9/39-43 Crawford Street, Queanbeyan NSW 2620

Ground floor | 1-bed unit | Queanbeyan | strong rental yield | FTTP This property presents a rare configuration advantage in a well-established Queanbeyan complex: a ground-floor unit with its own deck and secure parking. For a first-home buyer or investor, the timber floors and new split-system air conditioning reduce immediate capital outlay, while the combined bathroom-laundry layout is a practical concession in a 52sqm floorplan. The current rental of $400 per week supports a gross yield above 5.6%, which is competitive for the area and positions the unit as a low-maintenance income-producing holding. It serves best a buyer seeking immediate cash flow or a turnkey entry into the Queanbeyan market without strata complexity. The primary risk is the unit’s age and the 14-year hold from the previous sale, which suggests limited capital growth relative to newer stock. The asking price sits near the top of Domain’s mid-range estimate, so negotiation room to around $350,000 is commercially justified given the comparable 1-bed unit at $345,000 in 2018. The lack of overlay risks and strong school catchment demand underpin downside protection. Hold for rental income and modest long-term appreciation, or use as a low-risk entry point while monitoring strata levies and complex turnover.