1105/3 Grazier Lane, Belconnen ACT 2617

2 bed 2 bath 2 car | 11th floor Belconnen | 89sqm with pool gym spa | asking above automated valuation | strong rental demand area The buying case here rests on the combination of two car spaces and a full amenity set in a high-rise Belconnen building, which is genuinely uncommon for a 89sqm floorplan. That configuration gives this property a competitive edge with both owner-occupiers wanting lock-and-leave convenience and investors targeting dual-income tenants who both drive. The 11th floor position and inclusion of air conditioning, floorboards, and an outdoor spa lift the appeal above entry-level stock in the same precinct. It suits a buyer who values lifestyle amenity over absolute value-for-money and who intends to hold medium term in a suburb with solid rental depth. The main risk is the gap between the automated valuation and the asking price, which suggests the seller is pricing for premium finishes or view rather than pure comparables. That means the buyer must negotiate hard or accept a tighter initial yield—around 5.8 percent gross at the listed price versus closer to 7 percent at estimated value. The absence of bushfire or flood overlay is a positive, but the property sits in a high-density zone where future supply could cap capital growth. Buyers should treat this as a lifestyle-plus-rental hold, not a short-term flip, and use the two-car and amenity package as leverage in any price discussion.