Oversized 117sqm inner-north unit | Two secure car spaces | Prime Turner locale near light rail | High-spec Five complex
This property presents a competitively strong proposition due to its rare spatial configuration, offering 117 square meters which is exceptional for a two-bedroom apartment in the inner north. This scale, combined with two car spaces, quality finishes, and a dedicated study nook, creates a durable advantage for owner-occupiers seeking long-term comfort or professionals working from home. Its location in a well-regarded complex moments from the Braddon precinct and light rail solidifies its appeal to buyers prioritizing urban convenience without compromising on living space.
Proceed with the understanding that the lack of a disclosed floor level and building age introduces valuation ambiguity, a risk that must be priced into your offer. The established rental yield near 5.8% provides a sound commercial logic for investors. This is a hold property; its oversized layout ensures it will remain distinct in the market, making it suitable for a long-term capital hold or a premium rental.
The sales history indicates steady capital growth:
– Jun 2008: $530,000
– Feb 2017: $590,500
– Current Ask: $630,000 – $650,000
This trajectory, alongside the current asking price sitting below the estimated market value of $671,000, suggests the listed range is positioned for negotiation.