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47 McMillan Crescent, Griffith ACT 2603

Apartment111.0
Apartment size: 40 m² approx.UV: $2,934,000 (2020)

A fantastic investment opportunity!

McMillan Gardens is the perfect place to start your investment portfolio. This 1 bedroom, 1 bathroom apartment is returning a staggering 6% rental return.

Nestled between the Kingston Foreshore and Manuka you have the best of both worlds with restaurants and bars, boutique shopping and supermarkets at your finger tips.  

Recently refirbished, this 1 bedroom unit will make the perfect first home or investment.

Immediate access to public transport and only a 5 minute drive to the Central Business District of Canberra.

Take advantage of the short walk to the Fyshwick Fresh Food Markets for a healthy lifestyle or relax at one of many restaurants and bars at the Kingston Foreshore.

There are plenty of paths near by, great for walking or cycling at the Wetlands next to Canberra’s number one feature, Lake Burley Griffin.

An incredible opportunity not to be missed!


6% Rental Return
Body Corporate $3,709 per annum
1 Bedroom
1 Bathroom
1 Carpark space
Swimming Pool
Next to Kingston Foreshore and Manuka
Only 5.3kms from the CBD.

Features
  • Air Conditioning
  • Broadband
  • Swimming Pool
Can I afford this property?

Inspections

No open inspections scheduled.

Send an enquiry

Contact Tony Barker to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Apartment
Block:10
Section:84
Apartment Size:40 *
Unimproved Value:$2,934,000 (2020)
Rates (Residential):$18,012*
Rates (Commercial):$150,660*
Rates (Rural):$4,994*
Land Tax (Residential):$32,316*
*These are approximate values based on available information.

Past sales

Property History
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We've built you a better time machine. Find it in the new property history section.
Crowthers

Maps and area information

Land Details
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Block information
Block 10 Section 84 Griffith
Unimproved value: $2,934,000 (2020)
Legal description: CANB/GRIF/84/10/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2021.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

What's nearby

St Benedict's Primary SchoolPrimary School
1.1km
Telopea High SchoolHigh School
2km
The Canberra HospitalHospital
5.1km
Canberra CentreMajor Shopping Centre
5.2km
Australian National UniversityUniversity
5.8km
St Clare's CollegeCollege
0.3km
Kingston Post OfficePost Office
1.3km
Canberra Institute Of TechnologyTafe
0.8km

Property history
New

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
17 Jul 2019
Sold
Ray White Queanbeyan/Jerrabomberra
$270,000
Contract: 17/07/2019
Listed: 12/06/2018
Days on market: 400
Transfer type: Full transfer

Suburb and property insights

Median salesMedian salesUnimproved value for 47 McMillan CrescentUnimproved value for 47 McMillan Crescent
Median Sale Price For Griffith
$557,450
Average Age
41 years
Population
4,575
Griffith's Property Profile
Griffith's Occupancy
Average Age
41 years
Population
4,575
Griffith's Property Profile
Griffith's Occupancy

Contact agents

Crowthers

Crowthers

View agency details
Tony BarkerCrowthers
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Listing ID: 177978838. This listing has been viewed 2440 times. It was first displayed on 19/02/2020 and last updated on 16/11/2020.