SOLD
Sold on 22 Feb 2024 for $1,260,000

4/5 Park Street
Belconnen ACT 2617

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3255m2
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Property Details for 4/5 Park St, Belconnen

Building Type
Commercial
Land Size
3255m2
Local Government
Belconnen
Lot/Plan
BELCONNEN: Block 4, Section 8, Unit 4

Last Listing description (March 2024)

Units 1 & 4/ 5 Park Street, Belconnen

The property is in a prime Belconnen location with proximity to the Westfield Belconnen Shopping Centre. The Belconnen Service Trades area is located approximately 10 minutes' drive northwest of the Canberra CBD and adjoins the Belconnen Town Centre Core Zone.

Unit 1

270sqm
Leased until October 2026
Solid investment
$950,000 (ex GST)

Unit 4
349sqm
Monthly lease
Suit potential owner occupier
$1,325,000 (ex GST)

Property History for 4/5 Park St, Belconnen, ACT 2617

A timeline of how this property has performed in the market
Last Sold
$1,260,000
22 Feb 2024
  • 22 Feb 2024
    Sold for $1,260,000
  • 27 Nov 2023
    Listed for Sale Private Treaty
  • 28 Jun 2007
    Sold for $210,000
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About Belconnen 2617

The size of Belconnen is approximately 4.4 square kilometres. It has 6 parks covering nearly 26.3% of total area. The population of Belconnen in 2011 was 4,437 people. By 2016 the population was 6,644 showing a population growth of 49.7% in the area during that time. The predominant age group in Belconnen is 20-29 years. Households in Belconnen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belconnen work in a professional occupation. In 2011, 33.8% of the homes in Belconnen were owner-occupied compared with 29.2% in 2016.

Belconnen has 6,031 properties. Over the last 5 years, Houses in Belconnen have seen a 0.02% increase in median value, while Units have seen a 29.69% increase. As at 30 November 2024:

  • The median value for Houses in Belconnen is $457,727 while the median value for Units is $497,658.
  • Houses have a median rent of $550 while Units have a median rent of $540.
There are currently 59 properties listed for sale, and 47 properties listed for rent in Belconnen on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Belconnen.

Suburb Insights for Belconnen 2617

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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.