FOR SALE
$420,000

16 Causley Lane
Gungahlin ACT 2912

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 335m2
Land area: 288m2
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Owners Relocating to the Coast After 20 Years

16 Causley Lane, Gungahlin (Unit 2/45 Anthony Rolfe Ave)
This low-maintenance 1-bedroom, 1-bathroom townhouse offers a fantastic investment opportunity. With no gardens and no side neighbours, it ensures easy living. Currently tenanted, it generates $400 per week in rental income, equating to $20,800 annually.
Short-Term Rental Financial Overview
• Average rate: $155* per night (including cleaning fees)
• Projected revenue: approx. $23,300*
• Occupancy Rate: 50% (61% other similar properties in Gungahlin)*
• Operating expenses: approx. $5,800*
• Net operating income: approx. $17,500*
• 15.9% increase between 1 night stay minimum (45.4%), and minimum 2 nights (29.5%)*
• Zoned CZ5 Commercial Mixed use. **
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Property Details for 16 Causley Lane, Gungahlin

16 Causley Lane, Gungahlin is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 288m2 and floor size of 335m2. The place is currently for sale with Ray White Rural Canberra / Yass.

Building Type
Unit
Floor Size
335m2
Land Size
288m2

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About Gungahlin 2912

The size of Gungahlin is approximately 4.6 square kilometres. It has 17 parks covering nearly 38.1% of total area. The population of Gungahlin in 2011 was 5,617 people. By 2016 the population was 6,141 showing a population growth of 9.3% in the area during that time. The predominant age group in Gungahlin is 20-29 years. Households in Gungahlin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gungahlin work in a professional occupation. In 2011, 48.4% of the homes in Gungahlin were owner-occupied compared with 43.7% in 2016.

Gungahlin has 4,303 properties. Over the last 5 years, Houses in Gungahlin have seen a 36.95% increase in median value, while Units have seen a 23.58% increase. As at 30 November 2024:

  • The median value for Houses in Gungahlin is $1,019,077 while the median value for Units is $457,696.
  • Houses have a median rent of $650 while Units have a median rent of $535.
There are currently 51 properties listed for sale, and 20 properties listed for rent in Gungahlin on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Gungahlin.

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Harrison Gibbons
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Connor Rorison
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Ray White Rural Canberra / Yass
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