OFF MARKET

709/25 Edinburgh Avenue
City ACT 2601

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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Last updated 28 Oct 2024
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Property Details for 709/25 Edinburgh Ave, City

709/25 Edinburgh Ave, City is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2014.

Building Type
Unit
Year Built
2014
Local Government
Canberra Central
Lot/Plan
CITY: Block 40, Section 106, Unit 136

Last Listing description (June 2024)

Behold an extraordinary opportunity meticulously crafted for astute investors and discerning homeowners seeking immediate luxury. Welcome to 709/25 Edinburgh Ave, a pristine gem nestled within the highly sought-after Nishi building.

Stepping inside, you'll be immersed in a vast, sun-drenched 110m2 open-plan living space, adorned with majestic floor-to-ceiling windows that frame breathtaking views of the lake. The impeccably designed kitchen showcases seamless cabinetry, top-tier appliances, and abundant counter space, setting the stage for unforgettable dinner gatherings and epicurean adventures.

However, this 2-bedroom residence is more than just a sound investment; it's a sanctuary of opulence for those aspiring to elevated living. Immediate occupancy allows you to bask in the sophistication it offers without delay. This is truly a one of a kind opportunity within Canberra most unique residential building. You'll benefit from everything Both Nishi and the NewActon precinct has to offer.

At Crowthers we have a mastery of the NewActon Precinct, and it runs through our veins. Our profound comprehension of precinct dwellers' requirements sets us apart. Your needs, our priority.

Anticipated Rental Return $820+/week
Body corporate per annum: $7213.60pa
Rates per annum: $1,967
Land tax (if rented) per annum: $2,345

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Property History for 709/25 Edinburgh Ave, City, ACT 2601

A timeline of how this property has performed in the market
Listed for Rent
$850/w
11 Jul 2022
  • 22 Feb 2023
    Listed for Sale $899,000+
  • 14 Apr 2022
    Listed for Rent $850 / week
  • 12 May 2021
    Listed for Sale $1,099,000
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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 3,288 properties. Over the last 5 years, Houses in City have seen a -2.25% decrease in median value, while Units have seen a 14.79% increase. As at 30 September 2024:

  • The median value for Houses in City is $677,336 while the median value for Units is $577,166.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 44 properties listed for sale, and 39 properties listed for rent in City on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in City.

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