167/45 West Row, City ACT 2601

167/45 West Row, City ACT 2601
2-bedroom flat with garage | City ACT 2444mยฒ lot | ducted cooling and heating | no overlays detected This unit offers a rare combination in the City precinct: a full two-bedroom layout with a secure garage on a large 2444mยฒ lot, which provides a more substantial land holding than typical apartment purchases. The ducted cooling and heating, built-in robes, and balcony make it a comfortable owner-occupier option, while the gym access and reliable opticomm fibre add practical appeal. It suits professionals or investors seeking a central residence with lower body corporate risk due to the lot size. The main risk is the current price gap between the listed $698,000 and the lower Domain estimate of $640,000, suggesting potential overpricing or variable demand. No sales history or ownership details are available, which limits transparency. The suburb median of $646,000 with a 5.3% rental yield indicates the $870 per week rent is achievable but not exceptional. For a buyer, the opportunity lies in negotiating toward the $640,000 range to secure a property with strong land content and no overlay constraints. Hold it as a long-term central residence or rental, with the garage and lot size providing a buffer against smaller unit depreciation.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Canberraโ€™s central suburbs present a tightly held, owner-occupier market underpinned by stable public sector and professional demand. Competition is strengthening, particularly from first-home buyers, within a supply-constrained environment where listings remain low. Recent price growth has been measured, with houses outperforming units, supported by resilient rental conditions and a critically low vacancy rate. Future growth is anchored to this persistent demand-supply imbalance, though affordability pressures and inconsistent development pipelines present ongoing constraints to entry and expansion.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2444mยฒ

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