SoldSep 7, 2020

138/31 Wentworth Ave, Kingston, ACT, 2604

$396,000

1
1
1
66 m²

Apartment

30+ days on the market

Sold: Sep 7, 2020

What's around 138/31 Wentworth Ave

High return available - over 7% yield

Located on the top floor of the 'Gateway' development on the Kingston Foreshore, this well-appointed one-bedroom apartment is presented beautifully. Gateway is positioned perfectly as its halfway between the amenities of the Kingston Foreshore and the Old Kingston Shops. This means that you are walking distance so some of Canberra's best bars and eateries, the soon to open Supabarn supermarket, Parliament House, Russell Offices and Lake Burley Griffin. From the moment you step inside you will be impressed with the functional layout and the pristine condition that the property is presented in. The property is flooded with both morning an afternoon sun due to the fact that it has windows on two sides and this also allows for cross-ventilation in the summer months. Number 138 would be ideal for an owner occupier looking to secure a home in a fantastic location so that they can enjoy the local lifestyle or an investor looking to capitalise on a very high rate of return. The property is currently rented as a fully-furnished rental for $540 per week which depending on your borrowing situation means it has the ability to be positively geared. A host of updates including LED downlights throughout, new stainless steel dishwasher, recently updated dryer refreshed paint and carpet, all leaving the investor or owner occupier with nothing to spend. In summary: North-east aspect to the balcony Great Foreshore location half way between the lake and the old Kingston Shops High rate of return - rented at $540 per week Fantastic condition Spacious layout Neighbour only on one side

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