31/19 Condamine Street, Turner ACT 2612

2-bed unit in established Turner building | mid-to-upper floor | near primary school | short tenure profile common This unit presents a competitively priced entry into a well-located Canberra suburb, directly adjacent to a government primary school. Its configuration is standard for the building, but the price point positions it below recent sales of comparable two-bedroom units in the complex, suggesting potential value. It serves best as a low-maintenance foothold for a first-home buyer or an investor seeking established rental demand in a central location. The primary risk is the building’s high turnover, with over half of units held under six years, which can indicate investor saturation or resident dissatisfaction, potentially impacting capital growth. The low energy efficiency rating imposes higher ongoing utility costs. Proceed with an offer conditional on a strata report to uncover any building-wide liabilities. A holding period exceeding five years is advised to mitigate resale volatility. Our property report would clarify the real market valuation against recent sales and detail locality-specific risks, including strata health. Recent sales within the same building provide a direct value benchmark: – Unit 32/19 (2 bed, 1 bath, 1 car) sold for $505,000 after a 5-year hold. – Unit 34/19 (2 bed, 1 bath, 1 car) sold for $520,000 after a 4-year hold. – Unit 3/19 (2 bed, 2 bath, 1 car) sold for $630,000 after a 12-year hold. This data indicates the listed price is aligned with recent sales for identical configurations, while the premium for a second bathroom is clear. The sale history supports the current asking price as market-consistent.