Auction 04/05/24

17/5 Kerridge Street, Kingston ACT 2604

Apartment

1114.0

Block size: 2413 m² approx.Apartment size: 61 m² approx.UV: $6,500,000 (2022)On floor: 2 of 6

Fantastic Apartment, Unbelievable Yield Potential

17/5 Kerridge St Kingston offers a fantastic mix of style, location, amazing potential yield as an investment property, and available now for sale!

The home - Set in the Azure complex, with a Easterly aspect, the home is accessed via stairs or large central lift. 61sqm of living encompassing a well spaced kitchen, large lounge area, bedroom and stylish bathroom and balcony, it is a great option for those looking for comfort and low maintenance.

The kitchen offers stone benchtops, lots of storage, large integrated fridge, as well as all the modern appliances. The living room allows natural light to stream in through the double glazed windows with electronic blind controls, and plenty of space for the home entertainment system, lounge, study and dining table. With direct access to the balcony and eastern aspect, the bedroom is the perfect place to wake up on a Sunday morning - enjoy the light, walks to the Jerrabomberra Wetlands and Kingston Foreshore cafes, shops and markets.

The bathroom has all the requirements you'll need, built around style, comfort and durability, and a large wash closet finish off the interior of this beautiful home. The top floor of the building offers plenty of seating and BBQ for residents to use with simply cracking views, and the basement offers a secure carpark and storage cage.

The Investment - This would make an excellent investment to add to your portfolio. The furnished 1bed rentals in Kingston have had a great uptake this year in particular, and we'll happily provide a 'Rental Comparison' supporting weekly rent of above $600/week. The home will be sold as 'vacant-possession' (so no ongoing tenants to worry about, we can just start fresh) but has achieved constant returns of well above $600/week.

The location - Kingston Foreshore holds the record for the most in demand suburb in Canberra, and it looks like this will continue well into the future. For some its the easy access to centres of business and politics, others the proximity to defence headquarters, while others love being surrounded by water and walking through the Wetlands in the morning before getting breakfast and looking out over the lake.

Whatever the reason you love the area call us today to arrange your viewing!

Features

Allocated Car Space
Body Corporate
Dishwasher
Double Glazed Windows
Hopper
Intercom
Network Cabling
Outdoor Entertaining Area
Reverse Cycle a/c
Shower
Slab Construction

Inspections

Saturday, 20 Apr10:30am - 10:50am

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Contact Stuart Dovers to enquire about this property including alternatives to in-person inspections.

Auction

Saturday 4 May, 11:00am

On Site

Key details

Bedrooms:

Bathrooms:

Parking:

Property type:

Apartment

Block Size:

2413 m²^*

EER:

Unimproved Value:

$6,500,000 (2022)

Other Details

Block:

Section:

Apartment Size:

61 m²^*

Floor:

2 of 6

Rates (Residential):

$34,108^*

Rates (Commercial):

$335,299^*

Rates (Rural):

$5,824^*

Land Tax (Residential):

$70,915^*

Legal description:

CANB/KING/66/2

^*These are approximate values based on available information.

Next Inspection:

Sat 20 Apr,

10:30 AM

Stuart Dovers
Dovers & Co Property Services PTY LTD

Maps and area information

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Block information

Block 2 Section 66 Kingston

Block size: 2413m² (approx)

Unimproved value: $6,500,000 (2022)

Legal description: CANB/KING/66/2

Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.

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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.

Nearby sales

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We found 31 apartments with 1 bedrooms that just sold near 17/5 Kerridge Street Kingston

What's nearby

Telopea Primary SchoolPrimary School

1.4km

Telopea High SchoolHigh School

1.4km

The Canberra HospitalHospital

5.7km

Canberra CentreMajor Shopping Centre

4km

Australian National UniversityUniversity

4.7km

Aust. Federal Police CollCollege

1.2km

Kingston Post OfficePost Office

0.7km

Canberra Institute Of TechnologyTafe

1.8km

Property history

We couldn't find any history for this property.

See Kingston's suburb profile

Kingston suburb information

A little bit about who lives locally, as provided by government census data

SummaryMedian salesUnimproved value

Average Age

35 years

Population

6,579

Unimproved value for Kingston

$6,500,000

Listing ID: 182144490. This listing has been viewed 1161 times. It was first displayed on 09/04/2024 and last updated on 17/04/2024.

Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.

"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.