53/45 West Row, City ACT 2601
53/45 West Row, City ACT 2601
2-bed 2-bath 1-car at 78m² | EER 6 rated | Secure modern CBD apartment | Strong rental yield potential | City fringe lifestyle
This unit holds a clear edge in Canberra’s City precinct because its 78m² internal footprint is generous for a two-bedroom apartment, giving it a more livable floorplan than the compact one-bedders that dominate the building. The EER 6 rating is a genuine efficiency advantage, lowering ongoing energy costs and appealing to buyers who prioritise sustainability. Positioned in a dense urban core, it suits professionals, public-sector workers, and downsizers wanting walk-to-work convenience with secure parking and building amenities like a gym and BBQ areas. For investors, the rental estimates suggest a yield that outperforms typical suburban houses, making it a balanced choice for owner-occupiers and landlords alike.
Value may be shaped by the unit’s exact floor level and aspect, which are not confirmed, as higher floors with better outlooks typically command a premium in this building. The mid-2010s construction age means finishes are modern but not new, so condition and any upgrades could influence buyer perception. Strata fees and building management quality might also weigh on affordability, though the lack of flood, bushfire, or heritage overlays removes major risk. Buyers should weigh these factors against the central location’s enduring demand.
|| Comparable Sales: Unit 36 sold $642,500; Unit 148 sold $690,000 | Property Price Band: $600K–$700K | Value Drivers: Layout efficiency, building amenities, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 53/45 West Row, City ACT 2601
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Canberra’s 2601 postcode, anchored by the City and inner-north suburbs, is an owner-occupier market drawing first-home buyers in the $800,000–$1.1 million bracket alongside public servants and education professionals. House prices sit at a $986,241 median with growth ranging from 1.22% to 8% annually, reflecting inconsistent data; forecasts point to $1.18 million. Units are weaker, with a $631,000 forecast and houses outperforming. Listings are tight—houses spend 47 days on market, vacancy is 1.3–1.6%, and gross yields are 4.1%. Limited supply, low approvals, and steady public-sector population growth underpin demand. Risks include entry-level affordability at $780,000, elevated apartment stock, and rate sensitivity despite stable incomes.
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PropCred Estimated Value
Comparable Sales: Unit 36 sold $642,500; Unit 148 sold $690,000 | Property Price Band: $600K–$700K | Value Drivers: Layout efficiency, building amenities, rental yield potential
Bedrooms
2
Bathroom
2
Parking
1
Land
2444m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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