29/311 Anketell Street, Greenway ACT 2900

Modern 2-bed unit | North-facing in SQ1 building | 6-star EER | Ultrafast NBN | 75m² internal This north-facing two-bedroom unit in the modern SQ1 building presents a competitively priced entry into the Greenway market, distinguished by its high energy efficiency rating and superior internal orientation. The configuration is strongest for an owner-occupier seeking low-maintenance modern living or an investor targeting long-term capital growth, given the building’s apparent appeal and the unit’s functional layout. Its position is defined by the scale of the block and the multi-unit zoning, offering a stake in a substantial parcel of land within a complex. The decision hinges on the significant annual outlays for rates and potential land tax, which materially impact holding costs and net yield. The extended days on market for the listing, against a faster local average, signals a pricing or presentation challenge requiring investigation. Proceed with a strategy to hold for a full market cycle to mitigate the building’s high turnover of short-term holdings. Our property report would pressure-test the listed price against true comparable sales and detail locality-specific risks, from school catchment shifts to building capital works, to secure your financial position. Recent sales within 311 Anketell Street provide a direct value benchmark: – 17/311 (1 bed): Sold $400,000 (Aug ’24) – 84/311 (2 bed): Sold $526,000 – 38/311 (1 bed): Sold $375,000 – 116/311 (2 bed, 2 car): Sold $499,000 – 109/311 (2 bed, 2 car): Sold $496,600 This data indicates a premium for two-bedroom layouts, though the subject unit’s listing price sits below the most recent two-bedroom sales, suggesting either a value opportunity or a need to scrutinise the specific attributes of those higher-priced transactions.