OFF MARKET

58/16 New South Wales Crescent
Forrest ACT 2603

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 72m2
Land area: 3921m2
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Property Details for 58/16 New South Wales Cres, Forrest

58/16 New South Wales Cres, Forrest is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2012. The property has a land size of 3921m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
2012
Floor Size
72m2
Land Size
3921m2
Local Government
Canberra Central
Lot/Plan
FORREST: Block 13, Section 34, Unit 58

Last Listing description (December 2021)

Situated on the top floor of the 'Evolve' complex, this spacious two-bedroom apartment is flooded with natural light. 'Evolve' is perfectly positioned within walking distance to the best lifestyle Canberra has to offer with Manuka, Kingston, Lake Burley Griffin, The Kingston Foreshore and a host of local schools such as Telopea Park School and Canberra Grammar at your doorstep. The property is also located just a short walk or ride to the Parliamentary Triangle so you will be able to leave your car at home if you work in the area.

Stepping inside you will be taken aback by the bright and generously sized unit. It is on the top floor, has no neighbours on either side and has stunning northern views over the common gardens and beyond. The floorplan has been carefully thought out and both bedrooms are separated to allow for ultimate privacy. The master has a walk-through robe to its own ensuite and the other has built-in robes, also with its own ensuite and is bathed in sunlight just like the master. For those wishing to have a small home office space there is a lockable study nook with built in shelves and desk. NBN has also been enabled.


Quality inclusions and neutral decor add to this desirable package. The kitchen features Bosch appliances including dishwasher, an integrated fridge / freezer and polished stone bench tops. The laundry cupboard is equipped with washing machine and dryer.

A large balcony runs the length of the living area and is also accessible from one bedroom. It is ideal for outdoor dining, entertaining and enjoys a pleasant outlook onto the nicely maintained and manicured common garden space. To complete this lifestyle package there are two allocated underground car spaces accessed via a swipe mechanism and a 13m2 storage facility.

The property is currently tenanted at $675 per week until 8 April 2022.

In summary:

- Flooded with natural light due to its northerly aspect
- Lift and secure access
- Two car spaces and 13m2 storage cage
- Walk-in robe
- Balcony for entertaining
- High quality fixtures and finishes
- Great Inner South location

Figure summary (all approx.):

- Body corporate: $1480p.q
- General rates: $580p.q
- Water & sewerage: $170p.q
- Land tax (if let): $710.pq
- Built in 2012

Property History for 58/16 New South Wales Cres, Forrest, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$750,000
11 Dec 2021
Listed for Rent
$675/w
09 Apr 2021
  • 11 Dec 2021
    Sold for $750,000
  • 24 Nov 2021
    Listed for Sale Auction 18/12/2021
  • 08 Jan 2021
    Listed for Rent $675 / week
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About Forrest 2603

The size of Forrest is approximately 1.6 square kilometres. It has 7 parks covering nearly 10.1% of total area. The population of Forrest in 2011 was 1,468 people. By 2016 the population was 1,602 showing a population growth of 9.1% in the area during that time. The predominant age group in Forrest is 50-59 years. Households in Forrest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Forrest work in a professional occupation. In 2011, 69.6% of the homes in Forrest were owner-occupied compared with 62.4% in 2016.

Forrest has 1,251 properties. Over the last 5 years, Houses in Forrest have seen a 14.98% increase in median value, while Units have seen a 14.28% increase. As at 31 October 2024:

  • The median value for Houses in Forrest is $2,683,994 while the median value for Units is $837,624.
  • Houses have a median rent of $723 while Units have a median rent of $620.
There are currently 15 properties listed for sale, and 5 properties listed for rent in Forrest on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Forrest.

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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.