501/90 Swain Street

Positioned within one of Gungahlin's most desirable lifestyle developments, this modern two bedroom apartment presents an outstanding opportunity for investors seeking immediate income, long term security and excellent tenant appeal. Currently leased at $430 per week until 16 April 2027, the property delivers secure rental income from settlement together with an attractive gross rental yield of approximately 6.21%, based on a $360,000 purchase price. With a secure lease already in place until April 2027, investors can enjoy immediate rental income from settlement without the uncertainty of securing a new tenant, making this a truly low-maintenance investment opportunity. Designed for contemporary living, the apartment features a spacious open plan living and dining area that flows seamlessly to a private balcony, creating a bright and inviting space that continues to attract quality tenants. The modern kitchen is appointed with stone benchtops, quality appliances and generous storage, while the practical floor plan has been designed to maximise both comfort and functionality. Both bedrooms are generously sized and include built in wardrobes, serviced by a modern bathroom with quality finishes. The intelligent layout makes the apartment equally appealing to professional couples, small households and those seeking a low maintenance lifestyle, supporting strong long term rental demand. Adding further value is a separate storage cage, providing secure storage that is highly sought after in apartment living. Residents enjoy access to an exceptional range of resort style facilities including a heated lap pool and spa, fully equipped gym, rooftop open air cinema, communal dining and entertaining areas, and BBQ facilities, all of which contribute to the development's strong tenant appeal. The location is equally impressive. Gungahlin Marketplace, Woolworths, Coles, Aldi, cafés, restaurants and the Light Rail are all within easy walking distance, providing outstanding connectivity to Canberra City and major employment centres. This combination of convenience, lifestyle and amenity continues to underpin strong rental demand and long term investment performance. Offering secure income, quality amenities and a proven high demand location, this is a genuine set and forget investment opportunity. The Perks Currently leased at $430 per week until 16 April 2027 Approx. 6.21% gross rental yield based on a $360,000 purchase price Spacious two bedroom, two bathroom floor plan with broad tenant appeal Light filled open plan living flowing to a private balcony Modern kitchen with stone benchtops and quality appliances Separate storage cage Heated lap pool and spa Fully equipped gym Rooftop open air cinema Communal dining, entertaining and BBQ facilities Walking distance to Gungahlin Marketplace, cafés, restaurants and the Light Rail The Numbers Current rent: $430 per week Fixed term lease until 16 April 2027 Gross rental yield: Approx. 6.21% Living: 47 m² Balcony: 10 m² Energy Efficiency Rating: 5.5 Stars Rates: $400 p/q Body corporate: $1505 p/q Land tax (investors only): $473 p/q Disclaimer: The material and information contained within this marketing is for general information purposes only. The Property Collective does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.