213/50 Eastlake Parade, Kingston ACT 2604

Modern 1-bed apartment | Quayside prestige development | Telopea Park priority catchment | Strong rental estimate This unit presents a competitively strong offering within Kingston’s apartment market, defined by its address in the established Quayside development and its priority enrolment access to the sought-after Telopea Park School. The configuration is typical for the locale, but the combination of modern build, exclusive amenities, and a specific school catchment creates a rare package. It serves the investor or owner-occupier seeking a low-maintenance residence with proven tenant appeal and educational access, positioning the buyer in a segment with consistent demand. The decision hinges on reconciling the listed price against recent sales evidence and inherent unit constraints. The primary risk is paying a premium not supported by comparable sales, exacerbated by the discrepancy in noted internal area. The opportunity lies in securing a turnkey property in a tight rental market, where the estimated rental yield provides a clear commercial logic. Proceed with an offer strategy anchored by verified sales data, as this property is best held as a long-term rental or entry-point residence. A Propcred report would ground your offer with precise valuation, clarify strata health, and detail locality risks like council zoning. A comparable unit in the same building, G1/50 Eastlake Parade, has an estimated value of approximately $527,000. This suggests the subject property’s $519,000 asking price is positioned close to recent market benchmarks for this specific development. The estimated rental range of $425-$710 per week, with a midpoint of $565, provides a tangible yield metric for investor evaluation.