13/27 David Street, O'Connor ACT 2602

Top-floor unit | boutique block of 14 | quiet tree-lined street | walk to Turner School | move-in ready with new carpet This one-bedroom apartment occupies a top-floor position in a small 14-unit complex, a configuration that typically commands a premium for privacy and reduced noise. The 54-square-metre internal layout with an ensuite and separate car space appeals strongly to owner-occupiers seeking a lock-and-leave lifestyle, as well as to investors targeting the inner-north rental market where a $470 weekly return is achievable. The recent refresh with new carpet and abundant natural light removes immediate maintenance concerns, while the quiet street and proximity to Turner School and Lyneham High broaden the buyer pool to include downsizers and professionals. The primary risk lies in the building’s 65% tenant ratio, which can affect lending appetite and strata harmony for owner-occupiers. The 2016 purchase price of $338,000 and the current offers-over-$399,000 guide suggest a moderate capital growth trajectory, but the low auction clearance rate in the area signals subdued buyer urgency. For a buyer, the opportunity is to negotiate below the asking guide given the off-market listing status, particularly if comparable units in the block have transacted recently. The absence of bushfire or flood overlays and the existing NBN connection add practical reassurance without being prime value drivers.