OFF MARKET

5 Melba Street
Downer ACT 2602

Bedrooms: 4
Bathrooms: -
Car spaces: -
Land area: 847m2
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Property Details for 5 Melba St, Downer

5 Melba St, Downer is a 4 bedroom, 0 bathroom House and was built in 1970. The property has a land size of 847m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Year Built
1970
Land Size
847m2
Local Government
Canberra Central
Lot/Plan
DOWNER: Block 27, Section 39

Last Listing description (December 2022)

RZ3 Developement opportunity. To be sold in one line. Approx. 2526m2
65% plot ratio.

Concept Plans* provided by DNA Architects indicate that a combination of 2 and 3 bedroom townhouses are feasible, subject to approval

Option 1- 12 units on ground
4 x 3 bed units @ 111.49m2 + dbl garage
3 x 3 bed units @ 111.70 + dbl garage
4 x 3 bed units @ 111.70m2 + sgl garage + surface carpark
1 x 2 bed unit @76.78m2 + sgl garage

Option 2- 17 units with basement parking
6x 2 bed units @ 93.21m2
7x 3 bed units @ 111.70m2
1x 2 bed unit @ 76.78m2
3x 2 bed units @ 71.16m2

5 Melba Street, Downer
Land: 847m2
Block 25, section 39
EER 1
Currently tenanted until 18/11/22 @ $780 per week

7 Melba Street, Downer
Land: 807m2
Block 26, section 39
EER 0
Currently tenanted @ $650 per week, month to month

9 Melba Street, Downer
Land: 872m2
Block 27, section 39
EER 4
Currently being operated as AirBNB accomodation

500m to the Dickson Group Centre and China town, with a huge range of dining options
Walking Distance to Northbourne Avenue, and the Light Rail
Short Drive to the City, Braddon and ANU

* Concept Drawings:
Plans are concept only and have been drawn with no official survey. DA and BA approval have not been obtained and the plans are subject to change based on the DA and BA requirements

Agent Team Canberra works hard to provide the most accurate and extensive information we have available. However, the information including but not limited to the property description, price guide, building, and contract information is obtained from third parties. Agent Team Canberra accepts no responsibility for inaccuracies. All buyers must make their own enquiries and seek advice relating to this property.

Property History for 5 Melba St, Downer, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$1,800,000
20 Jan 2023
Listed for Rent
$750/w
10 Nov 2021
  • 20 Jan 2023
    Sold for $1,800,000
  • 06 Sep 2022
    Listed for Sale Contact Agent
  • 03 Nov 2021
    Listed for Rent $750 / week
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About Downer 2602

The size of Downer is approximately 1.6 square kilometres. It has 10 parks covering nearly 8.9% of total area. The population of Downer in 2011 was 3,554 people. By 2016 the population was 3,653 showing a population growth of 2.8% in the area during that time. The predominant age group in Downer is 20-29 years. Households in Downer are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Downer work in a professional occupation. In 2011, 59.3% of the homes in Downer were owner-occupied compared with 57.3% in 2016.

Downer has 1,803 properties. Over the last 5 years, Houses in Downer have seen a 45.96% increase in median value, while Units have seen a 73.36% increase. As at 31 October 2024:

  • The median value for Houses in Downer is $1,167,463 while the median value for Units is $511,806.
  • Houses have a median rent of $685 while Units have a median rent of $510.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Downer on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Downer.

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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.