$230,000
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40/101 Hennessy Street, Belconnen ACT 2617

Apartment
216.0
Apartment size: 45 m² approx.UV: $1,181,000 (2022)

Affordable and high yielding investment property in the heart of Belconnen

*PLEASE NOTE THIS OFFERING CAN NOT BE LIVED IN - INVESTMENT OPPORTUNITY OR UNI STUDENT*

*This property will be shown by private inspection only*

Enter the investor market with this affordable, low maintenance 2 bedroom apartment with attractive rental returns. Become one of many satisfied investors in the Unigardens complex with a strong history of low vacancy thanks to this enviable position.

Situated within the 'UniGardens' this apartment presents an excellent cash positive investment opportunity. The apartment obtains 2 bedrooms, 2 built-in robes and a practical yet spacious bathroom that caters both rooms. The open-plan living and dining area opens to a large terrace area allowing a pleasant living space with natural light.

Boasting exceptional accessibility, with public transport right at your doorstep. It's just minutes away from renowned institutions such as the University of Canberra and the Canberra Institute of Technology, as well as popular amenities like Westfield, Belconnen Town Centre, and CISAC. This presents an ideal opportunity for an investment that requires minimal management and promises steady returns.

Features:
Currently managed by Uni Gardens.
Currently in occupancy agreement until January 31st of 2025 for $440 per week
Open plan living area
Spacious kitchen with electric appliances
Ceiling fans in the bedrooms
2 bedrooms
Covered terrace area
Facilities include a large reading room, billiards room, laundry & dining hall
Bus stop located directly out the front
Close proximity to UC, CIT, Belconnen Town Centre & CISAC
Low maintenance investment property
Affordable entry level option for investors

Key figures:
• Living: 45m2
• Balcony: 6m2
• Body Corporate: $2,848 p.a (approx.)
• Sinking Fund: $936 p.a (approx.)
• Rates: $1,440 p.a (approx.)
• Land Tax: $1,696 p.a (approx.)
• EER: 6
• Build: 2010

Please Note: Whilst all care has been taken by Ray White Canberra to ensure accuracy in the preparation of the particulars herein, no warranty or representation, express or implied, as to the accuracy or completeness of the particulars provided is made or given by us and interested parties must therefore rely on their own enquiries. Liability for any error, omission, negligence or misrepresentation is hereby excluded.
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast

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Key details

Bedrooms:
2
Bathrooms:
1
Property type:
Apartment
EER:
6
Unimproved Value:
$1,181,000 (2022)

Other Details

Block:
4
Section:
105
Apartment Size:
45 *
Rates (Residential):
$6,522*
Rates (Commercial):
$61,671*
Rates (Rural):
$1,343*
Land Tax (Residential):
$14,124*
Legal description:
BELC/BELC/105/4
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
Ray White Canberra

Maps and area information

Land Details
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Block information
Block 4 Section 105 Belconnen
Unimproved value: $1,181,000 (2022)
Legal description: BELC/BELC/105/4
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Nearby sales

Looking to compare sales prices?

We found 21 apartments with 2 bedrooms that just sold near 40/101 Hennessy Street Belconnen

What's nearby

St Vincent's Primary SchoolPrimary School
1.1km
Canberra High SchoolHigh School
0.7km
Calvary Private HospitalHospital
1.7km
Jamison CentreMajor Shopping Centre
0.7km
University Of CanberraUniversity
1.6km
Lake Ginninderra CollegeCollege
0.8km
Jamison Post OfficePost Office
0.6km
Aust. Defence AcademyTafe
9.6km

Property history

We couldn't find any history for this property.
See Belconnen's suburb profile

Belconnen suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
30 years
Population
8,502
Unimproved value for Belconnen
$1,181,000
Listing ID: 182527815. This listing has been viewed 3371 times. It was first displayed on 16/05/2024 and last updated on 20/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.