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25/101 Hennessy Street, Belconnen ACT 2617

$360,000

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$360k - $378k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 3 Beds 2 Baths 1 Car 78 m²

Listed: 3rd Aug 2026

Updated: 13th Aug 2026

Overview

This distinctive property comprises two purpose-built student accommodation apartments within the UniGardens complex at Belconnen, presenting an exceptional opportunity for investors seeking strong, consistent rental returns supported by proximity to major educational institutions. The apartments are designed exclusively for eligible students, a unique factor that underpins dependable demand and steady income streams.

The larger apartment (25/101) features three bedrooms, two bathrooms, and a single parking space, spread over a generous 78 square metres. Currently leased at $825 per week, it offers a remarkable gross yield of approximately 11.92%, attributed to its strategic location opposite the University of Canberra and near Bruce CIT, the Australian Institute of Sport, and Belconnen Town Centre. A dishwasher is included, enhancing convenience and appeal for tenant students.

The smaller unit (19/101) is a well-appointed one-bedroom, one-bathroom apartment also with a parking space and covers about 30 square metres. It is leased at $390 per week, yielding approximately 10.14%. Both properties provide immediate income through established tenancies.

Rare investment opportunity with two apartments available individually or together.
Exclusive to investment: occupancy restricted to student tenants, not owner occupiers.
Established tenancies ensure immediate cashflow and reduced vacancy risk.
Low maintenance and affordable units appealing to student investors.
Close proximity to major educational hubs boosting rental demand.

This offering suits investors looking to enter or expand within the student accommodation sector, where demand remains robust due to the nearby university precinct. The simplicity of these set-and-forget investments, underpinned by proven yields and high occupancy rates, presents a low-risk profile. Buyers may opt to acquire one or both properties, leveraging their combined potential for portfolio diversification and maximised returns within a sought-after Canberra locale.

Local Market Insights

In Belconnen, Quiet Listings observed 11 new apartments entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $439,364. The property type mix of listed properties is predominantly Houses at 39%, followed by apartments (27%), and townhouses (20%). The most active agency for apartments in the Belconnen area is currently Ray White, representing 27% of new listings, followed by Ruiz Property Management with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.