SOLD
Sold on 15 Aug 2024 for $420,000

5/5 Garran Place
Garran ACT 2605

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 654m2
Land area: 1201m2
Sold By
VERV Residential
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Property Details for 5/5 Garran Pl, Garran

5/5 Garran Pl, Garran is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1974. The property has a land size of 1201m2 and floor size of 654m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Garran in the last 12 months.

Building Type
Unit
Year Built
1974
Floor Size
654m2
Land Size
1201m2
Local Government
Woden Valley
Lot/Plan
GARRAN: Block 9, Section 36, Unit 5

Last Listing description (August 2024)

*By Appointment Only - Contact Agent to Book*Nestled within a small built block comprising just 9 units, this two-bedroom with a practical open-plan design, the apartment features a spacious balcony, perfect for relaxation or entertaining. The kitchen seamlessly integrates with the living/dining areas, showcasing laminate flooring and reverse-cycle air-conditioning. The generously proportioned bedrooms include built-in wardrobes, offering ample storage space. Additionally, the Garran shopping centre, complete with its local supermarket, cafes, restaurants, and medical facilities, is conveniently situated nearby. Currently rented for $580 per week and expiring 19/5/2025.Features include:-Spacious apartment -Updated flooring throughout-Freshly painted throughout-New curtains -Two bedrooms both with built in robes -One bathroom with bathtub -Brand new toilet installed in the bathroom -One car carport -Open plan living -Kitchen has been updated with new tapware -Westinghouse gas cooktop and oven -1x split system in the living room-Large covered balcony -(strata to commence works soon to update all windows to double glazed) - Close to local schools and shops EER: 2.5Total living: 59m2 approx. Balcony: 16m2 approx. Body corporate: $1,530 per quarter approx.Property Built: 1974Rates: $2,968.17 per annum approx.Land Tax: $4,159.05 per annum approx. (paid by investors only)

Property History for 5/5 Garran Pl, Garran, ACT 2605

A timeline of how this property has performed in the market
Last Sold
$420,000
15 Aug 2024
Listed for Rent
$350/w
06 May 2020
  • 15 Aug 2024
    Sold for $420,000
  • 06 Mar 2024
    Listed for Sale Not Disclosed
  • 05 Apr 2022
    Sold for $385,000
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About Garran 2605

The size of Garran is approximately 2.7 square kilometres. It has 10 parks covering nearly 36.6% of total area. The population of Garran in 2011 was 3,198 people. By 2016 the population was 3,492 showing a population growth of 9.2% in the area during that time. The predominant age group in Garran is 40-49 years. Households in Garran are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Garran work in a professional occupation. In 2011, 64.7% of the homes in Garran were owner-occupied compared with 64.3% in 2016.

Garran has 1,468 properties. Over the last 5 years, Houses in Garran have seen a 40.02% increase in median value, while Units have seen a 19.50% increase. As at 30 November 2024:

  • The median value for Houses in Garran is $1,479,415 while the median value for Units is $735,642.
  • Houses have a median rent of $800 while Units have a median rent of $675.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Garran on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Garran.

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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.