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ACT › Lyneham › Northbourne Ave

U114, 349 Northbourne Ave, Lyneham ACT 2602

For saleApartment

$595,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $595,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $595,000(Listing record · 20 Mar 2025)
  • CalculationAsk is 51% below the Lyneham median recorded sale ($1,215,000, n=9, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lyneham's advertised median rent ($425/wk), implied gross yield would be 3.71% — 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

$595,000

Asking

No recorded sale for this property.

Lyneham at a glance

6,032

People

$1,215,000

Median sale

$425/wk

Median rent

1.82%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Lyneham report →

Vs Lyneham

-51.0%

Median sale

Suburb $1,215,000

+1.89 pp

Gross yield

Suburb 1.82%

Suburb median $1,215,000 from 9 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$595,000
Stamp Duty (Australian Capital Territory)
$15,504
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
$614,700

$19,700 on top of the price (3.3% 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

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

Net yield
2.21%
Annual cashflow (pre-tax)
$-17,765
Interest cover (DSCR)
0.43
Annual rent
$22,100
Operating expenses
$8,925
Loan amount
$476,000
Annual interest
$30,940
Gross yield
3.71%

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$595,000available20 Mar 2025

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 $425/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 3.7%. 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

Lyneham in one glance

Lyneham at a glance

6,032

People

$1,215,000

Median sale

$425/wk

Median rent

1.82%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Lyneham report →

Keep researching

  • Why Lyneham? Read the area thesis →
  • What else is on the market in Lyneham →
  • Other records on Northbourne Ave →

Listing material

Listed by NBHD Agency

NBHD Presents - 2 BDRM Apartment in Lyneham

Welcome to the NBHD, let us show you around!

Perched on the first floor of the 'The Sullivan' at Northbourne Village, this stylish Apartment offers an unbeatable location in the heart of Lyneham. Whether you're searching for a rock-sold investment or a new place to call home, this east facing Apartment blends lifestyle and convenience with ease.

Be welcomed inside into the thoughtfully designed kitchen, where style meets practicality. A sleek grey stone benchtop provides ample space to unleash your inner chef, complimented by a double sink, Fisher & Paykel induction cooktop, oven, and dishwasher. Crisp white cabinetry ensures plenty of storage, keeping everything effortlessly tidy. As you cook up a storm, stay connected with guests in the generous open-plan living area—or take the party outside to the spacious private balcony for sunset drinks. With floor-to-ceiling double-glazed windows throughout, natural light floods the space, creating a bright and airy atmosphere. The two well-proportioned bedrooms are cleverly positioned for privacy, both featuring built-in wardrobes and an abundance of natural light. The two modern bathrooms exude understated luxury, with floor-to-ceiling tiles in a calming neutral palette.

Read the full description

And the perks don’t stop there. This Apartment comes with two secure garage spaces and seamless access to transport right at your doorstep—because convenience isn’t just a buzzword here. Stay active in the private gym, unwind in the nearby parklands, or take full advantage of Lyneham’s city-fringe lifestyle. Hop on the Canberra Light Rail for an easy commute (because everyone needs that work-life balance), indulge in some retail therapy at The Canberra Centre, or treat yourself to the city’s renowned cafés and restaurants. Feeling sporty? Ainslie Oval and the Dickson Pool are just minutes away for some active fun. Looking for a vibrant nightlife? Braddon’s buzzing social scene has you covered. For families, great schooling options like Blue Gum Preschool, Lyneham Primary School, and Daramalan College are all within easy reach—because school drop-offs should be stress-free.

With the perfect balance of urban energy and relaxed living, this Lyneham Apartment truly ticks all the boxes. The only question is: when are you moving in?

PPTY Highlights:

East facing Apartment with natural light

Open plan kitchen and living

Fisher & Paykel appliances

Ducted reverse-cycle air conditioning

Floor-to-ceiling, double glazed windows

Video Intercom access

2 secure car spaces

Private gym & communal courtyard

NBHD Highlights:

Lyneham High School 400m

Daramalan College 550m

Blue Gum Preschool 750m

Lyneham Primary School 1.1km

Ainslie Football & Social Club 1.2km

Dickson District Playing Fields 2km

Dickson Pool 2.5km

The Canberra Centre 3km

Enquire with our team today to make this Apartment yours and join the Lyneham NBHD.

Listing description written by Alen Perkovic, NBHD Agency — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Gym
  • Intercom
  • Secure Parking

Also look at

Also for sale in Lyneham

  • U314, 253 Northbourne Ave, Lyneham ACT 2602

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  • U805, 349 Northbourne Ave, Lyneham ACT 2602

    2-bed apartment. Asking $635K.

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  • The Sullivan Northbourne Ave, Lyneham ACT 2602

    1-bed apartment. Asking $470K.

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  • U614, 253 Northbourne Ave, Lyneham ACT 2602

    2-bed apartment. Asking $595K.

    For sale
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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.