Property Details: • Type: Apartment / Unit / Flat
• Bedrooms: 1 • Bathrooms: 1
Description: *View By Appointment Only* Currently rented at $520 per week until 28/01/2027 Located within the architecturally designed The Residence, this modern one bedroom apartment presents an exceptional opportunity for investors seeking a low maintenance asset with strong rental demand and long term capital growth in one of Canberra's most tightly held Inner-North suburbs. Positioned just 100 metres from the light rail and within easy walking distance to the CBD, ANU, Braddon and Dickson, the location underpins consistent tenant demand and minimal vacancy. Ideally suited to professionals, students and city commuters, the apartment also offers potential for short or long stay accommodation, capitalising on Canberra's year-round visitor market. The open plan design is well configured to maximise space and natural light, extending to a generous balcony that enhances liveability. The kitchen is appointed with SMEG appliances, stone benchtops and streamlined cabinetry, while the full-sized bedroom includes a built-in robe and is complemented by a dedicated study nook. A modern bathroom with European laundry completes the highly functional layout. Additional features such as double glazing, split-system heating and cooling, LED lighting, intercom access and a communal rooftop garden further strengthen the apartment's appeal to quality tenants. Offering a blue-chip location, strong rental fundamentals and low ongoing maintenance, this is a smart 'set-and-forget' investment with immediate income potential and excellent long-term prospects. Current long term rental estimates place yearly income $25,480* (approx.) Current AIRBNB forecasts place yearly income between $46,322 to $59,533* (approx.) Features Include: - Architecturally designed apartment - Level 8 position with natural light - Double-glazed windows and doors - One bedroom with built-in robe - Generous study or home office - Contemporary light colour scheme - SMEG dishwasher, induction cooktop & oven - Open-plan living and dining, carpeted - Reverse-cycle split system air conditioning - Secure intercom access - LED lighting throughout - Spacious private balcony - Stone benchtops, tiled splashback & ample kitchen storage - European-style laundry - Communal rooftop garden with panoramic views - 100m walk to light rail - Prime inner-city location - Close to the CBD, ANU, cafés, restaurants & bars - Currently leased at $520 per week until 27/01/2027 EER: 6.0 stars Living: 59m2 (approx.) Balcony: 9m2 (approx.) Rates: $1,904.22 per annum (approx.) Land Tax: $2,404.51 per annum (approx.) - only paid by investors Body Corporate: $1,884.08 per annum (approx.) *The rental estimates provided are indicative only and are based on current market conditions at the time of preparation. They are subject to change and should not be relied upon as a guarantee of future rental income. We recommend conducting your own due diligence or seeking independent advice before making any financial decisions. An independent Airbnb Report, prepared by a specialised short-stay agency, is also available on request to assist with your assessment. Disclaimer: The figures provided herein are approximate and for general informational purposes only. The material and information contained in this marketing document do not constitute legal, financial, or other professional advice. VERV Property expressly disclaims all liability for any inaccuracies, omissions, or errors contained within. No party should rely on this material as the sole basis for any decision-making process. All prospective purchasers are advised to conduct their own independent due diligence and to seek appropriate professional advice prior to entering into any binding agreements or transactions.
