1/3 Brewery Place, Woolner NT 0820

3-bed Woolner strata | secure complex with pool | tenanted to 2026 | city fringe with views This unit presents a competitively strong proposition within its immediate complex and the broader Woolner apartment market, primarily through its tenancy security and superior configuration. A three-bedroom, two-bathroom layout with two car spaces commands a scarcity premium in a suburb dominated by two-bedroom stock, directly serving owner-occupiers seeking space or investors targeting family rentals. The fixed tenancy until April 2026 provides immediate, low-management income, insulating a buyer from near-term vacancy risk, while the building’s seven-year average owner-occupier tenure signals a stable, well-maintained complex attractive to both buyer profiles. Its ground-floor positioning in a lift-equipped building with a pool aligns with standard suburb amenities but is elevated by the private balcony and city views, positioning it for fringe-city seekers who value proximity without density. The decision hinges on reconciling the asking price against recent sales evidence, which shows a clear premium for three-bedroom units within the complex. The recent sale of unit 21/3 at $515,000 in June 2025 establishes a baseline, making the current $565,000 ask appear aggressive; this premium must be justified by the ground-floor aspect, the views, or the value of the in-place tenancy. The primary risk mechanism is overpaying relative to the established strata-titled market, a cost that would compress rental yield and capital growth potential. The opportunity lies in securing a larger-format unit with a guaranteed income stream in a tight rental market, where the estimated $780 per week rent supports a robust yield. Acquire this property as a hold for the lease term, using the rental coverage to assess the market, with a view to owner-occupation or re-leasing at a higher rate post-2026. Recent sales within 3 Brewery Place demonstrate a clear value hierarchy: – 21/3 (3b/2b/2p) sold Jun 2025 for $515,000 – 26/3 (3b/2b/2p) sold for $535,000 – 34/3 (2b/2b/2p) sold Feb 2026 for $492,000 – Multiple 2-bedroom units sold between $400,000 and $422,500 in 2025. This data confirms that three-bedroom units command a significant price premium over two-bedroom layouts in this complex, typically between $80,000 to $120,000. The subject property’s asking price therefore positions it at the very top of the recent sales spectrum, requiring justification through its specific attributes and tenancy arrangement.