising burst of whimsy. Burnished concrete floors (with in-slab heating) sweep underfoot, contrasted by a custom peach-toned steel staircase that rises to the first floor. 

Here, three secondary bedrooms, plus a bathroom and a family room, provide plenty of accommodation or multipurpose options, while a private main bedroom offers a secluded retreat, opening directly to its own rooftop garden.

Rosy pink tones of Breccia Pernice marble in the en suite pair beautifully with American oak veneer, while an expansive walk-in wardrobe carries the warmth of the oak joinery throughout the space.

Downstairs, the layout unfolds naturally. A plush guest suite at the front of the home, perfect for visitors or multigenerational living, includes a walk-in robe and en suite, while next to it, a second lounge room could serve as a media room. 

Beyond, a light-filled main hub opens up with full-height double-glazed windows and sliding doors overlooking the al fresco terrace, landscaped gardens and an in-ground concrete plunge pool.

This is undoubtedly the beating heart of the home. A stunning kitchen – anchored by those rich textures of the striking breccia pernice marble – is supported by integrated appliances and a discreet walk-in pantry.

High ceilings create a sense of volume, while a memorable green Louis Poulsen PH5 pendant hangs over the dining area, and a feature brick wall and wood-burning fireplace provide a grounded, focal point for the lounge.

This space transitions easily to the outdoors, which has been cleverly zoned with dedicated areas for entertainment and relaxation. The covered terrace provides an effortless dining setting with off-form concrete built-in seating and a Weber barbecue. 

Around the corner, a fire pit with sandstone log seating sits opposite the plunge pool (with a heat pump and versatile spa function), surrounded by custom vertical pole steel fencing. This is finished in the same vibrant tone as the indoor staircase, helping to tie the interior to the landscape and adding a final touch of playful elegance to the home.

Koutsikamanis says prospective buyers have been impressed by the standard of materials and finishes.

“This home supports both relaxed living and effortless entertaining, where every part offers an amazing private outlook,” he says. “It will cater to every buyer, from families to downsizers.

“But, most importantly, it will appeal to those who don’t want to commit to the time and effort of a custom home building project.”

$3,249,000+

49 Norman Street, Deakin ACT 2600

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