Low Maintenance Investment in Prime Location

For Sale

7/127 Madigan St, Hackett, ACT, 2602

Low Maintenance Investment in Prime Location

Apartment

Type

Bedrooms

Bathrooms

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

$299,000+

Tiff Mills - Real Estate Agent - Agent Team Canberra - HOLT

Tiff Mills Sales Associate

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Steve Lowe - Real Estate Agent - Agent Team Canberra - HOLT

Steve Lowe Director

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AI Property Insight

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

Suburb and Property Insights of Hackett, ACT 2602

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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

Type: Apartment
Bedrooms: 1
Bathrooms: 1

7/127 Madigan St, Hackett, ACT, 2602 - Point Of Interest

Locate Near By Places of 7/127 Madigan St, Hackett, ACT, 2602 On Map

Your Commute at a Glance: 7/127 Madigan St, Hackett, ACT, 2602

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7/127 Madigan St, Hackett, ACT, 2602

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