$160k Canberra Investment Opportunity

A cosy Canberra studio is up for grabs, and with a modest $160,000 price tag, it offers exceptional value and an incredible investment opportunity.

The one-bedroom apartment, at 47 McMillan Crescent, Griffith, features a balcony and has access to a communal pool.

McGrath listing agent, Maree van Arkel, said: “For $160,000, in such a central location and such low maintenance, it offers great affordability.”

“It’s a bedsit, 25sqm in terms of living, it’s pretty much lock up and leave!” she said.

Located in Canberra’s inner south, the cosy dwelling is ideally situated for use of public transport with only a 10-minute walk to Canberra Station.

Ms van Arkel expects to receive from buyers looking for to rent the property out and maximise its ideal positioning.

“We’re expecting interest from those looking to invest because the returns are very good.

Maree van Arkel – McGrath

“It’s close to Parliamentary Triangle, Kingston Foreshore and Canberra Airport.”

“I recently sold another unit in the same building and the buyers work in Canberra a couple of days a week, so they just use it as a base for work,” said Ms van Arkel.

Canberra’s property market has stayed buoyant amidst the coronavirus pandemic, as many returning expats and those whose overseas postings have been terminated look to purchase in the ACT city.

This is evident with weekly auction results which highlight the strength of Canberra’s auction market, with this week’s data returning a preliminary clearance rate of 83% – the highest across every capital city.

Address:

47/47 McMillan Crescent, Griffith, ACT 2603

Agents:

Maree van Arkel
0419 624 766
Megan van Arkel
0424 381 307
McGrath Estate Agents