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ACT › Lyneham › Wattle St

U17, 60 Wattle St, Lyneham ACT 2602

For saleApartment

$399,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

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 · 7 May 2026)
  • CalculationAsk is 67% 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 5.54% — 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.

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

-67.2%

Median sale

Suburb $1,215,000

+3.72 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
$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 Lyneham's advertised median rent — not a rent for this listing.

Net yield
4.04%
Annual cashflow (pre-tax)
$-4,633
Interest cover (DSCR)
0.78
Annual rent
$22,100
Operating expenses
$5,985
Loan amount
$319,200
Annual interest
$20,748
Gross yield
5.54%

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$399,000available7 May 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 $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 5.5%. 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

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 Wattle St →

Listing material

Listed by Archer Canberra

Inner-North Ease - Leafy Views - Updated Two-Bedroom Comfort

Set within the leafy surrounds of Lyneham, perched on level 3, this warm and inviting two-bedroom apartment carries a gentle sense of calm from the moment you arrive. Mature trees, soft garden pathways and the quiet character of Wattle Street create a peaceful setting, while Lyneham's much-loved lifestyle sits beautifully close by.

Inside, the home feels light, relaxed and easy to settle into. Timber-look flooring brings warmth underfoot, while white brick feature walls and wide windows add texture and natural light. The open-plan living area is softly framed by greenery outside, creating a quiet everyday space for morning coffee, slow evenings and simple, comfortable living.

The kitchen has been thoughtfully updated with timber benchtops, open shelving, subway tiling, electric cooking, dishwasher, rangehood and a breakfast bar that connects naturally with the living area. It is compact, practical and full of charm - the kind of kitchen that feels right at home in an apartment with this much character.

Read the full description

Both bedrooms are well positioned away from the main living space, with the main bedroom opening to its own private balcony. Framed by a leafy outlook, it is a lovely little retreat - a place for fresh air, filtered light and a moment of quiet at the end of the day. The bathroom is also updated, includes laundry facilities, with a separate shower and fresh, simple finishes.

Peaceful, updated and full of warmth, this is a beautiful opportunity for first-home buyers, downsizers or investors seeking a character-filled apartment in one of Canberra's most connected inner-north locations.

Features

• Warm open-plan living and kitchen area

• White brick feature walls adding texture and character

• Updated kitchen with timber benchtops

• Breakfast bar with casual seating

• Electric cooking, rangehood and dishwasher

• Open shelving and practical kitchen storage

• Main bedroom with built-in wardrobe

• Private balcony off the main bedroom

• Leafy outlook from the living area and bedrooms

• Updated bathroom and laundry

• Leafy communal garden surrounds

• Close to Lyneham shops, Dickson, Braddon, light rail and the city

• Ideal for first-home buyers, downsizers and investors

Particulars (all approx.)

Living: 52 m2+ Balcony: 3 m2

Total: 55 m2

Year Built: 1974

Strata: $840/quarter (including sinking funds)

Rates: $615/quarter

Current Lease: $495/week till Aug 10th 2026

EER: 1.5

DISCLAIMER

We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits. Any figures and information contained in this advertisement are approximate and a guide only and should not be relied upon for financial purposes or taken as advice of any nature. Individuals, Self-Managed Super Funds, companies, anyone or entity, should make their own inquires and seek their own advice and rely only upon those inquiries and advice.

Archer does not guarantee the accuracy of the information above and are not financial advisers or accountants and do not provide any of the above information as advice of any nature

Listing description written by Alex Wang, Archer Canberra — 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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