OFF MARKET

10 Opal Street
Banks ACT 2906

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 168m2
Land area: 450m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 18 Nov 2024
Low

High
Save

Property Details for 10 Opal St, Banks

10 Opal St, Banks is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 450m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in April 2004.

Building Type
House
Year Built
2004
Floor Size
168m2
Land Size
450m2
Local Government
Tuggeranong
Lot/Plan
BANKS: Block 29, Section 36

Last Listing description (June 2008)

HERE'S VALUE!
TAKE A MOMENT TO CONSIDER THE TRUE MARKET VALUE OF THIS HOME IS NOT REFLECTED IN THE PRICE! IF THERE WERE NO LEASE ATTACHED, THIS PROPERTY WOULD HAVE SOLD WELL ABOVE THE $440K MARK (MONTHS AGO) AND I BELIEVE THERE IS SIGNIFICANT UPSIDE IN THE VALUE. LOOK OUTSIDE THE SQUARE! TAKE ADVANTAGE OF THE SIGNIFICANT TAX DEDUCTIONS-'LEASE HOLD' TITLE ALLOWS AN INVESTOR TO CLAIM THE STAMP DUTY BACK IN THE FIRST YEAR, THAT'S AN INITIAL TAX DEDUCTION OF APPROXIMATELY $16,000 IN THIS INSTANCE. ADD TO THAT THE GOVERNMENT GUARANTEED RENT 52 WEEKS OF THE YEAR AND THE DEPRECIATION BENEFITS THAT ARE AVAILABLE THIS IS GENUINE VALUE FOR MONEY! THIS IS A QUALITY HOME, FAMILY ORIENTATED AND CLOSE TO AMENITIES! COMPLETED IN APRIL 2004, 10 OPAL STREET IS A VERY WELL PRESENTED FOUR BEDROOM HOME WHICH FEATURES A COMBINED FORMAL LOUNGE & DINING ROOM, SEPARATE FAMILY ROOM, STUNNING KITCHEN, A COVERED OUTDOOR ENTERTAINING AREA AND A REMOTE DOUBLE LOCK-UP GARAGE. THE MASTER BEDROOM INCLUDES A WALK-IN ROBE, WHILE BEDROOMS TWO, THREE AND FOUR EACH HAVE BUILT-INS. THE KITCHEN OVERLOOKS THE FAMILY ROOM AND FEATURES LAMINATED BENCH TOPS, GAS COOK TOP AND AN ELECTRIC OVEN. THE PROPERTY IS SITUATED ON A 450M2 BLOCK AND OTHER FEATURES INCLUDE DUCTED GAS HEATING, DUCTED EVAPORATIVE COOLING AND A 170 LITRE GAS HOT WATER TANK. WHAT IF KEVIN RUDD WAS HELPING YOU PAY YOUR MORTGAGE? NOW THERE'S A THOUGHT. CURRENTLY RENTED AT $420 PER WEEK (AND SUBJECT TO ANNUAL REVIEW IN EVERY JANUARY), YOUR RENT IS GUARANTEED FOR THE FULL TERM OF THE LEASE-THERE'S NO PERIOD WHEN YOU ARE WITHOUT RENTAL INCOME. THE BENEFITS HERE ARE IN THE LONG TERM LEASE (4 YEARS PLUS 2 YEAR OPTION) AND THE BACKING OF AN AUSTRALIAN GOVERNMENT TENANT. TAKE ADVANTAGE OF THE TAX BENEFITS AND YOU WILL REALISE THAT HOME OWNERSHIP IS WITHIN YOUR GRASP. THERE'S VERY LITTLE IN THIS WORLD THAT COMPARES TO A DEFENCE HOUSING AUTHORITY (DHA) LEASE. RECENT EVENTS ON GLOBAL STOCK MARKETS HIGHLIGHT 'BRICKS AND MORTAR' AS A VERY SAFE INVESTMENT! PLEASE CALL TO DISCUSS. EER:2.5

Property History for 10 Opal St, Banks, ACT 2906

A timeline of how this property has performed in the market
Last Sold
$384,000
30 Apr 2004
  • 28 Jan 2008
    Listed for Sale BY NEGOTIATION
  • 30 Apr 2004
    Sold for $384,000

Commute Calculator

About Banks 2906

The size of Banks is approximately 2.3 square kilometres. It has 8 parks covering nearly 13.3% of total area. The population of Banks in 2011 was 5,060 people. By 2016 the population was 4,966 showing a population decline of 1.9% in the area during that time. The predominant age group in Banks is 0-9 years. Households in Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banks work in a clerical occupation. In 2011, 79.3% of the homes in Banks were owner-occupied compared with 78.1% in 2016.

Banks has 1,915 properties. Over the last 5 years, Houses in Banks have seen a 45.54% increase in median value, while Units have seen a 63.93% increase. As at 31 October 2024:

  • The median value for Houses in Banks is $811,722 while the median value for Units is $668,507.
  • Houses have a median rent of $615 while Units have a median rent of $560.
There are currently 6 properties listed for sale, and 1 property listed for rent in Banks on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Banks.

Suburb Insights for Banks 2906

Market Insights
Banks Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Banks Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
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.