This is one of those apartments that just makes sense.
Top floor. North-facing. Light-filled. Central Location but not full-on CBD living, elevated enough to feel calm when you're home.
This apartment has been thoughtfully refreshed with new carpet throughout, giving it that clean, move-in-ready feel. The open living space is comfortable year-round thanks to the north-facing aspect and split-system air conditioning in the living room, while the kitchen is practical and modern with an electric cooktop.
Storage and convenience are covered with a secure underground car space and a lockable storage cage on the balcony, ideal for bikes, boxes, or seasonal extras.
Step outside and you're moments from the caf�s, shops and everyday ease of the Gungahlin CBD. Morning coffee from Le Bon Melange, evening walks around Yerrabi Pond, and the tram nearby for a straight run into the city for weekend escapades.
For investors, this apartment presents a straightforward, opportunity with strong rental fundamentals. Offering 55sqm of internal living plus a 7sqm balcony, the layout is practical, and all the tenants needs are already taken care of with heating, cooling and storage, A consistently attractive property to tenants. With an estimated rental return of $430-$480 per week (approximately $22,360 - $24,960 per annum), there is the potential for a gross rental yield above 5%, depending on final purchase price and ongoing market conditions.
Approximate holding costs are as follows:
? Land tax: approx. $584 per quarter approx.
? Strata levies: approx. $805 per quarter approx.
? Rates: approx. $450 per quarter approx.
With steady tenant demand, manageable outgoings, and a format that historically performs well in the Gungahlin rental market, this is an investment that's easy to lease and straightforward to hold long-term.
It's a smart option for first home buyers, first-time investors, or mum-and-dad investors looking for something simple, well-located, and easy to hold long-term.
At a glance
? Top-floor apartment with a north-facing aspect.
? New carpet throughout
? Light-filled open-plan living and dining.
? Split-system heating and cooling in the living room.
? Kitchen with electric cooktop
? Secure underground car parking
? Lockable storage cage located on the balcony.
? Walk-to-everything location in the Gungahlin town centre.
? Close to caf�s, shops, transport and Yerrabi Pond
Numbers at a Glance
? Land tax: approx. $584 per quarter.
? Strata levies: approx. $805 per quarter.
? Rates: approx. $450 per quarter.
? Rental Appraisal approx.: $460 - $485 per week.
? Year Built: 2010
