Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This practical one-bedroom apartment is located on the second floor of a quiet eight-unit block, offering a straightforward and functional layout. The property includes essential features such as reverse cycle heating and cooling, a dedicated car space, exclusive storage, and an external laundry area, providing convenience and comfort for residents.
Having served as a reliable rental for several years, this apartment presents an excellent opportunity for investors seeking immediate income. The current lease is secured until March 2027, with a weekly rent of $410, ensuring stable and consistent returns from day one.
For buyers considering a longer-term investment, there is potential to renovate the apartment once the lease concludes, allowing for reassessment of rental income in line with market conditions at that time.
Situated in Downer, one of Canberra's most convenient and sought-after locations, the property is close to local amenities including the Downer shops, Dickson, Watson, the light rail, and the central business district. The inner north area is known for strong rental demand, making this apartment a valuable asset in a competitive market.
Key features include:
- One bedroom, one bathroom, and one car space
- Second floor position within a quiet eight-unit complex
- Currently tenanted at $410 per week with lease until March 2027
- Reverse cycle heating and cooling for year-round comfort
- Exclusive storage and external laundry facilities
- Close proximity to Downer shops, Dickson, Watson, light rail, and the CBD
- Body corporate fees of $1,387 per quarter, rates of $2,715 per annum, and land tax of $3,999 per annum
- Private inspections available by appointment
This apartment offers a blend of immediate rental income and future potential, making it an attractive option for investors and buyers looking to enter the Canberra property market in a convenient and well-connected location.
Local Market Insights
In Downer, Quiet Listings observed 42 new apartments entering the market over the last 30 days, up from 32 during the previous 30-day period, with an average advertised asking price of $527,024. The property type mix of listed properties is predominantly Apartments at 58%, followed by houses (31%), and units (6%). Trusted Property - Canberra was the most active agency in this area, representing 24.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Downer ACT 2602
Market Insights for Downer ACT 2602
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
