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59/101 Hennessy Street, Belconnen, ACT 2617 For Sale
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59/101 Hennessy Street, Belconnen, ACT 2617

$189,000

Apartment
Type
1
Bedrooms
1
Bathrooms

Last updated on Monday, August 10, 2026 ( See property details for 59/101 Hennessy Street, Belconnen, ACT 2617)

$189,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, furnished student studio apartment in Belconnen offering strong rental income and excellent amenities in a prime location.

🏡 Property Highlights

  • Strong rental yield of up to $400 per week in a high-demand student precinct
  • Furnished 30sqm studio in a purpose-built complex with excellent amenities
  • Prime location close to universities, shopping, dining, and public transport
  • On-site management with flexible leasing options aligned with university semesters
  • Low maintenance strata fees covering building insurance and water costs
  • Secure basement parking, lift access, and shared facilities including gym and laundry

✨ Key Features

  • Built in robes
  • Security Screens / Gates
  • Fly Screens
  • Open-Plan Living
  • Water tank
  • NBN / High-Speed Ready
  • Fully fenced
  • Outdoor Area / Balcony
  • Internal Laundry
  • Pet-Friendly

Belconnen is a vibrant suburb renowned for its university, shopping precincts, and recreational facilities. It offers excellent connectivity via public transport, a lively community atmosphere, and a range of dining and entertainment options. The area is ideal for investors seeking high rental yields and tenants looking for convenient, affordable living close to educational institutions and amenities.

What are the rental management options for this property?
The property is managed on-site by UniGardens management, offering six-month tenancy agreements aligned with university semesters, or you can choose to self-manage or engage a private property manager.
Is the property suitable for long-term investment?
Yes, with its high occupancy rate, strong rental income, and proximity to universities and amenities, this property is an excellent long-term investment option.
What amenities are included in the complex?
The complex features a shared gym, games room, study space, laundry, prayer room, lift, intercom, swipe card entry, gated basement parking, and bike storage.
Are there any restrictions on who can purchase or occupy the property?
Yes, buyers must be aware that the property is designated for student occupancy, and tenants must be enrolled in further education at the time of tenancy application.
What are the ongoing costs associated with owning this property?
Annual costs include rates ($1,472), land tax ($1,779), water and sewerage ($804), strata fees ($2,263), and mortgage repayments ($11,492 based on current loan terms).
Are there any upcoming planned developments or zoning changes in the area that could affect the property’s value or use? What are the potential costs for repairs or upgrades not covered by the strata fees? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any restrictions or covenants that could limit modifications or renovations? What is the current occupancy rate, and are there any risks of vacancy or tenant turnover?

59/101 Hennessy Street, Belconnen, ACT 2617 - More Details

$189,000

Tired of chasing growth that never arrives, or being negatively geared and costing you $,000’s each year to hold on? Meet the investment that actually pays you while you sleep (or while you ignore it).

This 30sqm furnished studio in the purpose-built 2010 UniGardens complex sits right in the Belconnen Town Centre where students live, shop, study, and happily hand over $380+ per week to be in a like-minded community.

High occupancy is basically baked in, UniGardens management are on site, in direct comms with the Uni’s and offer 6 monthly tenancies to coincide with Uni Semesters if you wish to engage them for management.

Why this makes sense (figures approx):

• Rent return: $380-$400pw
• Rates: $1,472pa
• Land tax: $1,779pa
• Icon Water and Sewerage connection: $804pa
• Strata: $2,263pa (includes building insurance, sinking fund & water consumption)
• Mortgage repayment: $221pw (based on 80% LVR at $151,200, 6.5% comparison rate P&I investor loan over 30 years) = $11,492pa

• Gross income: at $380pw: $19,760pa, at $400pw: $20,800pa

• Gross expenses: $17,810pa (excluding management fees depending on self-manage/have a child student occupy, engage a property manager or UniGardens management etc)

Student and Goggle Maps approved:

• Shared gym, games room, study space, laundry, and prayer room
• Lift, intercom, swipe card entry, gated basement parking + bike storage
• 900m to Belconnen Markets
• 1km to Lighthouse Pub, fast food, cafes and restaurants on Lake Ginninderra.
• 1.2km to Westfield
• 6min bike ride to University of Canberra
• Bus stops directly out the front - University of Canberra, CIT Bruce, AIS, ANU/City in minutes

Affordable entry. Strong yield. Exactly what a high-cashflow play should look like.

The requirements:

• Buyers need minimum 20% deposit $37,800 as the size is under the minimum 40sqm for 10% deposit)
• Must be student-occupied (anyone enrolled in short or long-term further education at the time of tenancy application).
Type
Apartment
Bedrooms
1
Bathrooms
1
House Size
30 m²

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