OFF MARKET

8/7 Medley Street
Chifley ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 10778m2
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Last updated 16 Sep 2024
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Property Details for 8/7 Medley St, Chifley

8/7 Medley St, Chifley is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 10778m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1970
Floor Size
68m2
Land Size
10778m2
Local Government
Woden Valley
Lot/Plan
CHIFLEY: Block 2, Section 39, Unit 8

Last Listing description (November 2021)

Coming in with an entry level price point and being in original condition, this apartment provides an opportunity to escape the rental market and work on a blank canvas to call your own.

Capturing plenty of light, this open plan layout of living and dining is complimented by a convenient serving bench from the kitchen. Each of the bedrooms have built in robes, the bathroom is of reasonable proportion and functional layout, while the separate laundry provides an extra space uncommon in many modern apartment layouts.

Paired with the combination of a creative imagination and some basic trades, there is potential to make this property upbeat, with modern appeal and that homely feeling.

Alternatively, if you're looking to create or add to your rental portfolio then look no further. Located in the quiet green streets of Chifley, this apartment offers convenience for those working in the Woden Valley, attending surrounding schools and essential amenities which are all attractive perks when looking for a rental property.

With a previous rental income of $400 per week, it's ready to jump straight back on the market or with some TLC you can strive for the higher rental figure.

Outgoings:

Rates: $551 p/qtr (approx.)
Land Tax: (if rented out) $692 p/qtr (approx.)
Living Area: 70m2 + Balcony 10m2 (approx.)
Body Corporate Fees: $865 p/qtr (approx.)
Construction Date: circa 1976

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Property History for 8/7 Medley St, Chifley, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$406,000
17 Nov 2021
Listed for Rent
$395/w
21 Apr 2020
  • 17 Nov 2021
    Sold for $406,000
  • 22 Oct 2021
    Listed for Sale Offers above $315,000
  • 16 Apr 2020
    Listed for Rent $395 / week
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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 1,308 properties. Over the last 5 years, Houses in Chifley have seen a 45.06% increase in median value, while Units have seen a 56.66% increase. As at 31 August 2024:

  • The median value for Houses in Chifley is $1,017,935 while the median value for Units is $520,287.
  • Houses have a median rent of $640 while Units have a median rent of $490.
There are currently 4 properties listed for sale, and 5 properties listed for rent in Chifley on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Chifley.

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