40/17 Medley Street, Chifley ACT 2606

Sold

2 beds

1 baths

1 parking

Repayments are less than rent

A "rent buster" special for first home buyers.

This represents an opportunity to give your landlord the flick and start paying off your own mortgage, not his. And yes, the figures are right, you can enjoy the benefits of ownership at a price that is less than the weekly rental this property would attract. It's called a no brainer when you have the opportunity to start the new year as a homeowner.

All you need do is come up with the deposit and the other costs and you could get off the rental treadmill and fix your stake in the Canberra property market. If it sounds too good to be true, then come have a look and we can discuss what you need to do.

So, what do you get? Firstly, this is a 2 bedroom unit in a solid brick, older style project. It has a separate laundry and a separate bathroom, comprising a WC, bath and separate shower recess. Plus, there is a good size living dining area and separate kitchen, as well as a balcony. There is a covered carport under the building and your own storage cupboard. Plus, the building has a security door access to the stairwell, all controlled from your unit.

Located in the middle of the Woden Valley means it is only a 10-minute stroll to the local shops or to Woden. And if you want to drive, the easy access to the Canberra road network means it is 15 minutes to the City and less to Russell and/or the Parliamentary Triangle. Just Magic.

So, what's the catch. Well, the property has been rented for many years so let's not be shy; it will need a bit of a tidy up and some renovation, just like on the TV show - The Block. But with this property you could live there while you did all the work yourself.

If the family could support your loan application, you may need very little in terms of a deposit, and then you would be set. The Canberra market has been very strong over the past 12 months and people are clamouring to get into the market. So, if you are renting and want to stop losing money this is the opportunity you don't want to miss.

If you want to take advantage of the opportunity, then call today to arrange an inspection.

Property Details

• Type: Unit
• Bedrooms: 2
• Bathrooms: 1
• Carport Spaces: 1

Eco Friendly Features

EER (Energy Efficiency Rating):