Sold
$410,000
agency logo

516/74 Northbourne Avenue, Braddon ACT 2612

Apartment
1116.0
Block size: 4171 m² approx.UV: $12,075,000 (2022)

Large 1 bedroom unit, buy it fully furnished or vacant, plus you can even move in now

The James Court development has consistently been popular with live in owners and investors because its perfectly positioned on the edge of Braddon, literally bordering both the City and Turner. The unit can be purchased fully furnished for free if you want the furniture too. Don’t want the furniture? No worries, it can be sold completely vacant.
This unit offers both live in owners and investors many options:

Live in owners:
• Buyers can move in and live in the unit as normal OR if you need a unit periodically you can rent it through Airbnb and simply block out the dates you need it, simple.
• Want early access prior to settlement and a guaranteed move in date? Well good news, we can make that happen. Your next chapter is calling your name, and this apartment makes living cool, calm and care-free, plus with vacant possession and early access on offer you could be unlocking your new front door sooner than you think.

Investors look at these numbers:
• The rental income potential is excellent at $510/week or $26,520/year based on a 12 month lease.
• If rented through Airbnb on a short basis the rental potential would much higher than this too.
• Investors have the flexibility to rent the unit through Airbnb, a property manager or potentially through Medina’s serviced apartment scheme.
• Early access is available to your property manager so tenants can view the unit and be pre signed prior to settlement.

Make sure to watch our detailed, walk through video it’s our 24/7 salesperson for you to get an excellent feel for the features and benefits of this apartment inside and out. It’s the most informative property video you will watch during your property search, but don’t just take our word for it.

To get a copy of the digital brochure containing an explanation of our friendly sales campaign and the full contract, just send us an email and it will be automatically sent to you.

Features overview:
• Vacant and ready for you now
• Early access prior to settlement available so you can move in straight away
• Located on Canberra's light rail network line which currently serves the city centre through to Gungahlin and is planned to be extended through the Parliamentary triangle to the Woden Town Centre
• Buy it fully furnished with everything you see or completely vacant, you can choose
• Light, bright, and airy
• Elevated position
• Large kitchen with lots of bench space and cupboards including a dishwasher, oven, cooktop, and range hood
• Spacious open plan living area with floor to ceiling windows
• Reverse cycle air conditioning units (cooling & heating) in the living area and bedroom
• Bedroom with triple mirrored robes plus sliding door access to the balcony
• Bathroom with spa bath/shower, plus separate toilet
• European laundry design with washing machine and dryer
• Block out curtains
• Fully covered balcony
• Double linen cupboard
• Single allocated car space in the basement

The James Court development:
• Located on the border to both the City and Turner, adjacent with Canberra’s light rail network line.
• 24 hour reception that can used by live in owners also for the collection of mail, parcels etc
• NBN – FTTB
• Pet-friendly (subject to body corporate notification)
• Bike storage in the basement
• Located a 2 minute walk away to the heart of Braddons Café and Restaurant precent
• Conveniently located a 5 minute walk to the City
• Numerous security cameras throughout the building
• Lift access direct from basement & foyer to your level
• Onsite facilities include gym, pool & sauna, bbqs, rubbish chute on every floor
• CCTV
• Strata manager – Vantage Strata
• Units plan number 1144
• Number of units in development: 197

The numbers: (approx)
• Level 5
• Rental potential: $510/week (fully furnished)
• Don’t have a car? Rent out this highly desired car park location for $50/week = $2,600/year
• General rates: $1,709.a.
• Water & sewerage rates: $670p.a.
• Land tax (investors only): $2,042p.a.
• Strata levies: $5,341 p.a.
• Total of the Administrative and Sinking fund balance: $893,123 as of 30/01/2024
• Living: 65m²
• Balcony: 6m²
• Total: 71m2
• EER: 6 stars
• Age: 30 years approx. Built 1994

To Help Buyers
• We advertise a guide price which your offer must exceed. 
• Offers can be conditional (subject to finance/valuation) or unconditional and on a contract with a waiver of the cooling off (preferred)
• We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required
• All offers are confidential & will not disclosed to other buyers for privacy purposes. 
• A 5% deposit is acceptable
Features
  • Allocated Car Space
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast

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

Key details

Bedrooms:
1
Bathrooms:
1
Parking:
1
Property type:
Apartment
Block Size:
4171 *
EER:
6
Unimproved Value:
$12,075,000 (2022)

Other Details

Block:
15
Section:
19
Rates (Residential):
$65,341*
Rates (Commercial):
$650,146*
Rates (Rural):
$10,688*
Land Tax (Residential):
$137,320*
Legal description:
CANB/BRAD/19/15
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
Suburbia Real Estate

Maps and area information

Land Details
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Block information
Block 15 Section 19 Braddon
Block size: 4171 (approx)
Unimproved value: $12,075,000 (2022)
Legal description: CANB/BRAD/19/15
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Need more info? We've got you covered.
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

Ainslie Primary SchoolPrimary School
0.9km
Campbell High SchoolHigh School
1.6km
Calvary Private HospitalHospital
4.7km
Canberra CentreMajor Shopping Centre
0.6km
Australian National UniversityUniversity
1.3km
Merici CollegeCollege
1.2km
Braddon Newsagency & Post OfficePost Office
0.3km
Aust. Defence AcademyTafe
3.3km

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
20 Feb 2024
Sold
Suburbia Real Estate
$410,000
Contract: 20/02/2024
Listed: 08/02/2024
Days on market: 12
Transfer type: Full transfer

Braddon suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
30 years
Population
6,383
Unimproved value for Braddon
$12,075,000
Listing ID: 182282292. This listing has been viewed 905 times. It was first displayed on 08/02/2024 and last updated on 28/03/2024.
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.