15/40 Mort Street, Braddon ACT 2612

1-bed flat in boutique Braddon building | oversized balcony | prime Mort Street location | near top-priority schools | strata lot over 1500m² This unit presents a competitively sized offering in a boutique, developer-built residence on a large strata plot, directly fronting Braddon’s vibrant cafe and dining precinct. Its priority enrolment to several government schools and fibre internet support a strong occupant profile, best serving an owner-occupier seeking lifestyle convenience or an investor targeting the reliable tenant demand evidenced by the suburb’s solid rental yield. The listing price positions it below the current suburb median for one-bedroom units, creating a potential entry point. The primary financial burden is the quarterly strata levy, which is material for a unit of this size and must be factored into yield calculations. The wide disparity in automated valuations signals market ambiguity, requiring thorough due diligence on recent comparable sales beyond the provided suburb average. Proceed with a conditional offer contingent on a strata records review, using a professional valuation to anchor negotiation below the listed price. Our advisory report would pressure-test this property’s value against true comparables, audit the body corporate health, and assess locality-specific risks for insurance.