Back 48/47 Mowatt Street
Off Market

48/47 Mowatt Street

Queanbeyan East NSW 2620

2
2
2
83 m²
Apartment
Last sold for $555,000
Kylie MaxwellKylie Maxwell, last sold this property on 15 February 2026 after 19 days on market.

Overview

Great Investment Opportunity – DHA Lease in Place

Secure a quality, low-maintenance investment with this DHA-leased two-bedroom apartment, ideally positioned on the top floor of the highly regarded Elysium complex. Offering peace of mind, strong tenant appeal and a proven location, this property represents a smart addition to any investment portfolio. Bright, airy and filled with natural light, the apartment enjoys large windows and an elevated position captures a stunning outlook across the landscaped surrounds and well maintained gardens and communal entertaining areas. The open-plan living and dining area is beautifully light-filled and flows effortlessly to a sundrenched covered terrace, creating the perfect extension of the living space and an inviting setting for alfresco dining or relaxed entertaining. The contemporary kitchen is well appointed with stone benchtops, electric cooking, a dishwasher, generous storage and a functional layout that complements the modern design. Both bedrooms are fitted with built-in robes and are serviced by two stylishly appointed bathrooms, offering comfort and practicality for long-term tenancy. Additional features include a European laundry, large linen cupboard, custom window furnishings, intercom security and split system reverse-cycle air conditioning in the living area. Secure parking is provided for two cars, with additional visitor parking available within the complex. Residents also enjoy access to outstanding facilities including a 25-metre heated swimming pool, BBQ entertaining area and a children's playground, all set amongst beautifully maintained gardens that enhance the overall appeal of the development. Convenience is assured with buses at the doorstep and Queanbeyan CBD just 1.2km away, ensuring easy access to shops, cafes, services and employment hubs. With a DHA lease in place and a location that continues to attract strong demand, this is a compelling opportunity for investors seeking stability, quality tenants, guaranteed rental return and long-term value. DHA Lease Until 2027+3yr option Weekly Rental $585.00 per week Rates $2,652 p/a Strata $1,159.78 p/q Size Living 83m2 A high-quality, set-and-forget investment in a tightly held complex. Inspections by Appointment only Disclaimer: Whilst all care has been taken to ensure the accuracy of the information provided, neither the vendor nor the agent makes any representation or warranty as to its correctness. Prospective purchasers should rely on their own enquiries and investigations, and no liability is accepted for any inaccuracies, errors or omissions.

Features

2 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
83 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Queanbeyan East over the last 12 months, the estimated median property value of 48/47 Mowatt Street is $387k.

Median value
$387k
Estimated value range
$305k - $595k
Median days on market
43
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Queanbeyan East. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 48/47 Mowatt Street

2026
Sold
$555,000
Private Sale/Treaty on 15 Feb 2026 by Kylie Maxwell, of The Property Collective

Happy sellers in Queanbeyan East

83%
83% of sellers in Queanbeyan East reported that their sale price either exceeded or met their price expectations.

Queanbeyan East stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 37 reviews in Queanbeyan East over the last 12 months.

Local market activity for 2 bedroom apartments in Queanbeyan East

In the last 12 months, 25 two-bedroom apartments similar to 48/47 Mowatt Street, have been sold.

This represents a 160% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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