Sold
$272,000
agency logo

62/179 Melrose Drive, Lyons ACT 2606

Unit / Apartment
1110.5
Block size: 1.29 Hectares approx.Unit / Apartment size: 36 m² approx.UV: $9,513,000 (2022)
Can I afford this property?

Fantastic investment opportunity or ideal first home!

This very affordable one bedroom first floor unit is the ideal addition to any investment portfolio or as an excellent option for the live-in owner requiring an easily maintained residence in the heart of the Woden Valley.

Featuring a separate bedroom with a built-in wardrobe, a combined kitchen/meals area, a sunny living area, bathroom, double glazing, plus an allocated carport and storage.

Situated within easy access to Westfield Woden with the many shops, boutiques, restaurants, cafes and clubs - plus access to public transport - virtually on your doorstep.

Whether you are looking for your first investment property - or are seeking an addition to your existing investment portfolio - this affordable entry level property could be the ideal option for you. Alternatively, the property could well be the perfect opportunity for a live-in owner.

In summary, the features include:

- Separate bedroom with a built-in wardrobe
- Double glazing
- Washing machine and clothes dryer included
- First floor location
- Single allocated carport
- Strata: $484.00 per quarter (approx)
- Rates: $504.00 per quarter (approx)
- Land Tax: $619.46 per quarter (approx) (if not principal place of residence)
- Living: 36m2 (approx)
- EER: 0.5 stars
- Rental estimate: $350 per week
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 Tim Stafford to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
1
Bathrooms:
1
Carport spaces:
1
Property type:
Unit / Apartment
Block Size:
1.29 Hectares*
EER:
0.5
Unimproved Value:
$9,513,000 (2022)

Other Details

Block:
2
Section:
53
Unit / Apartment Size:
36 *
Rates (Residential):
$51,604*
Rates (Commercial):
$511,667*
Rates (Rural):
$8,549*
Land Tax (Residential):
$108,113*
Legal description:
WODE/LYON/53/2
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
Luxe Residential Canberra

Maps and area information

Land Details
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Block information
Block 2 Section 53 Lyons
Block size: 1.29Hectares (approx)
Unimproved value: $9,513,000 (2022)
Legal description: WODE/LYON/53/2
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

Sts Peter And Paul Primary SchoolPrimary School
1.2km
Melrose High SchoolHigh School
1.9km
The Canberra HospitalHospital
1.7km
Woden PlazaMajor Shopping Centre
0.3km
Australian National UniversityUniversity
8.1km
Canberra CollegeCollege
0.9km
Phillip Post OfficePost Office
0.3km
Canberra Institute Of TechnologyTafe
1.3km

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
19 Feb 2024
Sold
Luxe Residential Canberra
$272,000
Contract: 19/02/2024
Listed: 05/10/2023
Days on market: 137
Transfer type: Full transfer
08 Jan 2008
Sold
$180,000
Contract: 20/11/2007
Transfer: 08/01/2008
Block size: 12921m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
11 Apr 2002
Sold
$82,000
Contract: 25/02/2002
Transfer: 11/04/2002
Block size: 12921m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
24 Nov 1998
Sold
$40,000
Contract: 13/11/1998
Transfer: 24/11/1998
Listed: 20/12/2001
Block size: 12921m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling

Lyons suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
37 years
Population
3,271
Unimproved value for Lyons
$9,513,000
Listing ID: 181979089. This listing has been viewed 3371 times. It was first displayed on 05/10/2023 and last updated on 19/02/2024.
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.