116/39 Benjamin Way, Belconnen ACT 2617

1-bedroom unit in Belconnen | 69sqm with recent renovation | mixed-performance building | strong commercial adjacency The unit’s recent renovation with fresh paint and new carpet provides a turnkey advantage, removing immediate maintenance costs for a buyer. Its 69sqm floorplan is generous for a one-bedroom, offering better livability than many comparables in the building. The position across from a bustling commercial area gives it a convenience edge that supports rental demand, particularly for professionals or students who value walkability. The building’s nbn Fibre to the Building connectivity is a practical bonus for remote workers. This property suits an owner-occupier seeking a low-maintenance home or an investor targeting steady rental income in a well-located complex. The building’s mixed sales performance raises caution. Unit 110 lost value over four years, while larger units saw growth, suggesting one-bedrooms may underperform. The estimated annual rates of $1,732 and body corporate of $4,991 eat into net returns, and land tax of $1,968 applies if rented. With no sales history for this specific unit, pricing risk is higher. The holding time distribution—31% held over ten years—indicates some owners are comfortable, but the negative growth in a comparable unit signals limited capital upside. Buyers should negotiate firmly and plan to hold for income, not speculation.