OFF MARKET

48/84 Northbourne Avenue
Braddon ACT 2612

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 2151m2
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Last updated 11 Nov 2024
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Property Details for 48/84 Northbourne Ave, Braddon

48/84 Northbourne Ave, Braddon is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 2151m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in December 2015.

Building Type
Unit
Year Built
1998
Floor Size
55m2
Land Size
2151m2
Local Government
Canberra Central
Lot/Plan
BRADDON: Block 16, Section 19, Unit 48

Last Listing description (December 2015)

Superbly located & only a short stroll from the City centre, this fourth floor, fully furnished serviced apartment offers an outstanding investment opportunity for someone seeking a high return with a low purchase price & operating costs.
With a dwelling size of 55 square metres, this well-designed one bedroom property has a generous study area as part of the spacious bedroom. The generous open plan living area is complemented by tasteful decor & furnishings, reverse cycle air conditioning, attractive main bathroom, cupboard-style laundry, a practical ergonomic kitchen, & inviting balcony to enjoy the cosmopolitan hub.
Some of the many advantages include comparatively low strata fees, affordable land tax, nil vacancy to the owners, plus no management fees. The managing group (Mantra) pays the bulk of the maintenance fees as well.

This is a minimal hassle investment for owners, with a mouth-watering gross return of $18609 per annum. Leased until October 2018 with an additional 5 year option, it provides long term security for investors. The complex includes a gym, indoor pool, restaurant, bar, lounge areas, sauna, conference facilities & guest parking.
A designated under croft car space comes with this apartment - some of the other apartments within this development do not have this valuable feature.
A copy of the management agreement, a hand out explaining in simple terms how it operates, & an information sheet showing all running costs may be made available on request. The complex began operation in 1998.
*Please note - investment only. Not for residential use.

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Property History for 48/84 Northbourne Ave, Braddon, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$188,000
11 Dec 2015
  • 11 Dec 2015
    Sold for $188,000
  • 28 Nov 2015
    Listed for Sale $190,000+
  • 18 Jun 2004
    Sold for $205,000
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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 26.58% increase in median value, while Units have seen a 25.94% increase. As at 31 October 2024:

  • The median value for Houses in Braddon is $1,240,109 while the median value for Units is $526,227.
  • Houses have a median rent of $570 while Units have a median rent of $600.
There are currently 41 properties listed for sale, and 42 properties listed for rent in Braddon on OnTheHouse. According to CoreLogic's data, 250 properties were sold in the past 12 months in Braddon.

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