14/56 Morisset Street, Queanbeyan NSW 2620

Top-floor unit | riverfront balconies | 5.9% yield | flood overlay | central Queanbeyan CBD This property presents a competitively strong proposition based on its unique positioning and income profile. The top-floor unit with dual private balconies capturing direct waterfront views over the Queanbeyan River is a rare configuration within this market, differentiating it from standard strata stock. Its location in the heart of the Queanbeyan CBD ensures high convenience and rental appeal to a demographic heavily skewed toward younger residents, which is corroborated by a robust estimated rental yield. The unit serves an investor seeking a high-yielding, low-maintenance holding or an owner-occupier valuing walkability and aspect over private outdoor space. The primary risk mechanism is the flood planning overlay, which imposes a potential insurance cost and necessitates specific due diligence. The strata title with a shared land entitlement of 1006 square metres also means body corporate fees and decisions will directly impact ownership costs and control. The commercial logic lies in acquiring a view-based premium and central location at a price point where the gross rental yield offsets holding costs. Proceed with a defensive investment posture, valuing it toward the lower end of the listed range to buffer for strata and flood due diligence, and hold for yield with the view capital acting as a long-term hedge against more generic stock.