FOR SALE
$350,000

26/101 Hennessy Street
Belconnen ACT 2617

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
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Calling all students and investors!

Please note: The property can only be occupied by students. The property is due to be tenanted on the 28th of June for 12 months for $550 per week which would yield approximately 8.17% gross.
UniGardens is ideally located in the heart of Belconnen, with public transport at the front door and only minutes away from University of Canberra, Belconnen Town Centre, Belconnen Markets and CISAC. This property provides a unique opportunity to set and forget, having the option of on site management, high rental yield and low vacancy rates. This is a property you will want to keep in your portfolio for years!!
The 3 bedroom dual key apartment comprises of 3 bedrooms, which all have their own unique key access and one also complete with an ensuite, and a shared kitchen, family room, bathroom and private balcony. This is an attractive investment opportunity with options to rent it as a whole or, alternatively, rent each bedroom separately as they all have unique locks. The apartment recently provided an exceptional rental return of $550 per week, and a current rental appraisal can be provided upon request.
Features Include:
Secure building
Functional kitchen
3 bedrooms all with unique access and one with ensuite
Well appointed bathroom
Balcony
Option of an on-site building manager
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Property Details for 26/101 Hennessy St, Belconnen

26/101 Hennessy St, Belconnen is a 3 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 77m2. The place is currently for sale with Ray White Canberra.

Building Type
Apartment
Floor Size
77m2

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About Belconnen 2617

The size of Belconnen is approximately 4.4 square kilometres. It has 6 parks covering nearly 26.3% of total area. The population of Belconnen in 2011 was 4,437 people. By 2016 the population was 6,644 showing a population growth of 49.7% in the area during that time. The predominant age group in Belconnen is 20-29 years. Households in Belconnen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belconnen work in a professional occupation. In 2011, 33.8% of the homes in Belconnen were owner-occupied compared with 29.2% in 2016.

Belconnen has 5,929 properties. Over the last 5 years, Houses in Belconnen have seen a 12.34% increase in median value, while Units have seen a 31.83% increase. As at 30 September 2024:

  • The median value for Houses in Belconnen is $500,027 while the median value for Units is $495,482.
  • Houses have a median rent of $550 while Units have a median rent of $540.
There are currently 62 properties listed for sale, and 44 properties listed for rent in Belconnen on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Belconnen.

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Jake Battenally
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Robert Nepomuceno
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Ray White Canberra
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