141/44 Constitution Avenue, Parkes ACT 2600

1-bed Griffin apartment, 73sqm with parking | Walk to Parliament & lake | High owner-occupier building | Tight Parkes supply This unit’s competitive edge is its size-73sqm is unusually generous for a one-bedroom apartment in the parliamentary triangle, and the inclusion of a dedicated parking space is increasingly rare near the lake. The Griffin building’s 85% owner-occupier ratio signals a well-managed, stable environment that tends to hold value better than investor-heavy towers. For a professional or downsizer wanting lock-and-leave proximity to civic, the lake, and government hubs, this property offers a floorplan and building character that most new one-bedders lack. The Campbell school catchment adds a layer of long-term appeal for couples planning ahead. The risk is that Parkes has thin sales history-only five one-bedroom sales in the prior year-making future resale timing less predictable than in larger suburbs. The auction format on 21 May means the buyer must be prepared to compete without a firm price anchor, and the $599,000+ guide may stretch above recent building comparables. However, a December 2024 purchase in the same building at $537,000 and a subsequent $750-per-week rent indicate both capital growth and rental demand are present. Hold this property as a low-maintenance city-fringe base or a stable rental; its size and parking give it a clear edge over smaller units in the precinct.