810/241 Northbourne Avenue, Lyneham ACT 2602

810/241 Northbourne Avenue, Lyneham ACT 2602
Level 8 unit with rooftop pool | Short walk to ANU and city | South-facing balcony, ducted air | One car space included The level 8 position with lift access, rooftop pool, and ducted reverse-cycle air conditioning are features that are considered above basic for a one-bedroom unit in Lyneham. The location on the Northbourne Avenue corridor is noted for exceptional walkability to ANU, the city, and inner-north cafรฉ precincts. The inclusion of a basement car space and storage cage is seen as adding practical value. First-home buyers, young professionals, and investors are best served by this property, seeking low-maintenance, amenity-rich living near transport and employment hubs. The modern build quality and open-plan layout are considered enhancing its appeal. The south-facing balcony may be seen as limiting natural light, and the property’s position on a busy corridor could be associated with traffic noise. The value is also linked to the broader apartment market without land ownership, so long-term growth potential might differ from houses. Verifying strata levies and building age is advised before forming a view on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 810/241 Northbourne Avenue, Lyneham ACT 2602
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Market Insight:

Lyneham presents as a well-located North Canberra suburb with strong transport links, appealing to a mix of young professionals and investors. Demand is driven by its high proportion of renters and single-person households, creating a steady investment market for both houses and more affordable units. Recent price trends show a softening house market with mixed signals, while units offer higher rental yields in a tight rental environment with low vacancy. Future growth is supported by ongoing sales activity, though sensitivity to interest rates and varying price performance present notable market constraints.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

63mยฒ

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