2/22 Discovery Street, Red Hill ACT 2603

Sold $327,000
Property Details

2/22 Discovery Street, Red Hill ACT 2603

Sold $327,000


Apartment Sold - Red Hill ACT

Yes, it is possible to get into the Inner South at this price!! Buy now, power down the mortgage, and in a few years start trading up with all the equity!

This double brick apartment has been renovated and is ready for your inspection.

Delightfully private, character filled throughout and set in leafy surrounds, this renovated apartment offers a great lifestyle centred in the cosmopolition Inner South.

With a possible minimum market rent of $370 per week and a gross yield of over 6%, what better way to add to your property portfolio !

This solidly built ground floor two bedroom apartment in small block of only 10 units is positioned in a tranquil leafy street with million dollar plus homes across the road, plus it is just a short stroll to Red Hill shops and schools.

In keeping with the era of the build, the windows are large and light just streams into the kitchen and living area. The floorplan ensures there is maximum use of the space with no lost hallways.

The apartment is walking distance to Red Hill shops and also transport options are nearby.

This apartment ticks every box!

– Boutique complex of only 10 units
– Solid double brick construction of 1967
– Two bedroom apartment of 52m2
– Secure position on ground floor
– No lost hallway space
– Bright and sunny with large windows
– Renovated bathroom
– King/Queen sized master bedroom with built-in robe
– Double bed size second bedroom with built-in robe
– Renovated kitchen with Fisher & Paykel oven
– Soft closing above head cabinets and drawers
– Recently repainted
– Laundry facilities inside unit
– Carport car accommodation
– Short stroll to Red Hill shops

Note: Virtual styling has been used in the property photographs.

Rent Appraisal provided by Little Bird Property Management: $370 – $410 per week.

EER: 4
Land Value: $1,739,000 (Total complex)
Land Tax: $3,118.52 pa (only if rented)*
Land Rates: $2,281.18 pa
Body Corporate: $3,616.80 pa

Apartment: 52.02m2
Car Park: 12.54m2
Storage Area: 2.5m2

(all measurements and figures approximate)


If you are an investor thinking about purchasing this property, you can choose any property management company – but we ask you to please consider using RENTWELL, YWCA Canberra’s charitable property management service. They manage and lease privately owned investment properties in the ACT at below 75 per cent market rent, and that means landlords pay zero land tax. Rentwell’s priority is to assist older women who are at risk of homelessness and women with children, providing affordable housing to people who are struggling to maintain tenancies in the mainstream market. For more info: https://www.rentwell.com.au/

Property Features
  • Apartment
  • 2 bed
  • 1 bath
  • 1 Parking Spaces
  • Land is 1,389 m²
  • Garage

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