Coming in with an entry level price point and being in original condition, this apartment provides an opportunity to escape the rental market and work on a blank canvas to call your own.
Capturing plenty of light, this open plan layout of living and dining is complimented by a convenient serving bench from the kitchen. Each of the bedrooms have built in robes, the bathroom is of reasonable proportion and functional layout, while the separate laundry provides an extra space uncommon in many modern apartment layouts.
Paired with the combination of a creative imagination and some basic trades, there is potential to make this property upbeat, with modern appeal and that homely feeling.
Alternatively, if you’re looking to create or add to your rental portfolio then look no further. Located in the quiet green streets of Chifley, this apartment offers convenience for those working in the Woden Valley, attending surrounding schools and essential amenities which are all attractive perks when looking for a rental property.
With a previous rental income of $400 per week, it’s ready to jump straight back on the market or with some TLC you can strive for the higher rental figure.
Outgoings:
Rates: $551 p/qtr (approx.)
Land Tax: (if rented out) $692 p/qtr (approx.)
Living Area: 70m2 + Balcony 10m2 (approx.)
Body Corporate Fees: $865 p/qtr (approx.)
Construction Date: circa 1976
The Apartment at 8/7 Medley Street CHIFLEY, ACT 2606 has been sold 2 times before, with the most recent sale being for $406,000 on 17 November 2021.
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8/7 Medley Street CHIFLEY, ACT 2606 has 42 schools within 5 kilometres, with the closest being Marist College Canberra.
8/7 Medley Street is located within the suburb of Chifley, which has a population of 2,407, a median age of 37 and an average household density of 2.3 people.