64/21 Aspinall Street, Watson ACT 2602
64/21 Aspinall Street, Watson ACT 2602
Top-floor unit | 97m² combined | North-east aspect | Resort amenities | 6-star EER
This apartment holds a genuine edge in Watson’s established unit market. The top-floor position with a north-east aspect delivers natural light and privacy that most ground-level units in older complexes simply cannot match. At roughly 97m² combined, the internal and balcony space is generous for a two-bedroom layout, making it feel closer to a townhouse in volume without the external maintenance. The secure parking, storage cage, and access to a pool, two tennis courts, and a community room lift it well beyond standard low-amenity stock. It suits owner-occupiers—particularly downsizers or first-home buyers—who want Inner North convenience, established gardens, and shared facilities without strata-heavy high-rise living.
The property’s value may be shaped by its 1999–2000 build age, which means older finishes and potential body corporate levies for shared amenities could weigh on long-term holding costs. Its position above the suburb’s typical unit median reflects the larger floorplan and complex quality, but buyers should weigh whether the resort-style facilities justify any premium over simpler nearby units. The 6-star energy rating is respectable for its era, though not exceptional. Rental demand appears steady given the secure parking and light rail proximity, which may support investor interest, but the unit’s appeal hinges on how well the complex is maintained over time.
|| Comparable Sales: Unit 23 sold $495k, Unit 54 sold $540k | Property Price Band: $500k–$600k | Value Drivers: Top-floor aspect, combined size, complex amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 64/21 Aspinall Street, Watson ACT 2602
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Watson ACT 2602 sits as a mid-priced Canberra suburb, with median house prices ranging from $1.10m to $1.15m and units at roughly $590k. Houses have grown 6.9–7.7% annually, while units managed just 1.55%, reflecting stronger owner-occupier demand for houses. The rental market tells a similar story: houses fetch $650 weekly but return 3.48% gross, whereas units return 5.27% on $520 weekly — a gap that signals investor appetite for affordable rentals. Houses turn over quickly at a median 47 days on market, with 118 annual sales, indicating consistent transaction flow. Unit yields point to solid rental demand, though slower price growth suggests supply may be adequate. Future house price gains face potential rate sensitivity due to the high entry price, while the absence of vacancy and supply data limits further assessment of rental market tightness.
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PropCred Estimated Value
Comparable Sales: Unit 23 sold $495k, Unit 54 sold $540k | Property Price Band: $500k–$600k | Value Drivers: Top-floor aspect, combined size, complex amenities
Bedrooms
2
Bathroom
1
Parking
1
Land
1.72 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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