OFF MARKET

5/66 Allara Street
City ACT 2601

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 3716m2
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Property Details for 5/66 Allara St, City

5/66 Allara St, City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 3716m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
2003
Floor Size
72m2
Land Size
3716m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 4, Section 10, Unit 5

Last Listing description (December 2020)

If you are looking for trendy Inner City living, with something different to offer, this large loft apartment is a standout. Offering a spacious 72m2 of living, it is much larger than most & is split over 2 distinct levels with ultra-high 5 metre ceilings in the living area & impressive floor to ceiling cedar framed windows which capture an abundance of light. Surprisingly peaceful & private even though you are in the heart of the City.

This property incorporates a modern kitchen with stone bench tops, plenty of cupboard space plus a pantry & stainless-steel appliances including a dishwasher. There is also a second toilet & vanity downstairs, which is rare in 1-bedroom apartments, yet very handy for guests & the large storage area under the stairs in another practical value-add. Upstairs, the large main bedroom which overlooks the living area below offers lots of robe space & its own ensuite, the laundry room is also located here.

The Forum' development is positioned such that you may soon forget that you are just a short walk from the heart of Civic's North Quarter & an even shorter stroll to the picturesque Commonwealth Park. Enjoy a jog around the lake, then leave the car at home & walk to work or the Canberra Centre for some shopping or a lazy Sunday brunch.

The building has many delights for you to make use of - imagine enjoying a barbecue on the rooftop terrace or taking in the lights of the City & the lake views as you entertain guests. If you're looking for a good workout the fully equipped gym is at your disposal, complete with aerobic equipment, pin-loaded machines & free weights plus the Civic pool & gym is located directly opposite.

SMS "5 Forum" to 0431 228 046 to get a copy of the digital brochure containing the contract.

General Features:
- Large floor plan offering 72m2 of living space (more than most 1br units)
- Located on ground & 1st floors loft style floorplan with main bedroom upstairs
- Ultra-high, 5 metre ceilings
- Freshly painted throughout
- Impressive floor to ceiling windows in living areas
- NBN connected
- 500m to Canberra Centre
- Directly opposite Civic swimming pool
- Vacant & available for immediate occupation
- Flexible settlement options available if required

Inside:
- Modern kitchen with large pantry, stone bench tops, feature lighting & stainless-steel electric oven & dishwasher & an electric cook top
- Huge living space on the lower level (excellent for large furniture items)
- Oversized bedroom with ample robe space & elevated outlook over living area below & out to the street
- Shower over bath in ensuite upstairs
- Second toilet & vanity downstairs for guests
- Reverse cycle air conditioning (heating & cooling) wall mounted unit
- Double cedar doors opening out to the courtyard & high cedar framed windows
- Roller blinds on all windows/doors
- Large storage area under stairs
- 8m2 courtyard can be fully closed off & accessed via the street so you dont even need to come & go through the complex if need be

The Complex:
- Single allocated car space with storage cage in basement
- Intercom for guests & lots of parking options for guests opposite the building
- Lift access direct from basement & ground to your level
- Security cameras throughout complex
- Rubbish chutes on each level
- Rooftop terrace with barbecue & shade umbrellas
- On-site gym on ground level
- Centralised gas hot water system
- Tranquil internal courtyard & fountain feature
- Pet-friendly (subject to body corporate notification)
- Well maintained building with an active body corporate (building recently internally repainted & other upgrades conducted to modernise it)

Offer Process:
- To help buyers on value, we advertise a guide price which your offer must exceed.
- Offers can be subject to finance, however, unconditional offers on a contract are preferred.
- We have a solicitor pre-allocated to provide a FREE contract review.
- Offers are confidential & not disclosed to other buyers.
- After a buyer's offer is accepted, they will have the opportunity to view the property again, finalise the loan approval & show family & friends before unconditional exchange.
- A 5% deposit (which can be payable via BPay) is only required just prior to exchange of contracts

Property History for 5/66 Allara St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$420,000
14 Dec 2020
Listed for Rent
$450/w
25 Oct 2018
  • 14 Dec 2020
    Sold for $420,000
  • 12 Nov 2020
    Listed for Sale Offers over $390,000
  • 25 Oct 2018
    Listed for Rent $450 / 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 3,318 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.