FOR SALE
$225,000 (Investor or student purchase only)

40/101 Hennessy Street
Belconnen ACT 2617

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 45m2
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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
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Property Details for 40/101 Hennessy St, Belconnen

40/101 Hennessy St, Belconnen is a 2 bedroom, 1 bathroom Apartment. The property has a floor size of 45m2. The place is currently for sale with Ray White Canberra.

Building Type
Apartment
Floor Size
45m2

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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 5,937 properties. Over the last 5 years, Houses in Belconnen have seen a 21.44% increase in median value, while Units have seen a 36.36% increase. As at 31 August 2024:

  • The median value for Houses in Belconnen is $509,476 while the median value for Units is $505,779.
  • Houses have a median rent of $565 while Units have a median rent of $540.
There are currently 64 properties listed for sale, and 44 properties listed for rent in Belconnen on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Belconnen.

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Joshua Gutierrez
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Ray White Canberra
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