203/259 Northbourne Avenue, Lyneham ACT 2602

Positioned within the beautifully reimagined Owen Flats, this renovated one-bedroom apartment combines the enduring strength of mid-century brick construction with contemporary style and convenience - all just moments from the light rail, ANU, and Canberra's city centre.

Originally constructed between 1959 and 1962, Owen Flats stands as a testament to Canberra's architectural heritage. Fully renovated in 2021, the building now enjoys a 6-star energy efficiency rating - the highest possible - and offers a unique combination of quality, history, and enduring value. Inside, the apartment feels fresh and functional, with an open-plan layout, quality finishes, and abundant natural light throughout.

For investors, the numbers make sense: with a rental appraisal from $430 to $460 per week and an asking price of $369,000, this property presents a rare chance to secure a high-performing asset in a blue-chip Inner North location. Low strata fees and the strength of the construction further add to its long-term appeal.

Whether as a first home or a smart addition to an investment portfolio, this apartment delivers both style and strategy in one of Canberra's most connected precincts.

Owners' Favourite Part: It's been the easiest investment - low costs, no issues, and always strong rental demand.