28/19 Condamine Street, Turner ACT 2612
28/19 Condamine Street, Turner ACT 2612
First-floor north-facing apartment | Original condition | Quiet leafy street opposite primary school | Secure car space | 75mΒ² internal
This unit’s primary competitive strength is its specific positioning within a sought-after inner-north suburb, directly opposite a well-regarded primary school on a quiet, tree-lined street. The north-facing aspect and elevated first-floor layout provide a desirable living environment with good light and privacy. The configuration of three bedrooms with two bathrooms and a secure car space is a practical and resilient format, best serving owner-occupiers, particularly small families or professionals seeking a low-maintenance foothold in a premium location with immediate school access. The original condition kitchen suggests a value-add opportunity for a buyer willing to renovate.
The decision hinges on the cost of strata fees against building services, the dated condition requiring capital investment, and the current soft demand evidenced by the high days on market for similar units. The opportunity lies in acquiring a well-located, fundamentally sound floorplan at a potential discount to the suburb’s house market, with future value linked to location rather than finishes. Proceed with an offer below the listed price, budgeting for immediate updates; this is a long-term hold for lifestyle, not a short-term gain. Our report provides the precise real market valuation, strata health checks, and locality risk assessment needed to secure this position confidently.
Nearby 19 Condamine Street sold for $770,000, though the property type is unclear, providing an ambiguous but notable local price point. For three-bedroom units in Turner, the average of 60 days on market and a 0% auction clearance rate indicate a buyer’s market, supporting a negotiated purchase well below the asking price.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Turner is an established inner-north suburb prized for its proximity to the Canberra CBD. Demand is driven by a young, professional demographic seeking urban convenience, supported by strong recent sales activity. The market demonstrates solid turnover, with houses and units moving at a measured pace. Future growth is underpinned by sustained population increases, though the limited volume of house sales suggests a tightly held market that may constrain supply.