501/90 Swain Street, Gungahlin ACT 2912

Located in one of Gungahlin’s highly sought-after lifestyle developments, this modern apartment offers an appealing blend of comfort, convenience, and low-maintenance living, making it an excellent investment or home for small households and professionals.

Boasting two well-sized bedrooms with built-in wardrobes and a single contemporary bathroom, the apartment’s layout maximizes space and functionality. The open-plan living and dining area extends seamlessly onto a private balcony, providing an inviting space filled with natural light and ideal for relaxation or casual entertaining.

The kitchen is thoughtfully designed with quality finishes including stone benchtops and premium appliances, ensuring ample storage and preparation space. These features not only enhance day-to-day living but also contribute to retaining tenant appeal and long-term value.

Additional benefits include a separate secure storage cage, a prized feature in apartment communities, and access to resort-style amenities such as a heated lap pool and spa, a fully equipped gym, rooftop open-air cinema, communal dining and BBQ areas. These facilities provide residents with lifestyle opportunities that extend beyond their private residence, fostering a strong community atmosphere.

From an investment perspective, the property is currently leased at $430 per week under a fixed-term lease until April 2027, offering immediate and secure rental income. The attractive gross rental yield of approximately 6.21% based on the purchase price reflects the asset’s strong rental demand in this vibrant location.

Conveniently positioned within easy walking distance to Gungahlin Marketplace, including major supermarkets like Woolworths, Coles, Aldi, as well as cafes, restaurants, and the Light Rail, the location ensures excellent connectivity to Canberra City and key employment hubs. This combination of lifestyle amenities and transport links underpins both tenant demand and long-term capital growth potential.

• Secure income with fixed lease until April 2027 providing low-risk investment
• Bright and spacious open-plan living with seamless indoor-outdoor flow
• Modern kitchen finishes tailored for practicality and style
• Separate storage cage enhancing functionality for apartment living
• Access to premium resident facilities supporting a balanced lifestyle
• Prime location offering convenience and excellent transport links

This apartment is well-suited for investors seeking a set-and-forget asset with stable returns, as well as professionals or small families looking for a comfortable and accessible home in a thriving community.