FOR SALE
$590,000 - $620,000

Furzer Street
Phillip ACT 2606

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Prime Investment in the Heart of Woden

Presenting an outstanding investment opportunity on the 21st floor at Wova – this recently constructed 2-bedroom, 2-bathroom apartment is already tenanted, offering immediate rental income. With a generous 79m² of space, this low-maintenance property is perfect for investors looking to secure a hassle-free, income-generating asset in a sought-after location. Currently rented at $610.00 per week with an expected rental yield return of over 5%, this apartment is a solid investment.
The apartment features modern comforts like air conditioning, built-in wardrobes, and a well-appointed kitchen with ducted rangehood, oven and stovetop, plus a dishwasher, ensuring a comfortable living environment for tenants. The allocated undercover car space shares an electric vehicle car charger with one other car space, adding to the modern appeal of this property. There is a range of on-site amenities, including a gym, cinema, terrace bbq area with northerly views, work spaces and swimming pool with a nearby large sauna room, add extra appeal. The property also includes a video intercom system for added safety and convenience.
Located just a short walk from Woden Westfield, this property is perfectly positioned near upcoming developments such as the new CIT and light rail project, ensuring long-term rental demand. Phillip's bustling cafes, shops, and nearby recreational options further enhance its attractiveness to potential renters. This is your opportunity to secure a prime, ready-made investment in one of Canberra's fastest-growing suburbs.
Features:
Stunning views from the 21st floor
Two balconies for outdoor enjoyment and ventilation
Recently completed and now tenanted
Flexible, adaptable layout
Resort-style amenities: pool, gym, cinema, and more
Secure underground parking
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Property Details for 2101/2 Furzer St, Phillip

2101/2 Furzer St, Phillip is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The place is currently for sale with The Agency Canberra.

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Unit

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About Phillip 2606

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years. Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.

Phillip has 4,499 properties. Over the last 5 years, Houses in Phillip have seen a 52.35% increase in median value, while Units have seen a 52.85% increase. As at 31 October 2024:

  • The median value for Houses in Phillip is $628,086 while the median value for Units is $505,142.
  • Houses have a median rent of $550 while Units have a median rent of $560.
There are currently 61 properties listed for sale, and 18 properties listed for rent in Phillip on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Phillip.

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