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ACT › Braddon › Ipima St

U139, 10 Ipima St, Braddon ACT 2612

For saleApartment

$399,000

For sale

Asking

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $399,000(Listing record · 18 May 2025)
  • CalculationAsk is 78% 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 6.45% — 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

$399,000

Asking

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

-78.2%

Median sale

Suburb $1,830,000

+5.04 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

Purchase Price
$399,000
Stamp Duty (Australian Capital Territory)
$7,966
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
$411,162

$12,162 on top of the price (3.0% 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 Braddon's advertised median rent — not a rent for this listing.

Net yield
4.95%
Annual cashflow (pre-tax)
$-993
Interest cover (DSCR)
0.95
Annual rent
$25,740
Operating expenses
$5,985
Loan amount
$319,200
Annual interest
$20,748
Gross yield
6.45%

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

20242025$399k$399k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$399,000available18 May 2025
  2. Listed$399,000available24 July 2024

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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 6.5%. 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 Ipima St →

Listing material

Listed by Cercis Property

Elevate Your Living Experience in Braddon

Discover the next level of comfort and tranquility in this spacious one-bedroom apartment, larger than most, yet affordably priced. Positioned on the serene side of the 'Astin Residence' development, away from the hustle and bustle of Northbourne Avenue, this apartment offers an ideal retreat for those seeking a peaceful and private lifestyle.<br>Investment Opportunity: Additionally, this apartment presents a fantastic investment opportunity. Currently tenanted, it generates a weekly rent of $520, which is above the average for similar properties in the building, ensuring a strong return yield. The current lease is set to end on March 24, 2025, at which point you can choose to either move in or continue renting it out as an investment property.<br>Spacious and Functional Layout: The thoughtfully designed internal layout provides ample space in every room. The open-plan living and dining areas are perfect for daily relaxation and entertaining guests. Extend your living space to the quiet balcony, perfect for outdoor relaxation.<br>Gourmet Kitchen: The practical galley-style kitchen is equipped for home cooking with a large benchtop, ample preparation space, and seating for casual dining. It includes high-end appliances like an integrated dishwasher, built-in microwave, oven and cooktop, making meal preparation a pleasure.<br>Comfortable Bedroom: The spacious bedroom features private sliding door access to the balcony, a window for natural light, and a well-sized walk-in robe, providing a peaceful retreat for singles or couples.<br>Premium Location: Situated next to the iconic Rex Hotel, with the glamorous Howling Moon Bar offering stunning city views, you're just a short walk from the vibrant Lonsdale Street and City Centre, packed with restaurants, bars, clubs, and shopping venues. The convenient location also offers easy access to the Light Rail, O'Connor Shops, Turner Primary School, ANU, and the Dickson and Braddon precincts.<br>The property is currently rented at $520 per week under a periodic tenancy agreement, this property offers both strong rental return and enduring lifestyle value.<br>Summary of Features:<br>a Close to the Light Rail and Lonsdale & Mort Street<br>a Spacious open-plan living and dining areas<br>a Quiet entertainer's balcony<br>a NBN connection<br>a New reverse cycle air-conditioner<br>a Practical galley-style kitchen with large benchtop, built-in microwave, Bosch oven, and integrated dishwasher<br>a Ample pantry and cupboard space<br>a Internal laundry and storage room<br>a Spacious bedroom with balcony access and walk-in robe<br>a Stylish bathroom with full-height tiling and vanity unit<br>a Linen cupboard for extra storage<br>a Basement parking with storage cage and visitor parking<br>a Ready to move in and enjoy<br>Location Highlights:<br>a Ipima Light Rail<br>a Howling Moon Rooftop Bar<br>a O'Connor Shops (The Duxton, IGA, Flatheads & more)<br>a Turner Primary School<br>a City Centre & ANU<br>a Dickson & Braddon precincts<br>Key Figures:<br>a Living area: 60.6m<br>a Balcony: 8m

Listing description written by Otise Ouyang, Cercis 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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