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ACT › Braddon › Elouera St

421/1 Elouera St, Braddon ACT 2612

For saleApartment

$478,000–$488,000

For sale

Asking range

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $478,000–$488,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $478,000–$488,000(Listing record · 18 Mar 2026)
  • CalculationAsk is 74% below the Braddon median recorded sale ($1,830,000, n=5, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Braddon's advertised median rent ($495/wk), implied gross yield would be 5.38% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$478,000–$488,000

Asking range

No recorded sale for this property.

Braddon at a glance

7,489

People

$1,830,000

Median sale

$495/wk

Median rent

1.41%

Suburb gross yield

Median sale from 5 recorded sales (last 24 months) — a Districts calculation.

See the full Braddon report →

Vs Braddon

-73.9%

Median sale

Suburb $1,830,000

+3.97 pp

Gross yield

Suburb 1.41%

Suburb median $1,830,000 from 5 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$478,000
Stamp Duty (Australian Capital Territory)
$10,652
Transfer/Registration Fee
$496
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$492,848

$14,848 on top of the price (3.1% extra)

  • Stamp Duty (Australian Capital Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Australian Capital Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Braddon's advertised median rent — not a rent for this listing.

Net yield
3.88%
Annual cashflow (pre-tax)
$-6,286
Interest cover (DSCR)
0.75
Annual rent
$25,740
Operating expenses
$7,170
Loan amount
$382,400
Annual interest
$24,856
Gross yield
5.38%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$478,000–$488,000available18 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $495/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Braddon in one glance

Braddon at a glance

7,489

People

$1,830,000

Median sale

$495/wk

Median rent

1.41%

Suburb gross yield

Median sale from 5 recorded sales (last 24 months) — a Districts calculation.

See the full Braddon report →

Keep researching

  • Why Braddon? Read the area thesis →
  • What else is on the market in Braddon →
  • Other records on Elouera St →

Listing material

Listed by MARQ Property

'MIDNIGHT' - Impressive 2 Bedroom executive apartment - Walk to everything!

'MIDNIGHT' - "NEW PRICE" - Combining value, convenience and sophistication, this impressive 4th level, two bedroom executive apartment provides a great entry point into the popular Inner North and an easy care lifestyle in one of Canberra's most vibrant precincts. Featuring a sunny open plan design perfect for entertaining, plus a private entertaining terrace, this stylish property is perfect for the everyday professional. 'MIDNIGHT' provides a quality buying prospect and is perfectly positioned amongst very cool surrounds.

- Set in one of Canberra's most popular lifestyle precincts

- Located in the stylish 'Midnight' complex

Read the full description

- Modern interiors

- Located on level 4 with audio intercom access

- Spacious open plan design

- Double-glazed windows for comfort and energy efficiency

- Highly Energy Efficient (EER 6.0)

- Quality flooring, designer tapware

- Stylish window furnishings

- Sleek stone kitchen, quality SMEG appliances including dishwasher

- Generous master suite with large mirrored built in robe

- 2nd bedroom with mirrored built in robe

- Chic main bathroom with floor to ceiling tiles and quality fixtures

- Ducted reverse cycle air-conditioning (Heating and Cooling)

- European-style laundry with dryer included

- 58.35 sqm of internal living, 9.36 sqm entertaining terrace with views

- Combined 67.71 sqm in total (living and terrace)

- Loads of storage

- Entertaining terrace offering leafy views

- Secure basement single car accommodation, storage facility, lift access

- Resident facilities including 25m pool, well equipped gym and sauna

- Midnight Bar on ground level and Braddon Merchant restaurant

- low body corporate fees

- Close proximity to the light rail transport system and multiple bus lines

- Prime location, footsteps to CBD and many restaurants, cafes and bars, positioned in the heart of all the action

- Sinking fund: $290.65 per qtr.

- Strata fees: $722.80 per qtr.

Amazing Location:

- Midnight Bar in complex

- 50m to lightrail transport stop

- 50m to Bentspoke Brewing

- 50m to Blackfire Restaurant

- 60m to Preventive Dental

- 140m to Grease Monkey

- 150m to First Choice Liquor

- 150m to Waves Car Wash

- 150m to Lonsdale Street

- 160m to Rizla Restaurant

- 165m to EightySix

- 165m to Eighty/Twenty

- 170m to Sonoma Bakery

- 180m to Gelato Messina

- 240m to Peacemaker Saloon

- 250m to Hey Can Pool Hall

- 260m to Club Lime/Ground Up

- 270m to Assembly Bar

- 280m to Civic Pub

- 280m to Marble n Grain

- 430m to Hit Republic

- Many other cafes, restaurants, boutiques, services all within 5min walk

- 750m to Canberra Centre

- 2 min to choice of multiple service stations

- 4 min to O'Connor Shops

- 4 min to A.N.U.

- 5 min to Ainslie Shops

- 11 min to the University of Canberra

- 11 min to Calvary Hospital

- 11 min Canberra International Sports and Aquatic Centre (CISAC)

- 12 min to G.I.O Stadium

- 12 min to Canberra Airport

Brief Summary:

- Year of construction: 2019

- Internal living area: 58.35sqm

- Balcony: 9.36 sqm

- Total area: 67.71sqm

- EER: 6.0

- Rental Potential: $590 - $620 per week

- Land tax: (If investment) $423.25 per quarter (approx.)

- General Rates: $392.75 per quarter (approx.)

- Strata Fees: $722.80 per quarter

- Sinking Fund $ 290.65 per quarter

- Total combined $1013.45 per quarter (strata & sinking fund)

Seize the opportunity to call this executive apartment your own. In the popular Inner City location of Braddon, you'll be part of a thriving community, close to schools, shops, and parks. Your new life awaits in this fantastic property.

Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ Property does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.

Listing description written by Justin Taylor, MARQ Property — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.