16/1 Beissel Street, Belconnen ACT 2617
16/1 Beissel Street, Belconnen ACT 2617
2 bed / 2 bath / 2 car | lakeside urban precinct | strong investor & owner-occupier demand | mid-to-upper apartment stock | central to Westfield & UC
This unit sits comfortably in the stronger tier of Belconnen apartment living, primarily because of its two-car allocation—a genuine point of difference in a market where most comparable units offer only one. The configuration suits both owner-occupiers wanting low-maintenance living near the town centre and investors seeking steady rental appeal. Being part of a 2005-built complex on a substantial multi-unit parcel, the building is mature enough to have established grounds and management, yet not so old that systems feel dated. The immediate environment is dense, lakeside, and highly walkable, with Westfield, Lake Ginninderra, and the University of Canberra all within easy reach. This is not prestige penthouse stock, but it is well-positioned, practical, and likely to attract consistent interest from buyers who value location and parking over architectural flair.
Value may be shaped by floor level and outlook, which are not confirmed for this specific unit. If it holds water or parkland views, expect a measurable premium; if it faces internal or street aspects, pricing will lean closer to standard apartment benchmarks. The 2009-built neighbour and the 2005 parcel date suggest the complex is well-established, so any body corporate history, special levies, or common-area condition could influence perceived worth. The two-car advantage is the clearest differentiator, and it may justify a modest premium over similar two-bedroom units with single parking. Rental demand appears consistent given the area’s mix of students, professionals, and downsizers, but yields will depend on purchase price relative to achievable rent. Buyers should weigh the balance between convenience-driven demand and the reality of a high-density setting where outlook and building quality carry significant weight.
|| Comparable Sales: 56/20 Beissel Street sold $565,000 (2/2/1); 18/1 Beissel Street leased 2/2/2 with lake views | Property Price Band: $550,000–$650,000 | Value Drivers: two-car parking, floor level and outlook, building age and condition
Detailed Independent Property Report prepared by PropCred Analyst team for 16/1 Beissel Street, Belconnen ACT 2617
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Belconnen, Canberra’s north-west commercial hub, combines Westfield retail infrastructure and arterial bus links to the CBD. Demand is led by young professionals, investors and first-home buyers, drawn to gross yields of 5.82% for houses and 6.09% for units, a 0.97% vacancy rate, and high rental demand. Median house prices sit at $602,500, down 7.87% over the year, while median units are $470,000, off 2.08%. Houses spend 71 days on market, with just 27 annual sales indicating thin turnover. Employment in government and retail, university proximity and strong school catchments support rental demand. However, rate sensitivity is evident in the price decline, and affordability is stretched against competing Canberra suburbs. Tight supply, reflected in low sales volume, may constrain activity but offers little near-term reprieve from price correction.
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PropCred Estimated Value
Comparable Sales: 56/20 Beissel Street sold $565,000 (2/2/1); 18/1 Beissel Street leased 2/2/2 with lake views | Property Price Band: $550,000–$650,000 | Value Drivers: two-car parking, floor level and outlook, building age and condition
Bedrooms
2
Bathroom
2
Parking
2
Land
96m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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