617/74-76 Northbourne Avenue, Braddon ACT 2612

Large 1-bedroom layout | Dual balcony access | Inner-city lock-and-leave | Spa & city views | High yield potential This unit presents a competitively strong proposition due to its above-average internal size and dual balcony access, a rare configuration that enhances liveability and rental appeal in the one-bedroom segment. Its proven investment track record, high rental yield relative to the suburb, and views to Black Mountain position it optimally for professionals seeking convenience or investors targeting both long-term and short-term rental markets. The full-size kitchen and in-unit laundry further distinguish it from typical compact offerings. The decision hinges on managing specific risks: the discrepant floor level notation requires immediate clarification, and the suburb’s slight value decline and high holding costs, evidenced by substantial rates and land tax, compress cash flow. However, the July 2019 purchase at $370,000 establishes a firm base, and the current price estimates align with recent comparable sales. The commercial logic favours an investor leveraging its Airbnb appraisal; a buyer for owner-occupation should only proceed if the premium for space and spa justifies the suburb’s price volatility. Recent comparable sales data indicates a supportive market level. A nearby one-bedroom unit sold for $380,000, which anchors the lower end of this property’s estimated range of $420,000-$460,000. This suggests the asking premium is directly attributable to this specific unit’s larger footprint, superior finishes, and enhanced amenities.