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Back 56/40 Swain St
Off Market

56/40 Swain St

Gungahlin ACT 2912

1
1
1
89 m²
Unit
Last sold for $255,000
Mathew KocicMathew Kocic, last sold this property on 22 October 2025 after 14 days on market.

Overview

Stylish Unit in Prime Gungahlin Location

Presenting an excellent opportunity to embrace cosmopolitan living in a vibrant and rapidly developing suburb. Situated on the ground floor, this residence offers a thoughtfully designed open-plan layout that maximizes natural light and space. Quality finishes throughout enhance both comfort and style, making it ideal for entertaining guests or enjoying quiet relaxation. A standout feature of this property is the expansive wrap-around courtyard measuring approximately 43 square meters. This outdoor area provides ample space for gardening, alfresco dining, or simply unwinding in a private setting-an uncommon find in apartment living. The single bedroom is well-proportioned and complemented by a modern bathroom and convenient off-street parking. The location further adds to the appeal of this home. Positioned just a short stroll or bike ride from Gungahlin's bustling shopping and commercial centre, residents benefit from easy access to retail outlets, cafes, restaurants, and essential services. The suburb's fast-developing CBD ensures ongoing growth potential while maintaining strong connectivity options including car travel and bus routes to Canberra city. Additionally, with the upcoming expansion of light rail services nearby, commuting will become even more convenient. Whether you are a first home buyer looking to enter the market with an affordable yet stylish option; an owner-occupier seeking low-maintenance urban living; or an investor aiming for solid rental returns in a sought-after location-this property represents exceptional value. Don't miss your chance to secure this attractive apartment that combines lifestyle convenience with practical features in one of Canberra's most dynamic suburbs. DISCLAIMER: This complex has taken out a $4.6 million loan for rectification works including rust remediation, waterproofing, balcony and tiling repairs, balustrade upgrades, and basement works. This loan has resulted in a loan repayment levy of approximately $2,600 per quarter (around $10,000 per annum), which is expected to continue for the next 13 years. The Features You Want To Know… - One-bedroom, one-bathroom, one car-space apartment - Large wrap-around courtyard - Thoughtfully designed open-plan layout maximizing natural light and space - Sizable bedroom with built-in robe and access out to courtyard - Terrific location, within the heart of Gungahlin The Location… + 2-minute drive to Gungahlin Village + 2-minute drive to Yerrabi + 2-minute drive to the Yerrabi Pond District Park + 5-minute drive to the Light Rail Station The Stats You Need To Know… + Living size: 46m2 (approx.) + Courtyard: 43m2 (approx.) + Total Build:89m2 + Built: 2011 + EER: 5.0 + Water: $200p.q. + Rates: $438p.q. (approx) + Land Tax: $555p.q. (approx. applicable only when rented) + Body Corporate: $663p.q. (approx.) + Sinking Fund: $206.97p.q. (approx.) + Special Levy: $2,617.20p.q. (approx.)

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
89 m² floor area
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Gungahlin over the last 12 months, the estimated median property value of 56/40 Swain St is $324.5k.

Median value
$324.5k
Estimated value range
$255k - $365k
Median days on market
66
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Gungahlin. 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 56/40 Swain St

2025
Sold
$255,000
Private Sale/Treaty on 22 Oct 2025 by Mathew Kocic, of Carter and Co Agents
2024
Rented
Undisclosed
Leased on 30 Sep 2024 by Canberry Properties
2023
Rented
Undisclosed
Leased on 06 Sep 2023 by Canberry Properties

Happy sellers in Gungahlin

80%
80% of sellers in Gungahlin reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 61 reviews in Gungahlin over the last 12 months.

Local market activity for 1 bedroom units in Gungahlin

In the last 12 months, 8 one-bedroom units similar to 56/40 Swain St, have been sold.

This represents a 13% increase in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Gungahlin

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Alex Wang

Sellers who recommend Alex Wang have praised them for being clear communication, local expert, responsive, reliable, supportive, well-prepared and dedicated

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Sam Dyne

Sellers who recommend Sam Dyne have praised them for being clear communication, local expert, responsive, supportive, friendly, dedicated and honest

  •   5   (181 reviews)
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Kostya Logvinov

Sellers who recommend Kostya Logvinov have praised them for being clear communication, local expert, honest, supportive, friendly, great negotiation and responsive

  •   4.9   (456 reviews)
  •  4 Reviews in Gungahlin
  •  5 Sales in Gungahlin
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Sohail Awan

Sohail Awan is a recommended agent for Gungahlin.  They have 3 local sales and collected 5 local reviews across the last 12 months.

  •   5   (42 reviews)
  •  5 Reviews in Gungahlin
  •  3 Sales in Gungahlin
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