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Location

Market Insights for Reid ACT 2612

New Listings (last 30 days)

Average price

$520,091

Lowest price

$399,000

Highest price

$650,000

Cooyong Street, Reid ACT 2612

$359,950

Search Band

$400k - $450k High Confidence Calculated based on strong search observations.

Apartment 1 bed 1 bath 1 car 77 m²

Listed: 41 days ago

Updated: 36 days ago

Overview

This well-positioned apartment in the heart of Canberra's CBD offers a compelling mix of value, convenience, and investment potential. Boasting 62 square metres of living space, the home provides a generous layout that efficiently supports a comfortable urban lifestyle for singles, couples, or investors looking for a good rental return.

The spacious bedroom features built-in wardrobes that offer ample storage, enhancing the apartment's functional design. A modern bathroom is finished with contemporary fixtures, contributing to the property’s overall modern appeal. The inclusion of air conditioning and reverse cycle aircon adds climate control options, providing year-round comfort.

Step outside onto a private balcony that overlooks a peaceful internal courtyard, creating a tranquil retreat within the city. This outdoor space enriches the living experience, ideal for enjoying morning coffees or unwinding in the evenings.

The property also includes a secure basement car park with remote garage access, an additional storage cage, and facilities such as intercom and broadband connectivity, making it well-equipped for convenience and security. The presence of a dishwasher and pool amenities adds to the lifestyle benefits.

Located directly opposite the Canberra Centre, it offers unparalleled access to shopping, dining, cafes, entertainment, and public transport, with everything essentials just moments away. The proximity to key city amenities makes it especially appealing to professionals and investors seeking a strategic location with strong rental demand.

Currently leased with a rental return of $490 per week and delivering a gross rental yield around 6.8%, this apartment is a ready-to-go investment providing immediate income with solid appreciation prospects given its premium location.

Overall, this property stands out for combining lifestyle convenience, solid investment returns, and secure features in a highly sought-after city centre location, making it an astute choice for a range of buyers.

Local Market Insights

In Reid, Quiet Listings observed 11 new apartments entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $520,091. The property type mix of listed properties is predominantly Apartments at 57%, followed by units (10%), and houses (10%). The most active agency for apartments in the Reid area is currently Trusted Property - Canberra, representing 18% of new listings, followed by Carter and Co Agents with 18%. 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.