SOLD
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Sold on 18 Nov 2024 for $467,500

1506/2 Marcus Clarke Street
City ACT 2601

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
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Property Details for 1506/2 Marcus Clarke St, City

1506/2 Marcus Clarke St, City is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Apartment sold in City in the last 12 months.

Building Type
Apartment
Floor Size
78m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 8, Section 8, Unit 1506

Last Listing description (November 2024)

Ready to occupy with the hard work already done, this fresh two bedroom apartment located in the conveniently positioned and amenity rich "Capital Tower", makes for an astute purchase. With new carpet & paint and being offered with vacant possession, the choice is yours, call the City home or make the most of the popular location driving good yields as an investment.

Unlike newer apartments, the living proportions are generous with large north facing windows capturing incredible amounts of natural light and showcasing City views. Enjoy warm mornings from the balcony or visit any one of the coffee shops only a very short walk away. Both bedrooms also face north with built in robes and roller blinds.

The kitchen features a raised oven, electric cooktop, dishwasher, pantry, microwave and serving window. A European laundry fitted with a dryer sits neatly in the bathroom with a shower over bath plus large linen cupboard for added storage.

Being located within the "Capital Tower", you have the unique choice of living in the apartment, renting privately or utilizing the "BreakFree Scheme" operated by Accor Hotels. This allows the unit to be used as a serviced apartment managed by Accor Hotels providing you with good returns and a real set and forget investment.

Features:

• North facing 15th floor apartment
• Brand new carpet and paint
• Convenient City locale
• Complex amenities such as pool, sauna, two tennis courts, gym, squash court
• Balcony
• Built in robes to both bedrooms
• Kitchen with raised oven, electric cooktop, microwave, pantry, dishwasher
• Laundry with dryer
• Heating & cooling usage included in strata levy
• Video intercom
• Allocated basement parking spot
• Concierge desk
• Linen cupboard
• Close to light rail stage 2A, currently under construction
• Roller blinds throughout

Living size: 78.5sqm*
Balcony size: 5sqm*
Strata levy: $2,707.61pq* (Heating & cooling usage included)
Rates: $627pq*
Land Tax: $766pq* (Applicable if not primary place of residence)

*approx.

Property History for 1506/2 Marcus Clarke St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$467,500
18 Nov 2024
Listed for Rent
$490/w
17 Nov 2016
  • 18 Nov 2024
    Sold for $467,500
  • 27 Jun 2024
    Listed for Sale $467,500
  • 24 Aug 2016
    Listed for Rent $490 / week
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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2011 was 2,824 people. By 2016 the population was 4,261 showing a population growth of 50.9% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation. In 2011, 29.9% of the homes in City were owner-occupied compared with 30% in 2016.

City has 3,282 properties. Over the last 5 years, Houses in City have seen a -6.14% decrease in median value, while Units have seen a 12.78% increase. As at 31 October 2024:

  • The median value for Houses in City is $584,044 while the median value for Units is $574,883.
  • Houses have a median rent of $610 while Units have a median rent of $650.
There are currently 47 properties listed for sale, and 46 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 146 properties were sold in the past 12 months in City.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.