282/7 Irving Street, Phillip ACT 2606

Corner apartment | leafy views | resort-style complex | strong rental yield | 2017 build This unit presents a competitively strong proposition for an investor seeking a low-maintenance entry into a well-serviced suburb. Its corner position and higher floor enhance light and space, rare in one-bedroom stock, while the complex’s gym and pool elevate its rental appeal against older Phillip stock. It is best suited to an investor capitalizing on the high rental demand near educational and recreational amenities, with a gross yield around 6.7% supporting solid cash flow. Key risks are the substantial strata levy, which erodes net yield, and the property’s susceptibility to strata fee inflation given the recreational facilities. The commercial logic is clear: acquire a modern, amenity-rich unit for a tenant demographic, not for capital growth outperformance. The judgment is to hold as a long-term income-producing property, accepting that strata costs are the price for sustained tenant appeal. Recent comparable sales data is limited, with the property itself last selling for $331,900 in 2017. This historical price underscores the current asking range’s implied growth, but a precise valuation requires analysis of recent, similar one-bedroom sales in the immediate complex or on Irving Street to gauge the premium for its condition and position.