{"Slug":"apartment-59-101-hennessy-street-belconnen-act-2617","CanonicalUrl":"https://realsearch.com.au/apartment-59-101-hennessy-street-belconnen-act-2617","Address":"59/101 Hennessy Street, Belconnen, ACT 2617","Suburb":"Belconnen","State":"ACT","Postcode":"2617","PropertyType":"Apartment","Status":"Sold","Headline":null,"Description":"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):•\tRent return: $390pw until 25/1/2027•\tIT Levy: $10pw (supply and manage internet)•\tRates: $1,472pa•\tLand tax: $1,779pa•\tIcon Water and Sewerage connection: $804pa•\tStrata: $2,263pa (includes building insurance, sinking fund & water consumption)•\tMortgage repayment: $221pw = $11,492pa (based on 80% LVR at $151,200, 6.5% comparison rate P&I investor loan over 30 years)•\tGross income: at $390pw: $20,280pa•\tGross expenses: $18,330pa (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:•\tShared gym, games room, study space, laundry, and prayer room•\tLift, intercom, swipe card entry, gated basement parking + bike storage•\t900m to Belconnen Markets•\t1km to Lighthouse Pub, fast food, cafes and restaurants on Lake Ginninderra.•\t1.2km to Westfield •\t6min bike ride to University of Canberra •\tBus stops directly out the front - University of Canberra, CIT Bruce, AIS, ANU/City in minutesAffordable entry. Strong yield. Exactly what a high-cashflow play should look like.The requirements:•\tBuyers need minimum 20% deposit $37,800 as the size is under the minimum 40sqm for 10% deposit)•\tMust be student-occupied (anyone enrolled in short or long-term further education at the time of tenancy application).","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"Contact agent"},"Bedrooms":"1","Bathrooms":"1","Parking":null,"Features":[{"Name":"Bedrooms","Value":"1"},{"Name":"Bathrooms","Value":"1"},{"Name":"House Size","Value":"30 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-35.24620147,"Longitude":149.07121253,"Agent":{"Name":"Sam  Buchanan","CanonicalUrl":"https://realsearch.com.au/agent/sam-buchanan"},"Agency":{"Name":"Edge Sam Buchanan - KINGSTON","CanonicalUrl":"https://realsearch.com.au/agency/edge-sam-buchanan-kingston"},"CreatedAt":"2026-08-07T09:04:52.0503987","UpdatedAt":"2026-09-23T10:14:46.1166667"}