59/101 Hennessy Street

Belconnen ACT 2617

Tired of chasing growth that never arrives, or being negatively geared and costing you $,000s each year to hold on? Meet the investment that actually pays you while you sleep (or while you ignore it).This 30sqm furnished studio in the purpose-built 2010 UniGardens complex sits right in the Belconnen Town Centre where students live, shop, study, and happily hand over $380+ per week to be in a like-minded community. High occupancy is basically baked in, UniGardens management are on site, in direct comms with the Unis and offer 6 monthly tenancies to coincide with Uni Semesters if you wish to engage them for management. Why this makes sense (figures approx): Rent return: $390pw until 25/1/2027 IT Levy: $10pw (supply and manage internet) Rates: $1,472pa Land tax: $1,779pa Icon Water and Sewerage connection: $804pa Strata: $2,263pa (includes building insurance, sinking fund & water consumption) Mortgage repayment: $221pw = $11,492pa (based on 80% LVR at $151,200, 6.5% comparison rate P&I investor loan over 30 years) Gross income: at $390pw: $20,280pa Gross expenses: $18,330pa (excluding management fees depending on self-manage/have a child student occupy, engage a property manager or UniGardens management etc)Student and Goggle Maps approved: Shared gym, games room, study space, laundry, and prayer room Lift, intercom, swipe card entry, gated basement parking + bike storage 900m to Belconnen Markets 1km to Lighthouse Pub, fast food, cafes and restaurants on Lake Ginninderra. 1.2km to Westfield 6min bike ride to University of Canberra Bus stops directly out the front - University of Canberra, CIT Bruce, AIS, ANU/City in minutesAffordable entry. Strong yield. Exactly what a high-cashflow play should look like.The requirements: Buyers need minimum 20% deposit $37,800 as the size is under the minimum 40sqm for 10% deposit) Must be student-occupied (anyone enrolled in short or long-term further education at the time of tenancy application).