OFF MARKET

14/2 Edinburgh Avenue
City ACT 2601

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
Land area: 6923m2
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Property Details for 14/2 Edinburgh Ave, City

14/2 Edinburgh Ave, City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 6923m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
2007
Floor Size
64m2
Land Size
6923m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 2, Section 6, Unit 91

Last Listing description (March 2023)

The spacious open plan, single level design of this inner-City apartment offers a north aspect into the picturesque landscaped internal podium of the Metropolitan. The kitchen is stylishly appointed with stone bench tops & stainless-steel appliances, plus a mobile bench to allow flexibility in design & more usable preparation space.

The generous living area has lots of room for large furniture items & the ample bedroom also looks into the podium & includes a large, mirrored walk through robe into a 2-way, ensuite style bathroom. The laundry room is separate from the bathroom & includes a dryer.

The Metropolitan building has all the bells & whistles; there is intercom access to the building for your guests & restricted entry to your allocated basement parking space & lockable storage enclosure. The complex also includes barbecue facilities in the common areas, a heated 20m indoor lap pool, sauna & a fully equipped gym with TV's to help you stay fit all through the year.

In every direction there is something to entertain & enjoy, from the shores of Lake Burley Griffin to the variety of cafes, restaurants & bars, the many galleries, theatres & libraries at ANU. You may never need your car again with the light rail stop just a short stroll away. Live where you want, how you want, in the very heart of the nation's capital. With a location & facilities like this, every day will feel like a holiday.

To get a copy of the digital brochure containing an explanation of our friendly sales campaign and the full contract, please send us an email and note your full name and mobile number and it will be automatically sent to you.
Overview:
Single level floorplan
Private and quiet with no roads able to be seen and no road noise to be heard despite being located right in the heart of the City
Great privacy plus leafy views North into the podium from living and bedroom
Light, bright, and airy
Vacant possession with the option for early access prior to settlement, (subject to an occupation agreement)
Flexible settlement options if you have another property you want, or need, to sell or just need more time to finalise finances

Apartment features:
Modern kitchen with stone benchtops, mobile island bench, electric oven and cooktop, new rangehood & a dishwasher
Large bedroom with North aspect and elevated outlook
Walk-through robe into bathroom with 4 sliding mirrored robe doors
Ensuite style, 2-way bathroom with shower, toilet and vanity
Separate laundry room with dryer included and large linen cupboard
Ducted reverse cycle air conditioning (heating and cooling)
1 allocated car space plus a lockable Colourbond storage enclosure in basement level 2

The Metropolitan development features:
Resort style facilities including an indoor heated lap pool & sauna
Fully equipped gym over two levels
BBQ facilities in common courtyard/entertaining space
Fast internet - NBN FTTB
Lock up bike storage in basement
Voice intercom for guests to access the unit without you needing to leave
Lift access from basement and ground direct to your level with no stairs to navigate
Rubbish chute on each level
On site building manager
Pets welcome (subject to strata notification)
Walking distance to an array of Canberra's trendiest cafes & bars
Short walk to The Australian National University & scenic Lake Burley Griffin
The upcoming, stage 2 light rail stop is located only 50m away on London Circuit

The Numbers:
Internal living area: 65m2
Balcony: 8m2
Age of unit: 16 years old (built 2007)
Strata levies: $4,399 p.a.
General rates: $1,727 p.a.
Land tax (investors only): $2,000 p.a.
Water & sewerage rates: $670 p.a.
Rental potential: $540/week
Potential to rent the car space alone for $75/week or $3,900/year
EER: 6 stars
Strata manager: Signature Strata - 61850347
UP 3063 with 342 units spread over 8 separate buildings
Total of admin fund as of 06/03/23: $576,005
Total of sinking fund as of 06/03/23: $3,096,285

To Help Buyers
We advertise a guide price which your offer must exceed.
Offers can be conditional (subject to finance/valuation) or unconditional and on a contract with a waiver of the cooling off (preferred)
We have a solicitor that can provide a FREE contract review and section 17 if required
All offers are confidential & will not disclosed to other buyers for privacy purposes.
A 5% deposit is acceptable

Property History for 14/2 Edinburgh Ave, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$485,000
31 Mar 2023
Listed for Rent
$450/w
06 Feb 2015
  • 31 Mar 2023
    Sold for $485,000
  • 23 Mar 2023
    Listed for Sale Offers Over $450,000
  • 23 Dec 2016
    Sold for $375,000
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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 3,318 properties. Over the last 5 years, Houses in City have seen a -3.37% decrease in median value, while Units have seen a 17.15% increase. As at 31 August 2024:

  • The median value for Houses in City is $709,333 while the median value for Units is $584,313.
  • Houses have a median rent of $615 while Units have a median rent of $645.
There are currently 44 properties listed for sale, and 38 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 140 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.