347/1 Mouat Street, Lyneham ACT 2602
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 347/1 Mouat Street, Lyneham ACT 2602
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Lyneham presents as a well-located North Canberra suburb with strong transport links, appealing to a mix of young professionals and investors. Demand is driven by its high proportion of renters and single-person households, creating a steady investment market for both houses and more affordable units. Recent price trends show a softening house market with mixed signals, while units offer higher rental yields in a tight rental environment with low vacancy. Future growth is supported by ongoing sales activity, though sensitivity to interest rates and varying price performance present notable market constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1.12 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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