1/4 Tench Street, Kingston ACT 2604

Kingston Court complex | light-filled apartment | shared pool & tennis | 5G coverage | Telopea Park catchment This unit presents a competitively strong offering within a well-regarded complex, combining lower-maintenance living with sought-after communal amenities. Its position in the Telopea Park School catchment is a primary driver for family demand, while the split-system climate control and north-facing aspect enhance livability. This property best serves an owner-occupier seeking a lock-and-leave lifestyle or an investor targeting stable rental yields from professionals or small families. The decision hinges on the significant holding costs, with annual rates and land tax exceeding $125,000, which erode investment yield and demand a premium rental return. The substantial increase in unimproved land value signals underlying asset appreciation but translates directly to higher statutory charges. Acquire only with a clear strategy to absorb these costs; it is a hold for long-term capital growth in a premium location, not for short-term cash flow. Recent sales establish a clear growth trajectory. The 2022 sale at $612,000 represents a 34% increase over the 2011 purchase price of $455,000. This consistent capital growth, averaging roughly 3% annually, demonstrates the property’s established performance within its market segment.