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7/2 Edinburgh Avenue, City$399,000
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For Saleapartment

7/2 Edinburgh Avenue

City, ACT 2601, Australia
$399,000
1 bed 1 bath 1 car71 m²

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About this property

Could this be the perfect high yielding addition to your portfolio or an opportunity to purchase in a self-managed superannuation fund? Discover this stylish one-bedroom apartment in the iconic Metropolitan development, offering the perfect blend of city lifestyle and investment potential. Ideally suited as a city pad or a high-yielding rental property, this home delivers convenience, comfort, and access to premium facilities. Apartment Highlights Fully furnished and equipped, perfect for short term rental Large one-bedroom layout with separate living and dining areas Currently leased to long-term tenants on a periodic basis for $580 per week Allocated basement car space and secure storage enclosure Internal Features Generous open-plan living space with separate dining area Modern kitchen with stone benchtops, mobile breakfast bar, and Fisher & Paykel appliances (dishwasher, oven, electric cooktop, range hood) Full-height pantry and ample storage cupboards Separate laundry within the bathroom Spacious bedroom with large built-in wardrobe and direct access to the bathroom Split-system reverse cycle heating and cooling Metropolitan Development Amenities Heated indoor swimming pool & sauna Fully equipped gym with a wide range of equipment Landscaped podium gardens with BBQ facilities Secure video intercom and on-site building manager Pet-friendly (subject to body corporate approval) Location Benefits Opposite New Acton's cultural and arts precinct Short walk to The Australian National University, Lake Burley Griffin, and Canberra's city centre Easy access to cafes, restaurants, bars, Palace Electric Cinemas, and convenience stores Upcoming Stage 2 light rail stop on London Circuit enhances connectivity Key details; Living area: 71m² Balcony: 8m² Single car space in basement Lockable storage in basement Built: 2007

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
71 m²
Listed
3 months ago

Repayment calculator

$1,934/month
$967 /fortnight
Loan $319,200 at 6.10% over 30 years

Upfront costs

Deposit$79,800
Stamp duty$5,520
Conveyancing (est.)$2,000
Total upfront$87,320
Verify with ACT revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in City

This 1-bedroom apartment in City, ACT 2601 sits within reach of public transport, local shops local amenities. It is listed 34% below the $609,000 median of 85 comparable apartmentswithin 5 km.

What's nearby

  • Edinburgh Avenue Rydges Canberra (bus)53 m away
  • 21 Capital Mart115 m away
  • John Avery Gardens221 m away
  • City Hill375 m away
  • Unnamed513 m away

City at a glance

Full suburb profile
Population
4,835
Median age
27
Household income
$2,232/wk
Median rent
$550/wk
Median mortgage
$1,950/mo

Source: ABS Census.

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Suburb market

Suburb price trend

City price trend

Median sold · Unit 1 bed

Compound growth -0.5% / yr over 4 yrs

$470kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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