73/1 Surprize Place, Phillip ACT 2606

2 bed, 2 bath unit in Phillip | Secure car space | High EER 6 | Strong rental demand | FTTP & 5G ready This unit presents a competitively efficient entry into the Phillip market, distinguished by its two-bathroom configuration which is a relative scarcity for a two-bedroom apartment and directly serves the professional renter or investor seeking low-maintenance accommodation. Its established tenancy at a solid weekly rate underscores immediate income viability, while the high energy efficiency rating and modern connectivity infrastructure translate to lower holding costs and appeal for a tech-engaged tenant demographic. The property is best suited for an investor targeting a stable yield or an owner-occupier prioritizing convenience and operational economy. Decision hinges on the strata context of a large, multi-unit block and the associated quarterly outgoings, which demand careful scrutiny of capital works funds and by-laws. The commercial logic is clear: secure a turnkey property with demonstrated rental performance in a well-serviced location, but model cash flow inclusive of all levies and taxes. Acquire as a long-term hold to benefit from precinct growth, using a Propcred report to pressure-test the listed price against true comparable sales and to audit strata health, locality-specific risks, and insurability. Recent sales at 1 Surprize Place provide a direct benchmark. Unit 56, a one-bedroom configuration, sold for $450,000, contextualizing this two-bedroom offering. A contract on another property in the same street at $580,000 in early 2026 further anchors the value proposition, suggesting the subject property’s price point is positioned within the established range for the complex.