OFF MARKET

109/2-8 Akuna Street
City ACT 2601

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 56m2
Land area: 2306m2
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Last updated 11 Nov 2024
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Property Details for 109/2-8 Akuna St, City

109/2-8 Akuna St, City is a 1 bedroom, 1 bathroom Unit and was built in 1972. The property has a land size of 2306m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in February 2013.

Building Type
Unit
Year Built
1972
Floor Size
56m2
Land Size
2306m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 13, Section 12, Unit 109

Last Listing description (June 2023)

Fully furnished and equipped, oversized studio in a perfect location in the heart of the City, just bring your clothes! This light and versatile property is just a few minutes walk from the Canberra Centre, Theatre, Casino and a wide variety of shops and entertainment venues.

This property would make a perfect central base for the busy professional looking to simplify their life, or a clever, high-yield investment opportunity. With potential rental income at $400-460 per week, the numbers speak for themselves.

There is no permanently owned car space associated with this property. It is fortunate, however, that the entire Canberra CBD is practically at your doorstep, and there is also easy access to public transport if you need to travel farther afield.

This secure complex offers 24 hour reception, indoor heated lap pool, spa, half size tennis court, BBQ area, guest lounge and fully equipped gymnasium.

Features include:
- Fully furnished studio apartment
- Full sized, equipped kitchen with dishwasher and under bench oven
- Reverse cycle heating and cooling
- Built in robes
- European style laundry
- Bathtub

EER: 6.0
Living: 56m2
Balcony: 7m2
Rates: $463.00 approx. per quarter
Land tax (if rented): $558.83 approx. per quarter
Strata: $1418.36 approx. per quarter

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Property History for 109/2-8 Akuna St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$299,900
07 Feb 2013
Listed for Rent
07 Mar 2023
  • 31 Oct 2022
    Listed for Sale Under Contract
  • 02 Dec 2020
    Listed for Rent $400 / week
  • 18 Jun 2020
    Listed for Rent $400 / week
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About City 2601

The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2011 was 2,824 people. By 2016 the population was 4,261 showing a population growth of 50.9% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation. In 2011, 29.9% of the homes in City were owner-occupied compared with 30% in 2016.

City has 3,283 properties. Over the last 5 years, Houses in City have seen a -6.14% decrease in median value, while Units have seen a 12.78% increase. As at 31 October 2024:

  • The median value for Houses in City is $584,044 while the median value for Units is $574,883.
  • Houses have a median rent of $610 while Units have a median rent of $650.
There are currently 46 properties listed for sale, and 46 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 146 properties were sold in the past 12 months in City.

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