SOLD
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Sold on 02 Aug 2024 for $600,000

63-67 Constitution Avenue
Campbell ACT 2612

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 3024m2
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Property Details for 63-67 Constitution Ave, Campbell

63-67 Constitution Ave, Campbell is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 3024m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Campbell in the last 12 months.

Building Type
Unit
Land Size
3024m2
Local Government
Canberra Central
Lot/Plan
CAMPBELL: Block 33, Section 19

Last Listing description (November 2024)

*Please note, this property is on a fixed-term lease with DHA. This property cannot be lived in until after the DHA lease expires*.

INVESTORS: If you are searching for a stress-free low maintenance investment with fantastic scope for capital growth, this beautiful 2-bedroom, located in Campbell will suit you perfectly! There is a secure DHA (Defence Housing Australia) lease in place with your rent guaranteed until the end of the lease on 27 October 2028. Currently rented at $530 per week, returning an excellent investor yield. Modern and spacious and perfect for investors looking for good long-term growth and the security of guaranteed rent from a DHA (Defence Housing Australia) lease.

Even if the property is without a tenant for some time, DHA will still pay the rent while it's vacant. At the end of the lease, you can make the choice to sell, rent out or live in yourself after DHA conduct their end of lease make good.

DHA:
- Lease start date: 28/10/2016
- Lease end date: 27/10/2028
- Rent: $610 per week with an annual review
- Management Fee: 11.82% + GST (10%)
- Net rent per month (excluding all fees): $2,307.54

Features Overview:
- Single level floorplan on the fourth floor
- NBN connected with FTTP
- Age: 9 years (built in 2015)
- Units plan number: 4165
- EER (Energy Efficiency Rating): 6 Stars

Development Information:
- Name of development: Creswell v3
- Number of buildings in development: 40
- Strata management: Grady Strata & Facilities

Sizes (Approx)
- Internal Living: 53 sqm
- Balcony: 9 sqm
- Total Residence: 62 sqm

Prices
- Strata Levies: $1,551.35 per quarter
- Water: $200 per quarter
- Rates: $496.21 per quarter
- Land Tax (Investors only): $660.11 per quarter

Inside:
- Bedrooms with built-in robes
- Well-appointed bathroom with full-sized tub
- European-style laundry in bathroom for efficient use of space
- Open-plan living and dining area with natural light
- Kitchen with ample bench space and storage
- Single car space with secure parking

Outside:
- Balcony perfect for morning coffee or evening relaxation

This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property.

Disclaimer: The material and information contained within this marketing is for general information purposes only. Stone Gungahlin does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.

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Property History for 63-67 Constitution Ave, Campbell, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$600,000
02 Aug 2024
Listed for Rent
$111k/w
05 Jun 2019
  • 26 Sep 2024
    Listed for Sale $649,950
  • 02 Aug 2024
    Sold for $600,000
  • 05 Jul 2024
    Listed for Sale $600,000
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About Campbell 2612

The size of Campbell is approximately 5.5 square kilometres. It has 26 parks covering nearly 37.4% of total area. The population of Campbell in 2011 was 4,928 people. By 2016 the population was 4,989 showing a population growth of 1.2% in the area during that time. The predominant age group in Campbell is 20-29 years. Households in Campbell are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Campbell work in a managers occupation. In 2011, 61.1% of the homes in Campbell were owner-occupied compared with 60.4% in 2016.

Campbell has 2,638 properties. Over the last 5 years, Houses in Campbell have seen a 71.28% increase in median value, while Units have seen a 45.25% increase. As at 31 October 2024:

  • The median value for Houses in Campbell is $1,992,526 while the median value for Units is $671,233.
  • Houses have a median rent of $730 while Units have a median rent of $640.
There are currently 34 properties listed for sale, and 14 properties listed for rent in Campbell on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in Campbell.

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