149/1 Mouat Street, Lyneham ACT 2602

Inner north Lyneham | Fifth-floor apartment | Near top-tier schools | Stable rental yields | Priced below comparable sales This unit presents a competitively priced entry into a high-demand inner-north suburb, positioned directly within the catchment of sought-after government schools. Its fifth-floor placement offers a standard configuration, but the recent sales trajectory within the building demonstrates consistent capital growth, albeit modest. The property best serves an investor seeking stable yield from the tight rental market or an owner-occupier prioritising school proximity over internal features, which are unspecified. The primary risk is the lack of detail on internal condition and aspect, which could conceal refurbishment costs. The established building age and body corporate structure imply predictable outgoings. The commercial logic is clear: acquire below recent comparable sale prices in a building with proven rental demand. This is a hold property for either yield or as a long-term entry point into the suburb, not a short-term trading opportunity. Recent sales within the same building provide a clear benchmark: – Unit 279: 2 bed, 1 bath, 1 car sold for $510,000 – Unit 312: 1 bed, 1 bath, 2 car sold for $410,000 – Unit 350: 1 bed, 1 bath, 1 car sold for $415,000 – Unit 251: 2 bed, 1 bath, 1 car sold for $489,000 With the subject property listed from $399,000, it is priced at a discernible discount to these comparable transactions, particularly the other one-bedroom sale at $415,000. This gap establishes immediate equity potential for a buyer, assuming similar condition.