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Low Maintenance Investment in Prime Location For Sale
Low Maintenance Investment in Prime Location Low Maintenance Investment in Prime Location

7/127 Madigan St, Hackett, ACT, 2602

Low Maintenance Investment in Prime Location

Apartment
Type
1
Bedrooms
1
Bathrooms

Last updated on Wednesday, April 29, 2026 ( See property details for 7/127 Madigan St, Hackett, ACT, 2602)

$299,000+

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

A well-located, low-maintenance ground floor apartment ideal for investors, students, and downsizers seeking convenience and strong rental appeal in Hackett.

🏡 Property Highlights

  • Ground floor apartment with easy accessibility
  • Strong rental demand due to proximity to universities and schools
  • Low maintenance, functional open plan layout
  • Well-equipped kitchen with Nova gas cooktop and oven
  • Quiet neighbourhood setting with communal facilities
  • Close to major amenities including shops, parks, and educational institutions

✨ Key Features

  • Open plan living, dining and kitchen with a simple, functional layout
  • Kitchen with ample storage, and Nova standalone gas cooktop + oven
  • Built in wardrobe with overhead storage
  • Bathroom with integrated laundry, vanity, shower, toilet and shaving cabinet
  • Communal laundry
  • Communal clotheslines
  • On site + visitor parking
  • Ground floor positioning
  • Lock up bike shed
  • Block out curtains

Hackett is a peaceful, well-connected suburb offering excellent access to educational institutions, shopping centres, and parks. Its quiet streets and community facilities make it ideal for students, professionals, and downsizers. The area boasts strong rental demand, convenient public transport options, and a friendly neighbourhood atmosphere. Proximity to major amenities ensures a comfortable and convenient lifestyle. The suburb’s strategic location provides easy access to the city centre and surrounding regions, making it a highly desirable place to live and invest.

What is the current rental income and potential for future rent increases?
The property is currently leased at $390 per week, with potential for rent increases aligned with market trends and demand.
Are there any restrictions or covenants associated with the strata title?
The strata management details are available through Wright Dunn, and any restrictions or covenants can be confirmed by reviewing the strata plan and by-laws.
What are the ongoing strata fees and what do they cover?
The strata fees are $1,050 per quarter, covering maintenance of communal facilities, insurance, and management services.
Is the property compliant with current building and safety standards?
Yes, the property was built in 1974 and has an Energy Efficiency Rating of 6 Stars; a recent building report can provide further details.
What are the potential costs involved in purchasing and maintaining the property?
Additional costs include rates ($888 per quarter), land tax for investors ($1,627.13 per quarter), and strata fees. Maintenance costs are generally low due to the low-maintenance design.
Are there any upcoming planned developments or zoning changes in the area that could affect the property’s value? Has the property been inspected for any structural or pest issues, and are there reports available? Are there any restrictions on leasing or subletting the property? What are the long-term plans for communal facilities and shared areas? Is there any history of flooding or bushfire risk in the area? Are there any current or planned renovations or repairs to the building? What are the total ongoing costs including strata, council rates, and body corporate fees? Are there any easements or covenants that could impact future modifications? Is the property compliant with all current safety and accessibility standards? Are there any nearby construction projects or developments that could cause noise or disruption?

7/127 Madigan St, Hackett, ACT, 2602 - More Details

Low Maintenance Investment in Prime Location

PLEASE NOTE THIS PROPERTY IS TENANTED UNTIL THE 8TH OF SEPTEMBER 2026 AT $320pw.
Inspections by appointment, please call to arrange.

Positioned in a quiet, well-connected pocket, this ground floor apartment offers a smart and low maintenance opportunity for investors, downsizers and students alike. With a functional open plan layout and easy access to key amenities, it delivers strong rental appeal and everyday convenience in equal measure.

The open plan living, dining and kitchen area is practical and light filled, featuring a well-equipped kitchen with ample storage and a Nova gas cooktop and oven. Carpet throughout, block out curtains and natural light from East and West facing windows create a comfortable living environment.

The bedroom includes built in storage, while the bathroom incorporates an integrated laundry for added convenience. Communal facilities including laundry, clotheslines and a lock up bike shed further enhance the overall functionality.

With on site and visitor parking, a quiet neighbourhood setting and ground floor accessibility, the property is easy to live in and even easier to lease. Positioned within walking distance to Dickson College, the Australian Catholic University and local shops, and just minutes to Dickson Town Centre, this is a highly convenient location with consistent rental demand from students and professionals.

Property Features:
• Open plan living, dining and kitchen with a simple, functional layout
• Kitchen with ample storage, and Nova standalone gas cooktop + oven
• Carpet throughout
• Block out curtains
• South facing with east and west facing windows allowing natural light
• Built in wardrobe with overhead storage
• Bathroom with integrated laundry, vanity, shower, toilet and shaving cabinet
• Communal laundry
• Communal clotheslines
• On site + visitor parking
• Ground floor positioning
• Lock up bike shed
• Quiet neighbourhood
• Close to schools, university, shops, parks and a wide range of local amenities

Nearby Amenities:
PEA: Ainslie School – 4.1km (7 min drive)
PEA: North Ainslie Primary School – 1.6km (3 min drive)
PEA: Campbell High School – 4.9km (8 min drive)
PEA: Gungahlin College – 11.9km (16 min drive)
PEA: Dickson College – 800m (10 min walk)
Local Hackett Shops – 750m (10 Min Walk)
Dickson Shopping Centre – 2.3km (4 Min Drive)
Watson Shops – 2.2km (3 Min Drive)
Australian Catholic University – 1.2km (15 Min Walk)
University of Canberra – 8.6km (12 Min Drive)
CIT Reid – 5.8km (10 Min Drive)
UNSW Australian Defence Academy – 7.3km (10 Min Drive)
Blue Gum Pre + Primary School – 2.7km (5 Min Drive)
Calvary Private Hospital – 8.7km (13 Min Drive)

Property Specification:
Built: 1974
Internal living: 36.70m2
Energy Efficiency Rating (EER): 6 Stars
Rates: $888.00pq
Land Tax (Investors Only): $1,627.13pq
Strata Manager: Wright Dunn
Body Corporate (Admin + Sinking): $1,050.00pq
Units in Complex: 28
Estimated Weekly Rent $320pw

* To receive the contract of sale, building report, and additional documents via email within just 10 minutes of your enquiry, please fill out the online request form. Be sure to check both your inbox and junk folder for prompt delivery, available 24/7.

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Type
Apartment
Bedrooms
1
Bathrooms
1

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