4/21 Morton Street, Queanbeyan NSW 2620

Renovated 2-bed townhouse | boutique complex of six | walkable Queanbeyan centre | periodic lease with rising rent This property is competitively positioned as a low-maintenance entry into a tightly held boutique complex, where the scarcity of only six units provides natural insulation against oversupply. The recent renovation removes immediate capital outlay for a buyer seeking a turnkey holding, while the existing periodic lease at $450 per week, stepping to $470, offers immediate positive cashflow against the modest outgoings. It serves best a first-time investor or a downsizer wanting a lock-and-leave foothold in Queanbeyan’s walkable core, where the aging demographic suggests stable long-term rental demand from those trading larger homes for convenience. The principal risk is the periodic lease tenure, which limits the buyer’s ability to occupy without notice, though the scheduled rent increase signals tenant stability. The 66-square-metre floorplan is compact, so capital growth will track the suburb’s median rather than outperform; however, the low strata and rates leave room for a small yield buffer. A buyer could hold this as a cashflow-positive rental while Queanbeyan’s proximity to Canberra continues to underpin demand, or move in later with minimal disruption.