83/11 Trevillian Qy, Kingston ACT 2604

Sub-penthouse waterfront unit | 23m terrace | 3 bed, 2 bath, 2 car | Low energy rating | Mixed resident tenure This north-facing, absolute waterfront sub-penthouse presents a rare configuration of three bedrooms and expansive outdoor space within a building primarily offering smaller units. Its 23-metre terrace and lake views create a premium, owner-occupier oriented proposition distinct from the building’s typical investor stock. The unit serves a buyer seeking a low-maintenance, high-amenity residence in a central location, with two car spaces adding practical value uncommon in apartment living. Its estimated price sits above the suburb average for three-bedroom units, justified by its unique positioning. The property carries specific costs, primarily its very low energy efficiency rating which will translate to high ongoing utility expenses and potential future compliance costs. The modest historical growth rates within the building, alongside a resident base with high turnover, signal a market segment with more volatile demand than established houses. Proceed only if the lifestyle premium outweighs the compounded holding costs, targeting a long-term hold to mitigate transaction fees. Our advisory report provides the essential due diligence on its real market valuation, strata health, and locality-specific risks to secure your position. Recent sales in Building 11 show a clear premium for larger configurations. A three-bedroom unit previously sold for $2.02 million, while one- and two-bedroom units transacted between $530,000 and $675,000. This disparity confirms that this three-bedroom sub-penthouse occupies a distinct, higher-value tier within the complex, though its final price must be weighed against its lower energy performance and the building’s overall modest capital growth history.