SOLD
Sold on 23 Aug 2024 for $250,000

112/2-8 Akuna Street
City ACT 2601

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 43m2
Land area: 2306m2
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Property Details for 112/2-8 Akuna St, City

112/2-8 Akuna St, City is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 2306m2 and floor size of 43m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in City in the last 12 months.

Building Type
Unit
Year Built
2000
Floor Size
43m2
Land Size
2306m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 13, Section 12, Unit 112

Last Listing description (March 2021)

Nest or Invest - Location, location, location!

New to the market is this delightful City apartment that has been freshly painted & re-carpeted throughout. It includes a large workable kitchen with stone benchtops, lots of storage space & stainless steel appliances.

Nestled in the heart of Canberra city & situated on the first floor, this open plan apartment boasts a large 16m2 balcony ideal for entertaining. Relax with a cup of coffee from your local caf & enjoy outdoor living from your oversized balcony. The apartment location & convenient lifestyle is perfect for either a live-in buyer looking for great value or an investor looking for a combination of high yield and a great location.

There is an almost endless list of food options, entertainment venues, employment & lifestyle activities right on your doorstep. These include The Canberra Centre, numerous eateries, theatre, social entertainment & the business hub of Canberra.

Features:
- Vacant and ready to move into now
- Open plan living area
- Large 16m2 balcony
- Freshly painted & new carpet
- European style laundry
- Fisher & Paykel appliances
- Washing machine, dryer & fridge

Around the Area:
- 170m Civic Square
- 200m Canberra Centre
- 210m Casino Canberra
- 240m Canberra Museum & Gallery
- 400m Canberra Olympic Pool
- 450m Glebe Park
- 550m Canberra Theatre Centre
- 1.1km Lonsdale St, Braddon presenting itself with many restaurants
- 1.7km Australian National University

Essentials:

EER: 6
Living area: 43m2
Balcony area: 16m2
Total area: 59m2
Rates: $1,647 pa approx..
Land tax (investors only): $2,001 pa approx..
Age: 20 years
Expected Rental return: $370 - $400
Strata Levies: $5,579
Strata Manager: Civium
Units Plan Number: 1792

Property History for 112/2-8 Akuna St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$250,000
23 Aug 2024
Listed for Rent
$350/w
09 Mar 2017
  • 23 Aug 2024
    Sold for $250,000
  • 09 Oct 2023
    Sold for $207,000
  • 17 Dec 2020
    Listed for Sale $299,500
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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 3,285 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 44 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in City.

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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.