OFF MARKET

64/66 Allara Street
City ACT 2601

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 86m2
Land area: 3716m2
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Last updated 16 Sep 2024
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Property Details for 64/66 Allara St, City

64/66 Allara St, City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 3716m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
Unit
Year Built
2002
Floor Size
86m2
Land Size
3716m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 4, Section 10, Unit 64

Last Listing description (November 2020)

** We are abiding by a strict 10 person limit at open homes. If you would like to attend the advertised open home please SMS, phone or email Cam on 0421 463 218 or cameron.crombie@raywhite.com to register

Ray White Canberra are also set up to conduct digital walkthroughs, private appointments, virtual property inspections and online auctions.**

Whether you're looking for your first purchase, aiming to build your investment portfolio or just want to enjoy low-fuss living in the heart of the city, you can't afford to go past 64/66 Allara Street.

With approximately 86m of well-lit living space, large bedrooms and a fully appointed kitchen, this spacious and updated two bedroom apartment comes fully furnished and ready-to-go, whatever your needs. The interior presentation of modern and inviting tones, stylish floating flooring to the main living and as-new carpets to the bedrooms helps to ensure that your immediate expenses will be kept to a minimum - combine this with the recent repainting of the interior of the complex and you have a real 'turn-key' opportunity.

Its convenient proximity to the city and the lifestyle this offers will come as no surprise, however; the on site gymnasium and rooftop BBQ area will provide that extra functionality to add to the allure.

If the investment path is attractive, the current AirBnB occupancy rates and returns will be sure to impress and will leave you with a low-maintenance investment that provides income almost immediately. Overall, 64/66 Allara Street offers a flexible opportunity for the next proud owner, and with nothing inside the four walls to worry about, this great apartment could be a fantastic way to start 2020!

Features include:
- Two bedroom ensuite apartment on second of three floors
- 86m (approx.) of living with designated lounge and dining areas open to the kitchen
- Fully appointed kitchen with stone bench tops, Bosch oven, dishwasher, electric cook top, breakfast bench and great storage space
- Oversized main bedroom allowing for an additional study area
- Modern ensuite
- Separation between main and second bedroom, both with built-in wardrobes
- Main bathroom with corner shower over bath and European laundry
- Split-system air conditioning to both the main living and master bedroom
- Recently updated floating flooring to the main living areas and carpeted bedrooms
- Timber French doors opening to a 15m (approx.) balcony (additional access from master bedroom)
- On-site gymnasium and large rooftop BBQ area with picturesque panoramic views
- Secure basement parking and storage cage
- Excellent access immediately from Parkes Way for easy commute to anywhere in Canberra
- Directly opposite the National Convention Centre and Canberra Olympic Pool
- 7 minute walk to Casino Canberra, the Canberra Centre, Canberra CIT, Canberra Theatre and much more
- Exceptional AirBnB occupancy and returns (information available on request)
- Full inventory of included items available on request

EER: 6.0
Apartment Size: 86m living + 15m balcony (approx.)
Land Rates: $1,628 p.a. (approx.)
Body Corporate: $5,474 p.a. (approx.)
Land Tax (if rented): $1,873 p.a. (approx.)
Year Built: 2002

COVID-19 AWARENESS UPDATE:
- Please wash your hands upon entering the property where you are directed

Property History for 64/66 Allara St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$480,000
24 Sep 2020
  • 24 Sep 2020
    Sold for $480,000
  • 16 Dec 2019
    Listed for Sale $480,000
  • 26 Jan 2013
    Listed for Sale $500,000 PLUS
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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.