41/1 Surprize Place, Phillip ACT 2606

41/1 Surprize Place, Phillip ACT 2606
2-bed 2-bath 2-car apartment | Stone-and-steel fit-out | Hospital-adjacent location | Strong rental demand | No floor-level disclosed The provision of two basement car spaces is a notable differentiator for a two-bedroom unit in this segment, and combined with stone benchtops, stainless-steel appliances, and split-system climate control, the property is positioned above the typical entry-level apartment. Its location near Westfield Woden, Canberra Hospital, and CIT generates a broad demand pool, particularly among hospital staff and investors seeking consistent tenancy. The inclusion of a storage enclosure reinforces its appeal to downsizers and professionals who require long-term practicality. This unit is best suited to a buyer prioritising low-maintenance living with high rental certainty, rather than character or spatial privacy. The valuation is most directly affected by the absence of floor-level and orientation details, as these factors materially influence light, noise exposure, and balcony usability in a mid-density complex. The estimated rental return of $665 per week offers a reasonable yield baseline, but without verified body corporate records or a floor plan with dimensions, the true holding cost and livability cannot be fully assessed. Greater scrutiny is required around the specific positioning within the building โ€” the unitโ€™s comparative desirability and thus its price justification remain unconfirmed until that information is inspected.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 41/1 Surprize Place, Phillip ACT 2606
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

This suburb presents a nuanced opportunity, with its market currently in a corrective phase following a period of significant price adjustment. Recent trends indicate a softening in values, particularly for houses, while the unit market has demonstrated greater resilience. Demand appears anchored by investors, attracted by rental yields that remain comparatively robust, suggesting a steady income proposition despite the broader price recalibration. Future performance will hinge on the suburb’s ability to stabilise, with key constraints including a limited sales volume that can amplify market volatility and a lack of clear, proximate demand catalysts from major infrastructure or demographic shifts.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

1.56 acres

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat