19/21 Eastlake Parade, Kingston ACT 2604

Kingston Foreshore | 2013 built | 1 bed + study nook | strong rental yield | no overlays This unit presents a competitively strong, move-in ready entry into the established Kingston Foreshore precinct. Its 73-square-metre internal area with a study nook is a configuration edge over standard one-bedroom layouts, enhancing its appeal for remote work or as a dedicated living space. The property serves investors seeking solid yield from a high-demand rental market, evidenced by the estimated $565 per week, and owner-occupiers prioritising a low-maintenance lifestyle in a completed, well-located development. The absence of bushfire, flood, or heritage overlays simplifies due diligence and insurability. Proceed with a disciplined focus on strata health, as the building’s $74,104 residential rates and potential $162,448 land tax liability for investors directly impact holding costs. The medium EER 6 rating signals future utility expenses. Secure the strata report for a clear view of capital works and sinking fund status. This property is a hold for five to seven years to capitalise on Kingston’s enduring rental demand; its value proposition is current yield, not short-term speculative gain. Recent sales data shows 57 one-bedroom apartments sold nearby, confirming active demand. A direct comparable, 21/19 Eastlake Parade, a two-bedroom unit, sold for $620,000 in July 2021. While no identical one-bedroom sales are detailed, this volume of transactions and the higher price for a larger unit in the same precinct supports the current asking price and indicates a stable, liquid market for well-positioned apartments.