FOR SALE
$460,000 - $480,000

304/1 Elouera Street
Braddon ACT 2612

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
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Prime Investment Opportunity

A superb location in the sought after Midnight Building, a 5-year-old building in the heart of bustling Braddon is now available to purchase, with a new lease for 12 months now in place at $540 .00 per week this not only makes sense but in fact Dollars and cents from a savvy investor's point of view.
With a rental income here of just over $28,000 this year you will finally get smile from your accountant this financial year.
This is a very well presented one bedroom one bathroom one car apartment on the 3 floor for your consideration before the end of the financial year rolls around come June 30th,2024.
The Midnight precinct is a great multipurpose building with secluded atrium garden, a 25-metre indoor pool, gym, and a separate restaurant and bar with plenty of space to relax.
This property is a stone's throw away from the bustling Braddon. Close to the heart of Canberra's CBD and retail centres, transport and schools, this unit combines modern, hassle free living in one.
Features include:
* One bedroom, one bathroom apartment
* European laundry with dryer
* NBN ready
* Split-system reverse cycle to living area
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Property Details for 304/1 Elouera St, Braddon

304/1 Elouera St, Braddon is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 60m2. The place is currently for sale with McIntyre Property.

Building Type
Apartment
Floor Size
60m2

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About Braddon 2612

The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2011 was 4,556 people. By 2016 the population was 5,507 showing a population growth of 20.9% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braddon work in a professional occupation. In 2011, 28.8% of the homes in Braddon were owner-occupied compared with 29.2% in 2016.

Braddon has 5,966 properties. Over the last 5 years, Houses in Braddon have seen a 10.72% increase in median value, while Units have seen a 30.96% increase. As at 30 September 2024:

  • The median value for Houses in Braddon is $1,197,269 while the median value for Units is $533,878.
  • Houses have a median rent of $570 while Units have a median rent of $600.
There are currently 48 properties listed for sale, and 35 properties listed for rent in Braddon on OnTheHouse. According to CoreLogic's data, 242 properties were sold in the past 12 months in Braddon.

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