FOR SALE
$1,275,000

12 Fong Lim Way
Denman Prospect ACT 2611

Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Floor area: 197m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Calling All Investors

Designed by Mather Architecture and constructed by Elevated, this unique opportunity is perfect for anyone looking for a hassle free investment property. After construction is complete in less than 60 days, the developers would like to rent back this townhouse as a display for two years with additional leases on offer. You can benefit from the attractive weekly rent of $1,200 while receiving gradual rental increases of 3% annually. This ensures a steady growth in your rental income while receiving an average yield of 5.1% over the duration of the lease.
At the end of the lease you have the ability to extend your lease for an additional two years to ensure long-term stability and security. The developer will bear the responsibility for the outgoings alleviating you of additional financial burdens and you can rest easy knowing that the property will be returned to its original condition at the end of the lease, including new paint and replacement of carpet. You can enjoy the tax advantages of owning a newly built home, maximising your depreciation benefits while utilising stamp duty concessions thanks to the ACT Government.
Denman Prospect offers significant growth still to come and endless choices when it comes to adventure. With Mount Stromlo at your doorstep, the Molonglo River in your backyard, the Denman Shops just a stone's throw away and countless walking/ biking trails at every turn. With Canberra City, Belconnen and Woden Town Centre's all an easy 15 minute drive, Denman Prospect is the perfect place to invest in today. Offerings like this are few and far between, so get in touch today!
Features:
• Open plan kitchen, living and dining area that open to your private courtyard
• 20mm Essa Stone Benchtops
• SMEG appliances.
• Large master bedroom with walk-in-robe, ensuite and private balcony
• Guest bedroom on ground floor with built-in-robe
• 2 additional bedrooms with built-in-robes and wool mix carpets
See More

Property Details for 12 Fong Lim Way, Denman Prospect

12 Fong Lim Way, Denman Prospect is a 5 bedroom, 4 bathroom Townhouse with 2 parking spaces. The property has a floor size of 197m2. The place is currently for sale with Ray White Canberra.

Building Type
Townhouse
Floor Size
197m2

Commute Calculator

About Denman Prospect 2611

The size of Denman Prospect is approximately 4.7 square kilometres. It has 2 parks covering nearly 12.8% of total area. The population of Denman Prospect in 2006 was 623 people. By 2011 the population was 490 showing a population decline of 21.3% in the area during that time. The predominant age group in Denman Prospect is 40-49 years. Households in Denman Prospect are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Denman Prospect work in a professional occupation. In 2006, 30.7% of the homes in Denman Prospect were owner-occupied compared with 46.4% in 2011.

Denman Prospect has 2,453 properties. Over the last 5 years, Houses in Denman Prospect have seen a 48.68% increase in median value, while Units have seen a 8.21% increase. As at 30 September 2024:

  • The median value for Houses in Denman Prospect is $1,204,458 while the median value for Units is $606,837.
  • Houses have a median rent of $975 while Units have a median rent of $595.
There are currently 36 properties listed for sale, and 2 properties listed for rent in Denman prospect on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Denman prospect.

Denman Prospect Profile Page

Suburb Insights for Denman Prospect 2611

Visit Denman Prospect profile page
Market Insights
Denman Prospect Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Denman Prospect Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Denman Prospect profile page
Contact agent
Samuel Fitzsimmons
Show contact details
Call agent
Ray White Canberra
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED