OFF MARKET

40/17 Medley Street
Chifley ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 79m2
Land area: 10736m2
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Last updated 11 Nov 2024
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Property Details for 40/17 Medley St, Chifley

40/17 Medley St, Chifley is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1978. The property has a land size of 10736m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Year Built
1978
Floor Size
79m2
Land Size
10736m2
Local Government
Woden Valley
Lot/Plan
CHIFLEY: Block 1, Section 40, Unit 40

Last Listing description (April 2021)

A "rent buster" special for first home buyers.

This represents an opportunity to give your landlord the flick and start paying off your own mortgage, not his. And yes, the figures are right, you can enjoy the benefits of ownership at a price that is less than the weekly rental this property would attract. It's called a no brainer when you have the opportunity to start the new year as a homeowner.

All you need do is come up with the deposit and the other costs and you could get off the rental treadmill and fix your stake in the Canberra property market. If it sounds too good to be true, then come have a look and we can discuss what you need to do.

So, what do you get? Firstly, this is a 2 bedroom unit in a solid brick, older style project. It has a separate laundry and a separate bathroom, comprising a WC, bath and separate shower recess. Plus, there is a good size living dining area and separate kitchen, as well as a balcony. There is a covered carport under the building and your own storage cupboard. Plus, the building has a security door access to the stairwell, all controlled from your unit.

Located in the middle of the Woden Valley means it is only a 10-minute stroll to the local shops or to Woden. And if you want to drive, the easy access to the Canberra road network means it is 15 minutes to the City and less to Russell and/or the Parliamentary Triangle. Just Magic.

So, what's the catch. Well, the property has been rented for many years so let's not be shy; it will need a bit of a tidy up and some renovation, just like on the TV show - The Block. But with this property you could live there while you did all the work yourself.

If the family could support your loan application, you may need very little in terms of a deposit, and then you would be set. The Canberra market has been very strong over the past 12 months and people are clamouring to get into the market. So, if you are renting and want to stop losing money this is the opportunity you don't want to miss.

If you want to take advantage of the opportunity, then call today to arrange an inspection.

Property History for 40/17 Medley St, Chifley, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$330,000
02 Mar 2021
  • 02 Mar 2021
    Sold for $330,000
  • 03 Feb 2021
    Listed for Sale $330,000
  • 09 Feb 2001
    Sold for $122,000
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About Chifley 2606

The size of Chifley is approximately 1.6 square kilometres. It has 7 parks covering nearly 31.7% of total area. The population of Chifley in 2011 was 2,489 people. By 2016 the population was 2,414 showing a population decline of 3.0% in the area during that time. The predominant age group in Chifley is 30-39 years. Households in Chifley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chifley work in a professional occupation. In 2011, 61.5% of the homes in Chifley were owner-occupied compared with 60.3% in 2016.

Chifley has 1,303 properties. Over the last 5 years, Houses in Chifley have seen a 40.84% increase in median value, while Units have seen a 46.90% increase. As at 31 October 2024:

  • The median value for Houses in Chifley is $1,049,777 while the median value for Units is $493,032.
  • Houses have a median rent of $650 while Units have a median rent of $493.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Chifley on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Chifley.

Suburb Insights for Chifley 2606

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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.