8/20 De Burgh Street, Lyneham ACT 2602

Whether this is your future home, or you're an investor looking for great returns, or looking for a residence for when you visit Canberra, this apartment will eclipse your expectations!
The boutique complex offers the benefits of the city fringe location, in a peaceful street within a canopy of well-established trees, well separated from noise and action, yet a short walk back to it when the urge for socialising overcomes the need for rest. This spacious one bedroom apartment has been designed to cater for the specific desires of a hectic urban fringe lifestyle with designer fittings and décor throughout, flowing designs that open onto a large entertaining sized balcony – plus basement garaging and a massive 3m2 of storage.

Together with a great sized master bedroom and ensuite, there is actually a room with storage for your laundry, not just a European laundry cupboard. With fresh carpet and painting throughout, the home is ready for you or your tenant immediately.

Located in a peaceful loop street in the heart of the Inner North, this site offers the potential to not even need a car, as the tram and bus network is quite literally walking distance away on Northbourne Avenue.

The apartment is walking distance from Lyneham shops, adjacent to cycle paths to the ANU, Civic, Braddon café's, bike paths, expansive parkland and playing fields. You are literally in the midst of everything.

With fresh carpet and painting throughout, the home is ready for you or your tenant immediately.

Photos show virtual styling.

Photos showing the privacy screen on the balcony are an artist's impression showing the future privacy screen to be installed on the balcony prior to settlement at the current owner's expense. The colour may be darker than depicted, and it will be just two blinds covering the balcony showing just one join.

Features include:
• 2012 Construction
• Open plan living with neutral decor
• Security intercom access
• Premium quality European stainless steel appliances
• Kitchen with push close cupboards and drawers
• Stone benchtop with microwave oven hutch
• Breakfast bar
• Electric cooktop and under bench oven
• Study Nook with desk
• Updated LED pocket lights
• Queen sized master bedroom with ensuite
• Walk in robe
• Laundry room with tumble dryer
• Secure basement garaging and 6 linear metres of storage
• Lift access
• 15 Year Sinking Fund Plan dated April
2021

Apartment: 59m2
Balcony: 21m2
Car: 13m2
Total: 93m2

Basement Storage:
4.8m long x .7m deep x 2.1m high = 7.056 m3

EER: 6
Body Corporate: $5567 pa
Rates: $1,556.76 pa
WS&S Rates: $667pa


Rental Assessment: $450pw - $480pw
Gross Yield*: $450pw rent = 5.44% $480pw rent = 5.8%
(*based on a sale price of $430,000)
Land Tax (only paid if rented) : $1,873.38 pa

Note: All measurements and figures are approximate.