404/74-76 Northbourne Avenue, Braddon ACT 2612

Prime location edge | compact 1-bed with spa bath | strong rental demand | secure car space included This unit sits in a well-managed complex with a rare combination of a spa bath, secure parking, and a balcony accessible from both living and bedroom-features that typically command a premium in the Braddon rental market. The 6-star energy rating and reverse-cycle air conditioning reduce holding costs, while the building’s facilities and proximity to the city centre make it attractive to professional tenants or downsizers. It suits an investor seeking stable cash flow or a first-time buyer wanting a lock-and-leave base with low maintenance. The main risk is the smaller 59m² internal footprint, which limits appeal to couples or those needing home office space, potentially narrowing the resale pool. Body corporate fees at $1,650 per quarter are high for a 1-bedroom and will eat into net returns, though the 125L hot water system and European laundry offset some ongoing costs. The property’s long-term value lies in its position within a high-demand corridor-hold for rental yield and capital growth tied to Braddon’s urban renewal, rather than flipping.