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ACT › Deakin › Grose St

428/2 Grose St, Deakin ACT 2600

For saleApartment

$3,390,000–$3,590,000

For sale

Asking range

3

Bedrooms

3

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,390,000–$3,590,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,390,000–$3,590,000(Listing record · 29 Apr 2026)
  • CalculationIf it leased at Deakin's advertised median rent ($560/wk), implied gross yield would be 0.86% — 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

$3,390,000–$3,590,000

Asking range

No recorded sale for this property.

Deakin at a glance

3,251

People

No data

Median sale

$560/wk

Median rent

No data

Suburb gross yield

See the full Deakin report →

Total cost to purchase

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

Purchase Price
$3,390,000
Stamp Duty (Australian Capital Territory)
$153,906
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
$3,548,102

$158,102 on top of the price (4.7% 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 Deakin's advertised median rent — not a rent for this listing.

Net yield
-0.64%
Annual cashflow (pre-tax)
$-198,010
Interest cover (DSCR)
-0.12
Annual rent
$29,120
Operating expenses
$50,850
Loan amount
$2,712,000
Annual interest
$176,280
Gross yield
0.86%

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$3,390,000–$3,590,000available29 Apr 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 $560/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 0.9%. 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

Deakin in one glance

Deakin at a glance

3,251

People

No data

Median sale

$560/wk

Median rent

No data

Suburb gross yield

See the full Deakin report →

Keep researching

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

Listing material

Listed by LJ Hooker Manuka

Penthouse Living in Deakin�s Prestigious Inner South and Embassy Enclave

Crowning the tightly held Ambassador complex, this exceptional executive penthouse presents a rare fusion of scale, privacy and sophisticated design within one of Canberra's most exclusive Inner South addresses.

Set within Deakin's highly regarded diplomatic precinct, surrounded by embassies, government residences and blue chip homes, the setting offers a discreet and secure lifestyle where privacy is second nature and prestige is assured.

Occupying a prized corner position, the residence is distinguished by its expansive wraparound balcony extending the full length of one side of the apartment. This remarkable outdoor retreat has been thoughtfully curated for both grand entertaining and quiet relaxation, featuring an outdoor kitchen, multiple seating zones and generous space to host gatherings of any size.

Read the full description

From its elevated vantage point, the home commands sweeping views across some of Canberra's most iconic landmarks, including the Arboretum, lake views, Telstra Tower, Black Mountain and the Brindabella ranges Parliament house. Floor to ceiling glazing draws in abundant natural light, creating an immediate sense of openness and connection throughout the interiors.

Inside, the residence balances refined elegance with everyday functionality. Two separate living areas offer flexibility with real timber brush box flooring for formal and informal living, complemented by both formal and casual dining zones. The kitchen is beautifully appointed with stone benchtops, premium European appliances and a layout designed to support both daily living and effortless entertaining.

Accommodation is intelligently zoned with privacy and comfort and is fully air conditioned. The master suite is privately positioned, capturing elevated views and featuring a walk through robe and a luxurious ensuite complete with full sized bath, separate shower and separate toilet. Two additional well proportioned bedrooms are serviced by multiple bathrooms, ideal for family, guests or executive living. A discreet study nook provides a practical and quiet work from home solution.

Liveability is further enhanced by a full sized laundry, abundant internal storage, and an exceptional secure 2.5 car lock up garage. This oversized garage offers extensive additional storage. Garage offers access to a common property power outlet, with provision for EV or hybrid charging.

The Ambassador is renowned for its strong owner occupier community, beautifully landscaped grounds and premium resident amenities, including private lounge spaces, kitchen and dining facilities, and meticulously maintained communal gardens. High levels of security and discretion add to the complex's enduring appeal.

Despite its peaceful, setting, Deakin's everyday conveniences are less than 100 metres away, with some of the Inner South's best coffee shops, restaurant, gym, barber, grocery shopping and bus stops all close at hand. Woden and Civic are just minutes away.

A penthouse of this scale, quality and calibre is rarely offered in Deakin. This is a onetime only opportunity.

Features:

� True penthouse position crowning a tightly held, premium complex

� Expansive wraparound balcony with breath taking panoramic views across the arboretum, Telstra Tower, glimpses of lake Burley Griffin, Black Mountain, the Brindabella Ranges and Parliament house

� Purpose designed outdoor kitchen with multiple seating zones and outstanding entertaining capability

� Two separate living areas allowing for both formal refinement and relaxed everyday living

� Dedicated formal and casual dining spaces ideal for hosting and family life

� Designer kitchen finished with stone benchtops and premium European appliances

� Light filled interiors with excellent natural flow and seamless indoor outdoor connection

� Privately positioned master suite with elevated outlooks, walk through robe and luxury ensuite featuring full sized bath, separate shower and separate toilet

� Two additional generously proportioned bedrooms, ideal for family, guests or executive accommodation

� Multiple beautifully appointed bathrooms and separate toilets for added convenience

� Thoughtfully positioned study nook providing a quiet and practical work from home space

� Full sized laundry complemented by excellent internal storage

� Exceptional secure 2.5 car lock up basement garage with extensive additional storage

� Common property garage GPO available; suitable for EV/hybrid charging

� Intercom entry, lift access and a highly secure building environment

� Premium resident facilities including private lounge spaces, kitchen, dining areas and landscaped common gardens

� On site building management and a strong owner occupier community, enhancing long term appeal and security

� Unmatched convenience less than 100 metres to Deakin Shopping village well facilitated with caf�s, restaurants, gym, Pilates, newsagent, Pharmacy, florist, barber, grocery shopping, and transport to Woden and Civic minutes away.

� Easy access to nearby public transport options, with regular bus services connecting to the City, Parliamentary Triangle and surrounding Canberra suburbs.

Key Figures: (approximations)

EER: 3

Rates: $1,082pq

Strata: $7,564.56pq

Internal Living: 243sqm

Outdoor Living: 130sqm

Year Built: 2011

Rental Estimate: $1,200pw - $1,400 pw

Disclaimer:

While all care has been taken in compiling information regarding properties marketed for rent or sale, we accept no responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. All parties should rely on their own investigation to validate the information provided.

Listing description written by Stephen Thompson, LJ Hooker Manuka — 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.