16/62 Constitution Avenue, Parkes ACT 2600

Brand new 3-bedroom | Canberra’s most spacious apartments | Parliamentary Triangle location | Luxury amenities | Bushfire & heritage overlay This unit presents a competitively strong proposition within a landmark development, offering rare 3-bedroom configuration and noted spaciousness in a tightly held precinct. Its position in the Parliamentary Triangle with direct access to Commonwealth Park serves a buyer seeking prestige and lifestyle, likely appealing to owner-occupiers or executives. The development’s marketing as a premier residential address supports its capital position. Decision hinges on navigating specific statutory overlays; bushfire, flood, and heritage constraints impose potential insurance premiums and renovation limitations, costing in flexibility and ongoing expense. The opportunity exists in securing a large-format unit in a finite, high-amenity location, with commercial logic favoring long-term hold to absorb overlay costs and precinct maturation. Acquire for lifestyle hold, not short-term trade. A Propcred report would ground this in real market valuation, detail locality risk audits, and clarify overlay insurance implications. A comparable 2-bedroom, 2-bathroom apartment in the same building carries an estimated value of $971,000 with a potential weekly rent of $875. This suggests a gross rental yield of approximately 4.7%. For a prospective buyer, this indicates the building commands a strong value per bedroom and healthy investment income, providing a credible benchmark that supports the premium positioning of a larger 3-bedroom unit in this complex.