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Offer
$395,000+

138/31 Wentworth Avenue, Kingston ACT 2604

Apartment1116.0
Block size: 1.1 Hectares approx.Apartment size: 66 m² approx.On floor: 3 of 3

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
Can I afford this property?

When to inspect

No open times scheduled
Contact agent to arrange an inspection.

Key details

Property Type:Apartment
Block Size:1.1 Hectares*
Apartment Size:66 *
Floor:3 of 3
*These are approximate values based on available information.

Past sales

Property History
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PURNELL

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Block information
Block size: 1.1Hectares (approx)
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What's nearby

Telopea Primary SchoolPrimary School
1km
Telopea High SchoolHigh School
1km
The Canberra HospitalHospital
5.3km
Canberra CentreMajor Shopping Centre
4km
Australian National UniversityUniversity
4.5km
Aust. Federal Police CollCollege
0.9km
Kingston Post OfficePost Office
0.3km
Canberra Institute Of TechnologyTafe
1.9km

Repayments calculator

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            Property history
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            You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
            Property History
            18 Sep 2017
            Sold
            Blackshaw Manuka
            A$360,000
            Contract: 18/09/2017
            Listed: 09/05/2017
            Days on market: 132
            Block size: 10952m²
            Transfer type: Full transfer
            22 Aug 2013
            Sold
            Private Lister
            A$350,000
            Contract: 22/08/2013
            Listed: 04/06/2013
            Days on market: 79
            Block size: 10952m²
            Transfer type: Full transfer

            Suburb and property insights

            Median salesMedian sales
            Median Sale Price For Kingston
            A$525,000
            Average Age
            33 years
            Population
            4,424
            Kingston's Property Profile
            Kingston's Occupancy

            Contact agents

            PURNELL

            PURNELL

            View agency details
            Nick PurnellPURNELL
            Ben GaldysPURNELL
            Please send me information on 138/31 Wentworth Avenue, Kingston ACT 2604
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            More sales listings from Nick Purnell

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            Listing ID: 178473995. This listing has been viewed 985 times. It was first displayed on 16/07/2020 and last updated on 04/08/2020.