48/1 Buninyong Street
Watson, ACT 2602

This well-maintained apartment is located in the rapidly growing inner-north suburb of Watson, offering an excellent opportunity for first home buyers, downsizers, and investors seeking a low-maintenance property in a convenient and highly connected location.

Designed for easy everyday living, the apartment features a practical floorplan with good natural light and a comfortable open-plan layout. It includes one spacious bedroom with a built-in wardrobe, a modern bathroom with quality finishes, and a contemporary kitchen equipped with quality appliances and ample storage. The light-filled open-plan living and dining area opens onto a private balcony, ideal for relaxing. Additionally, the property includes one secure car space, combining lifestyle appeal with strong rental potential in one of Canberra’s most popular inner-north suburbs.

The layout is thoughtfully designed to maximise space and functionality, creating a comfortable home environment that remains easy to maintain. This low-maintenance apartment setting is perfect for modern urban living.

Property Features:

• One spacious bedroom with built-in wardrobe
• One modern bathroom with quality finishes
• Contemporary kitchen with quality appliances and ample storage
• Light-filled open-plan living and dining area
• Private balcony for relaxation
• One secure car space
• Low-maintenance living in a modern apartment setting

Location Advantages:

• Situated in Watson, one of Canberra’s most sought-after inner-north suburbs
• Easy access to major transport routes and the Federal Highway
• Close to local cafés, shops, and everyday amenities, including Watson’s well-known local café hub
• Convenient access to public transport, with buses nearby and light rail services in the broader Watson corridor
• Short commute to Canberra CBD and Australian National University (ANU)
• Close to EPIC and the Capital Region Farmers Market, held every Saturday
• Surrounded by green spaces, walking trails, and established neighbourhood amenities

Watson offers strong lifestyle appeal, with nearby café destinations such as The Knox, convenient transport options through Transport Canberra, and quick access toward the City and ANU. The Capital Region Farmers Market at EPIC is a well-known local attraction operating every Saturday morning.

Ideal For:

• First home buyers entering the market
• Downsizers seeking low-maintenance living
• Investors targeting strong inner-north rental demand
• Professionals working in the CBD or nearby employment hubs
• Buyers looking for a convenient lifestyle location with long-term appeal

Investment & Outgoings:

• Price Guide: $410,000
• Estimated Rental Return: $500–$550 per week
• Rates: Approximately $1,694 per annum
• Strata Levies: Approximately $2,036 per annum

Publicly available rental listings and estimates indicate similar one-bedroom apartments at 1 Buninyong Street have recently been marketed around $490, $500, and $550 per week. This property represents an affordable entry into Canberra’s competitive inner-north market, offering comfort, convenience, and appealing rental prospects in a suburb that continues to attract both owner-occupiers and investors. Median unit prices in Watson have recently been reported around the mid-$500,000s, supporting the suburb’s ongoing demand profile.