724/335 Anketell Street, Greenway ACT 2900
724/335 Anketell Street, Greenway ACT 2900
Two-bedroom apartment | 6.4% gross rental yield | Flood overlay present | Within priority school catchments
This unit presents a compelling investment case based on its strong estimated rental yield and location within priority enrolment areas for established schools, which underpins tenant demand. The configuration of two bathrooms enhances its appeal in the rental market, serving investors seeking cash flow or owner-occupiers needing catchment access. Its position in a described desirable address within a residential zone offers stability.
The primary financial risk is the significant annual land tax liability if rented, which materially impacts net return. The detected flood overlay necessitates immediate specialist assessment for insurance costs and risk. Proceed only after a valuation adjusts for the size discrepancy and the flood overlay’s impact. A professional property report would quantify the precise market valuation, verify overlay implications, and detail the full holding cost structure.
Independent, Unbiased Research from our PropCred Analyst teamÂ
Market Insight:
Greenway presents a balanced entry point with a clear price differential between houses and units, attracting a younger demographic. Recent market conditions show houses transacting at a measured pace, while broader data suggests a national environment of elevated supply. Future growth will hinge on local infrastructure development and the suburb’s appeal to this core demographic, though it remains exposed to the prevailing market headwinds of increased seller activity.