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Property in Gungahlin ACT 2912

$680,000 - $699,000

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$680k - $714k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 3 Beds 2 Baths 2 Cars 145 m²

Listed: 3 days ago

Updated: 13 hours ago

Overview

This modern apartment in Gungahlin offers excellent investment appeal with a secure Defence Housing Australia (DHA) lease guaranteeing income for at least six years, plus a three-year option. Built in 2019, the property spans approximately 145sqm, combining about 104sqm of indoor living space with an 11sqm north-facing wrap-around balcony, creating a bright and welcoming environment enhanced by views over Yerrabi Pond and surrounding parklands.

Its design maximizes comfort and convenience with an open-plan living and dining area that seamlessly flows to outdoor spaces, ideal for relaxing or entertaining. The kitchen is well-equipped with modern stainless steel appliances, including a 900mm AEG induction cooktop and a dishwasher, complemented by stone benchtops and practical storage solutions like a stainless steel pull-out pantry.

Three spacious bedrooms feature built-in wardrobes, with the master including an ensuite and walk-in robe for added privacy and storage.
Two bathrooms are finished with high-quality tiling, rainfall showerheads, underfloor heating, and heated towel racks, combining luxury with functionality.
Additional highlights include double-glazed windows, high 2.55m ceilings, ducted reverse-cycle air conditioning throughout, a European laundry, and two secure basement parking spaces accompanied by two storage cages.

The apartment is situated on the 5th floor of the Ruby Apartment Complex which provides excellent amenities such as a gym, outdoor lap pool, BBQ area, and onsite building manager, along with secure intercom and CCTV surveillance for peace of mind. Connectivity is enhanced by high-speed fiber internet, making the property well-suited for modern living.

Its prime location within walking distance to Gungahlin’s town center, transport hubs including light rail, shopping precincts, schools, and recreational facilities, offers both lifestyle convenience and investment security. Overall, the property caters predominantly to investors seeking a fully managed asset with guaranteed returns, notably with the lease constraints meaning owner occupation is deferred until the current lease expiry. It stands as a quality, low-maintenance residence in a growing community known for its accessibility and amenities.

Local Market Insights

In Gungahlin, Quiet Listings observed 10 new apartments entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $570,100. The property type mix of listed properties is predominantly Apartments at 63%, followed by houses (25%), and units (6%). The most active agency for apartments in the Gungahlin area is currently Marq Property, representing 40% of new listings. 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.