19/17 Eastlake Parade, Kingston ACT 2604

Prime lake-view apartment | Two-car parking rare for size | 96sqm internal in premium Aurora complex | Auction clearance below 50% in Kingston This property commands a rare combination of waterfront positioning and genuine internal space at 96sqm, a configuration edge over most two-bedroom units in the Kingston Foreshore precinct where compact floorplans dominate. The dual car spaces and basement storage further differentiate it from competing listings, while the 6.0 energy rating and ducted reverse-cycle system reduce holding costs for an owner-occupier. It suits a professional couple or downsizer who values lifestyle proximity to water and dining over investment yield, as the rental history at $800 weekly suggests a gross return below 4% at likely auction outcomes. The principal risk is the Kingston apartment market’s soft clearance rate of 47%, which may pressure bidding on auction day and leave the property passed in or sold below vendor expectations. Buyers should factor that the building is 30% rental, which can affect common property care and financing for some lenders. The opportunity lies in the 2011 last-sale date, meaning the vendor likely holds low cost base and may accept a negotiated pre-auction offer to avoid a public miss. Hold this property as a primary residence to capture lifestyle premium and capital stability from a constrained waterfront site.