FOR SALE
$1,275,000

12 Fong Lim Way
Denman Prospect ACT 2611

Bedrooms: 5
Bathrooms: 4
Car spaces: 2
Floor area: 197m2
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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
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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

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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 2,513 properties. Over the last 5 years, Houses in Denman Prospect have seen a 44.27% increase in median value, while Units have seen a 8.62% increase. As at 31 October 2024:

  • The median value for Houses in Denman Prospect is $1,186,328 while the median value for Units is $609,398.
  • Houses have a median rent of $950 while Units have a median rent of $580.
There are currently 34 properties listed for sale, and 20 properties listed for rent in Denman prospect on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Denman prospect.

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Contact agent
Samuel Fitzsimmons
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Ray White Canberra
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