21/21 Christina Stead Street, Franklin ACT 2913

1-bed flat with 2 car spaces | Strata lot on 1.97 acres | Top-floor executive 3-bed in same complex | Strong rental yield signals | Near light rail & Gungahlin amenities This specific unit presents a rare configuration of a one-bedroom apartment with two car spaces, a significant practical advantage in a multi-unit building that enhances rental appeal and resale liquidity. Its position within a well-established complex near major infrastructure serves both the investor seeking a high-yield entry into the Franklin market and the owner-occupier prioritizing convenience. The building’s mix of tenures indicates stability, while amenities like a gym and tennis court support long-term desirability. The primary financial considerations are the bushfire overlay, which may affect insurance, and the combined annual strata, rates, and potential land tax burden of approximately $9,000, which directly pressures net yield. The medium energy efficiency rating suggests higher utility costs. For a buyer, the commercial logic is to acquire a lower-priced unit in a proven building, leveraging its strong rental demand and infrastructure proximity. This property is a hold for yield-focused investors, not for those seeking high capital growth. Recent sales in the building provide clear benchmarks: – Unit 26/21 (2 bed, 2 bath, 1 car) sold for $560,000 in April 2024. – Unit 9/21 (2 bed, 2 bath, 2 car) sold for $550,000 after three years. – Unit 24/21 (3 bed, 2 bath, 2 car) sold for $460,000 in 2017. The listed price for this one-bedroom unit is well below these two-bedroom sale prices, which is logical given its smaller size. However, its dual car spaces offer a tangible value edge over typical one-bedroom stock, anchoring its valuation within the lower end of the building’s price spectrum.