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
