148 Monaro Crescent, Red Hill, ACT 2603

Positioned in one of Red Hill's most tightly held pockets, this rare opportunity presents three self-contained apartments within a single complex. Set along the prestigious Monaro Crescent, it offers a solid foundation for long-term growth, whether held as a blue-chip investment, stylishly renovated to elevate returns, or redeveloped to your liking.

Property Overview

* Three separate, self-contained apartments on one title

* Total estimated rental income: Circa $90,000 per annum

* Premium location in one of Red Hill's most tightly held streets

* Outstanding potential for investment, renovation, or redevelopment

Unit One - Elevated Living

Occupying the entire top floor, this spacious residence captures a leafy, elevated outlook. A generous living area opens to a full-width balcony, ideal for entertaining, while the dining and kitchen are thoughtfully positioned for everyday ease. Three bedrooms are tucked down a private hallway, with the primary bedroom enjoying both an ensuite and balcony access.

* Three bedrooms, two bathrooms

* Expansive balcony with elevated outlook

* Estimated lease: $800 per week

Unit Two – Practical Comfort

The first ground-floor apartment delivers convenience and practicality. A well-proportioned living room welcomes natural light through a wide window, flowing seamlessly to a generously sized kitchen. Down the hallway, a large primary bedroom and neatly appointed bathroom complete the layout.

* One bedroom, one bathroom

* Light-filled living space

* Currently leased: $470 per week

Unit Three – Low-Maintenance Ease

The second ground-floor apartment is designed for simple, low-maintenance living. A cosy living area connects to a compact kitchen, while the spacious bedroom enjoys easy access to the bathroom. Ample storage off the living room adds to the practicality.

* One bedroom, one bathroom

* Functional layout with built-in storage

* Estimated lease: $450 per week

Location – Lifestyle Meets Longevity

Red Hill is renowned for its natural beauty, tree-lined streets, and timeless prestige. Residents enjoy easy access to Red Hill Nature Reserve for weekend hikes or morning strolls, while vibrant dining and boutique precincts in Manuka and Kingston are just minutes away. Top schools, including Canberra Grammar and Red Hill Primary, add to the desirability. With the CBD only 13 minutes by car, this location combines connectivity, lifestyle, and enduring value.

* SupaExpress – 5-minute walk

* Kingston – 7-minute drive

* Manuka – 7-minute drive

* Canberra Outlet Centre – 9-minute drive

* Wide shared lawns and a communal laundry complete the complex

Property specifics

• Land area: 767sqm (apx.)

• Living area: 234.72sqm (apx.)

• Unimproved land value: $1,280,000 (2025)

• Rates: $7,100 (apx.)

• Land tax: $15,288 (apx.) only applicable if the property is tenanted

• Energy efficiency rating: 1.5 stars

Please note that the images that are advertised have been virtually styled and enhanced.

Disclaimer: All care has been taken in the preparation of this marketing material, and details have been obtained from sources we believe to be reliable. Blackshaw do not however guarantee the accuracy of the information, nor accept liability for any errors. Interested persons should rely solely on their own enquiries.