301/19 Marcus Clarke Street, City ACT 2601

301/19 Marcus Clarke Street, City ACT 2601
Modern 1-bed with dual parking | Embassy-occupied security | Lake views & rooftop amenities | Heritage overlay present This unit presents a competitively strong proposition due to its rare dual car accommodation within a one-bedroom format, a significant configuration edge in the city center. Its modern finishes, building amenities, and prior embassy tenancy with upgraded security signal a property positioned for low-maintenance, high-quality occupancy. It serves best as a secure lock-and-leave residence for a professional or a capital-efficient rental targeting diplomatic or executive tenants. The primary decision point is the heritage overlay, a risk mechanism that may constrain future alterations and requires specific due diligence. The furnished presentation, while valuable, narrows buyer appeal to those aligned with its style. The commercial logic is clear: acquire a turnkey property with proven high-demand tenant profile. Proceed with a firm price expectation below the estimated value, ideal for a long-term hold. A PropCred report would specifically clarify the heritage overlay’s impact, provide a true comparable sales valuation, and assess locality risks for insurance. Search results did not contain recent comparable sales data for this specific building or immediate area, which limits precise benchmark valuation. To establish credible pricing, a buyer must investigate recent sales of similar one-bedroom apartments with parking in the City precinct.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

CanberraÂ’s central suburbs present a tightly held, owner-occupier market underpinned by stable public sector and professional demand. Competition is strengthening, particularly from first-home buyers, within a supply-constrained environment where listings remain low. Recent price growth has been measured, with houses outperforming units, supported by resilient rental conditions and a critically low vacancy rate. Future growth is anchored to this persistent demand-supply imbalance, though affordability pressures and inconsistent development pipelines present ongoing constraints to entry and expansion.

PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1.01 acres

Built

Recent Assessments