Australian Capital Territory 2602
Asking Price (AUD): $440,000+
Type: Apartment
Bedrooms: 2
Bathrooms: 1
Car parking spaces: 1

This renovated two bedroom apartment is located in the popular 'Fairway Park' complex, within walking distance to Lyneham's shops, schools, Next Gen lifestyle centre, The Old Canberra Inn, light rail, and the Dickson precinct. The apartment features two bedrooms with built-in robes, a spacious open plan kitchen, dining and living area, a kitchen with new electric oven and rangehood, a lovely balcony, and one allocated car space. The property is suitable for first home buyers, downsizers, or savvy investors, as it currently brings in over $40,000 per year via Airbnb. Additional features include laminated flooring, ample visitor parking, low strata fees, well-maintained gardens, near light rail and public transport, additional communal storage, and a sought-after first-floor location. The apartment has a 90% occupancy rate on Airbnb for the past 8 years, offering a 10% gross rental yield. It is also within walking distance to Lyneham shops, schools, O'Connor reserve, and has a body corporate fee of $720 per quarter and rates of $420 per quarter.
Address
58/22 Archibald Street Lyneham 2602, Australian Capital Territory 2602
Lyneham, Canberra, ACT 2602, Australian Capital Territory, ACT