Welcome to 702/2 Grazier Lane, Belconnen - a beautifully positioned one-bedroom apartment offering the perfect combination of convenience, lifestyle and investment potential in one of Canberra's fastest-growing and most vibrant districts.
Situated within the highly sought-after Grazier Lane precinct in Belconnen, this well-designed apartment presents an outstanding opportunity for first-home buyers, downsizers, professionals and investors alike. With its practical floorplan, spacious living area, vibrant surrounding amenities and unbeatable location, this is low-maintenance urban living at its best.
Best of all, the apartment is currently vacant and ready for immediate occupancy, giving buyers the flexibility to move straight in or lease the property immediately.
A Lifestyle Location That Truly Has Everything
One of the biggest strengths of this property is undoubtedly its exceptional location.
Grazier Lane has quickly become one of Belconnen's most popular lifestyle precincts thanks to its blend of convenience, lakeside atmosphere and vibrant community feel. Everything you need for comfortable day-to-day living is literally at your doorstep.
Located downstairs within the precinct are:
• Metro supermarket for everyday grocery shopping
• Asian grocery store for additional convenience
• Several popular cafés and restaurants
• Casual dining and takeaway options
Whether you're grabbing your morning coffee, picking up groceries after work or meeting friends for dinner, everything is just moments away.
The convenience continues beyond the building itself:
• Approx. 3-minute walk to Lake Ginninderra
• Approx. 7-minute walk to Westfield Belconnen
• Approx. 10-minute drive to Canberra CBD
Lake Ginninderra offers one of Belconnen's most enjoyable lifestyle experiences, with scenic walking paths, waterfront dining options and relaxing open spaces perfect for morning walks, evening strolls or weekend catch-ups with friends and family.
Meanwhile, Westfield Belconnen provides unmatched retail convenience with supermarkets, fashion retailers, cinemas, cafés, restaurants and essential services all within easy walking distance.
For professionals and students alike, the easy access to the CBD and surrounding employment hubs makes this location incredibly practical for daily commuting.
Smart Design with Comfortable Living Spaces
Inside, the apartment features a highly functional and square-shaped layout that maximises usable space and creates a comfortable living environment.
Unlike many smaller one-bedroom apartments, this home offers a genuinely spacious and open living area, providing excellent flexibility for furniture arrangement and everyday living. The layout flows naturally between the kitchen, dining and lounge spaces, creating a sense of openness and comfort throughout the apartment.
The living room extends seamlessly to the balcony, allowing for excellent indoor-outdoor connection and natural airflow.
Both the bedroom and living area face west, bringing warm afternoon sunlight into the apartment and creating a bright and welcoming atmosphere later in the day. The sunlight adds warmth and character to the home, making the living spaces feel especially comfortable and relaxing.
The bedroom itself is generously sized and includes built-in storage, while the bathroom is modern, practical and low-maintenance.
Overall, the apartment delivers exactly what many buyers are searching for - a practical, comfortable and easy-to-live-in home with no wasted space.
Vacant and Ready for Immediate Move-In
An increasingly valuable feature in today's market is flexibility - and this property delivers exactly that.
The apartment is currently vacant, meaning buyers can move in immediately without waiting for tenancy periods to end. For owner-occupiers, this provides the opportunity to settle in and enjoy the lifestyle straight away.
For investors, the property can also be leased immediately, with an estimated rental return of approximately $500 per week, offering strong rental appeal thanks to the location, transport access and surrounding amenities.
Belconnen continues to experience strong rental demand due to its proximity to the city, universities and major employment hubs, making this a smart long-term investment opportunity.
Low-Maintenance Lifestyle with Excellent Long-Term Appeal
This apartment perfectly suits buyers seeking a lock-up-and-leave lifestyle with minimal maintenance and maximum convenience.
Key Features
One bedroom | One bathroom | One secure car space
Vacant and ready for immediate move-in or leasing
Spacious and practical square-shaped floorplan
Large, light-filled living area with seamless balcony access
West-facing living and bedroom with excellent afternoon sunlight
Approx. 3-minute walk to Lake Ginninderra
Approx. 7-minute walk to Westfield Belconnen
Estimated rental return of approximately $500 per week
Property details:
Council rate: $430 p/q (approx.)
Strata: 631 p/q (approx.)
Land tax: $510 p/q (approx.)(Investor only)
Built: Year 2022
Living area: 50 m²
Balcony: 9 m²
Disclaimer:
While all care has been taken to ensure the accuracy of the information contained herein, Ruiz Property does not accept responsibility and disclaims all liabilities for any errors, omissions, inaccuracies or misstatements. All information provided is approximate only and should not be relied upon as a basis for making any formal decisions. Interested parties are advised to conduct their own enquiries and seek independent legal and financial advice.
Please note that the property may continue to be marketed and inspections may continue until contracts have been exchanged.
