SOLD
Sold on 19 Feb 2024 for $360,000

514/120 Eastern Valley Way
Belconnen ACT 2617

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 2224m2
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Property Details for 514/120 Eastern Valley Way, Belconnen

514/120 Eastern Valley Way, Belconnen is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 2224m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Belconnen in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
51m2
Land Size
2224m2
Local Government
Belconnen
Lot/Plan
BELCONNEN: Block 9, Section 47, Unit 14

Last Listing description (July 2023)

The Wayfarer will prove Way Better than any other unit on its level with its distinct differences and a full circle of Location, Lifestyle and Comfort together with Style, Class, and Quality.

Enjoy gorgeous unobstructed country views across Aranda on a fifth floor level where you can look down without feeling squeamish and nothing is ant size. Yet you are high enough for the views on offer and privacy.

Light and bright throughout with floor to ceiling double glaze windows, the property is now vacant and ready to occupy.

There have been brand new quality boards put in for the new owner. The open plan living steps out to an expansive balcony which is the perfect oasis to entertain and relax.

In excellent condition, step in to appreciate:

* Open plan, easy care living
* A well appointed kitchen with stone bench tops, a dishwasher and an induction cooktop
* The main bedroom has built in robes and is supported by a fully tiled bathroom
* An RC/AC ensures year round comfort
* A European laundry and intercom system
* Access to an amazing swimming pool and sky lounge
* Security parking with storage
* A sensational location with walking distance to Ginniderra lake, shops and all amenities

Year built: 2011
Living size: 53sqm
Balcony: 23 sqm
Stata: $3,248 p.a.
Rates: $2,138 p.a.
Land Tax (investor): $2321 p.a
Expected rent $440- $460 p.w

Apartment buying can be confusing, frustrating, and stressful. This exceptional property makes it all too easy.

Perfect for downsizers who are too young for a retirement home. Parents with university children should also look closely at the option of investing here, a far better option than a university room.

Disclaimer:
All information contained herein is gathered from external sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries and satisfy themselves in all respects.

Property History for 514/120 Eastern Valley Way, Belconnen, ACT 2617

A timeline of how this property has performed in the market
Last Sold
$360,000
19 Feb 2024
Listed for Rent
$475/w
29 Jun 2023
  • 19 Feb 2024
    Sold for $360,000
  • 22 Jun 2023
    Listed for Rent $475 / week
  • 30 May 2023
    Sold for $360,000
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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 6,029 properties. Over the last 5 years, Houses in Belconnen have seen a 12.34% increase in median value, while Units have seen a 31.83% increase. As at 30 September 2024:

  • The median value for Houses in Belconnen is $500,027 while the median value for Units is $495,482.
  • Houses have a median rent of $550 while Units have a median rent of $540.
There are currently 65 properties listed for sale, and 44 properties listed for rent in Belconnen on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Belconnen.

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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.