Sold
Auction - $500,000
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143/72 College Street, Belconnen ACT 2617

Unit / Apartment2116.0
UV: $4,410,000 (2021)
Can I afford this property?

Penthouse level on Northeast corner

Buyers Guide from $440,000

Conveniently located in the flourishing Belconnen Town Centre, this elevated, top (7th) floor, single level, 2 bedroom apartment in the 'Oracle' complex provides the epitome of chic city living with an affordable price-tag.

This vacant apartment contains a stylish and practical kitchen with stone bench tops & stainless-steel appliances including a dishwasher. This overlooks the spacious light filled living room with a wall mounted reverse cycle air conditioning unit for year-round comfort. The entertaining extends outside to the covered balcony, the ideal place for your plants and vegies to thrive and it also has an impressive outlook to the North and East.

The generously sized main bedroom includes a walk-through robe in to the bathroom and the 2nd bedroom with its built in robe is right next door for the convenience of having young kids close by. The bathroom features full height tiling & designer fittings and offers a shower, vanity, and toilet. The most convenient allocated car space in the restricted access basement plus secure access to the building for your safety completes the picture.

The resort style on site sports facilities will help make every day feel like a holiday and you will get access to the heated pool, gym, massage, sauna & steam rooms, think what you will save on memberships.

Ideal for investors looking for a stress free, high yielding, tax deductable investment this close to the end of the financial year, or first home buyers looking to get off the rental roundabout and wanting to take advantage of such low interest rates to pay off their own asset.

To get a copy of the digital brochure containing an explanation of our friendly sales campaign and the full contract, please send us an email and note your full name and mobile number and it will be automatically sent to you immediately.

Features Overview:
- Single level floorplan
-Top floor (7th level) and corner position so open on 2 sides and only 1 neighbour
- North and East aspect allowing in lots of natural light
- On site facilities include a heated pool, gym & sauna for use by all residents
- New paint and carpets throughout
- Pet friendly development (subject to strata notification)
- Vacant possession (no waiting for tenants or owners to move) so a quick occupation can be facilitated
- Flexible settlement options on offer if you have another property you want, or need, to sell

The Numbers (approx):
- Apartment size: 79m2
- Balcony size: 18.5m2
- Level in building: 7 of 7
- Age of property: 12.5 years (built Dec 2009)
- General Rates: $1,510 p.a.
- Land Tax (investors only): $1,768 p.a.
- Water & sewerage rates: $684 p.a.
- Strata levies: $4,679 p.a.
- Rental potential (unfurnished): $480/wk
- EER 6 stars
- Name of development: Oracle
- Developer: Amalgamated Property Group
- Number of properties in development: 143
- Strata manager and contact number: Independent Strata – phone: 62091515
- Units plan number: 3395
- Current balance of admin fund as of 16/03/2022: $58,013
- Current balance of sinking fund as of 16/03/2022: $1,238,392

Features Overview:
- Modern kitchen & bathroom, both with stone bench tops
- Stainless steel appliances in kitchen
- Dishwasher & dryer included in sale
- Main bedroom has walk through robe into bathroom (ensuite-style)
- Second bedroom has mirrored, sliding door built in robes
- Private and covered 18.5m2 balcony
- Reverse cycle air conditioning unit in lounge
- Intercom access for guests
- Lift access from basement and ground to your floor (no stairs)
- Single allocated basement parking space plus large storage enclosure
- Ample visitor parking off the road outside the building
- Strong rental yield and easy-care investment proposition just in time for the end of the financial year
- Close to markets, shops, gyms, offices, reserves, play grounds, Canberra Hospital, University of Canberra, AIS and Lake Ginninderra
- Excellent energy efficiency rating of 6 stars
Features
  • Allocated Car Space

Inspections

No open inspections scheduled.

Send an enquiry

Contact Mark Larmer And Aaron Lewis to learn more about this property, request an inspection or take an online tour.

Property walkthrough

Auction

Tuesday 10 May, 3:00pm
On site

Key details

Property Type:Unit / Apartment
Block:10
Section:44
Unimproved Value:$4,410,000 (2021)
Rates (Residential):$19,424*
Rates (Commercial):$152,047*
Rates (Rural):$5,012*
Land Tax (Residential):$32,562*
*These are approximate values based on available information.
Independent Our Team

Maps and area information

Land Details
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Block information
Block 10 Section 44 Belconnen
Unimproved value: $4,410,000 (2021)
Legal description: BELC/BELC/44/10
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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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.
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Enrolment areas for ACT public schools.

What's nearby

Macquarie PrimaryPrimary School
1.2km
Canberra High SchoolHigh School
1.2km
Calvary Private HospitalHospital
2.1km
Belconnen MallMajor Shopping Centre
0.5km
University Of CanberraUniversity
1.6km
Lake Ginninderra CollegeCollege
0.7km
Belconnen Post OfficePost Office
0.5km
Aust. Defence AcademyTafe
10km

Home Loans

RepaymentsStamp duty & upfront costs

Property history

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
10 May 2022
Sold at auction
Independent Our Team
$500,000
Contract: 10/05/2022
Listed: 22/04/2022
Days on market: 18
Transfer type: Full transfer

Suburb and property insights

About Belconnen

Canberra auctions: Watson home passes in at $1.3 million on a Super Saturday
Auctions
Median salesUnimproved value for 143/72 College Street
Median Sale Price For Belconnen
$500,000
Average Age
30 years
Population
6,657
Belconnen's Property Profile
Belconnen's Occupancy

Contact agents

Independent Our Team

Independent Our Team

View agency details
Mark Larmer And Aaron LewisIndependent Our Team
Jason El-KhouryIndependent Our Team
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Listing ID: 180562864. This listing has been viewed 2901 times. It was first displayed on 22/04/2022 and last updated on 14/06/2022.