1/1 Kerridge Street, Kingston ACT 2604

Inner-south boutique | one‑bedroom at a price point that has just transacted | strong rental demand | no overlay risk. This apartment is competitively positioned where comparable one‑bedroom sales in the same building have already traded near the current asking level, giving a buyer a rare price‑evidence anchor before any upward market correction. The Atelier development’s mix of owner‑occupiers and investors, combined with Kingston’s walkable amenity and lake proximity, supports both capital stability and rental demand. It suits an investor seeking a proven rental profile or a professional wanting a lock‑and‑leave foothold in a premium inner suburb. The main risk is the absence of disclosed body corporate fees and any special levies, which can materially affect net returns and ongoing holding costs. Floor level and outlook remain unconfirmed, and a lower‑level unit may trade at a discount compared to higher exposures. The opportunity lies in the estimated value gap of roughly nine percent above asking, suggesting potential for immediate equity if the valuation model holds, and the strong rental yield of approximately six percent gross supports a cash‑flow positive position in a tight rental market.