347/1 Mouat Street, Lyneham ACT 2602

Top floor 11th level | two secure car spaces | 90.7sqm plus balcony | heated pool and gym in complex This unit occupies a rare top-floor position in a well-serviced building, giving it a quiet, private edge over lower-level stock in the same complex. The 90.7sqm internal floorplan is generous for a two-bedroom apartment in the inner north, and the two basement car spaces are a genuine scarcity in Lyneham. South-west orientation captures afternoon light and views toward Black Mountain Tower, which adds a lifestyle dimension that appeals strongly to downsizers and professional couples. The existing tenancy at $1,250 per fortnight until May 2026 provides immediate, predictable income for an investor, while the complex amenities-heated indoor pool and gym-support long-term rental demand and owner-occupier appeal. For a buyer seeking a lock-and-leave property with strong rental fundamentals and a positional advantage, this is a compelling option. The primary risk is the 2013 purchase price of $507,500, which suggests limited capital growth over a decade, and the historical record showing three bathrooms versus the current two may indicate a past reconfiguration that could raise questions for lenders or future buyers. The tenancy in place until 2026 removes the option of owner-occupation for nearly two years, which may deter some buyers, and the south-west aspect, while pleasant for afternoon sun, means cooler mornings. On the opportunity side, the two car spaces and top-floor positioning are durable differentiators in a market where many apartments lack either. Hold this property for its reliable rental yield and positional scarcity, not for short-term flipping.