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Sold on 25 Oct 2024 for $492,000

122/11 Giles Street
Griffith ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 4148m2
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Purnell Citywide Real Estate Kingston
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Property Details for 122/11 Giles St, Griffith

122/11 Giles St, Griffith is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 4148m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Griffith in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
63m2
Land Size
4148m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 18, Section 14, Unit 19

Last Listing description (October 2024)

Located on the first floor and flanked by two balconies, this spacious two-bedroom apartment is ideal for an owner occupier or an investor. It is situated on Giles Street and therefore halfway between Kingston Shops and Manuka. This means it is also within walking distance to the Parliamentary Triangle, Lake Burley Griffin, the Kingston Foreshore and a range of great local schools. This location is unmatched when considering the lifestyle options the Inner South offers.

Stepping inside you will be impressed by the functional floorplan that offers light on both sides, bedrooms that are separated by the bathroom, an open plan kitchen with great storage and a living area that flows perfectly onto the large balcony. The property is flooded with natural light and as it is at the rear of the development there is no road noise making it peaceful and quiet.

This property is perfect for an owner occupier looking to enjoy the local lifestyle and amenities or an investor looking to secure a high rate of return. The property is currently vacant but has rented at $550 per week and the development also allows short term rentals or AirBNB.

In Summary:
- Flooded with afternoon sun
- Great location, walking distance to Parliamentary Triangle, Manuka, Kingston and Lake Burley Griffin
- Indoor pool & outdoor pool
- Fantastic investment opportunity with a high rate of return and can be AirBNB rented
- 63m2 of internal area + 13m2 of balcony

Figure Summary (all approx.)
- Built: 1999
- Body Corporate: $1,444 (p.q)
- General Rates: $639.92 (p.q.)
- Water & Sewerage: 175.00 (p.q.)
- Land Tax (if let): $743.75 (p.q)
- Sinking fund balance: $770,000

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Property History for 122/11 Giles St, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$492,000
25 Oct 2024
Listed for Rent
$530/w
25 Nov 2020
  • 25 Oct 2024
    Sold for $492,000
  • 04 Apr 2024
    Listed for Sale $490,000
  • 06 Nov 2020
    Listed for Rent $530 / week
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About Griffith 2603

The size of Griffith is approximately 2.8 square kilometres. It has 19 parks covering nearly 18.3% of total area. The population of Griffith in 2011 was 3,899 people. By 2016 the population was 4,571 showing a population growth of 17.2% in the area during that time. The predominant age group in Griffith is 20-29 years. Households in Griffith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Griffith work in a professional occupation. In 2011, 52.2% of the homes in Griffith were owner-occupied compared with 53% in 2016.

Griffith has 3,435 properties. Over the last 5 years, Houses in Griffith have seen a 46.27% increase in median value, while Units have seen a 25.13% increase. As at 31 October 2024:

  • The median value for Houses in Griffith is $2,003,618 while the median value for Units is $596,958.
  • Houses have a median rent of $610 while Units have a median rent of $545.
There are currently 20 properties listed for sale, and 12 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Griffith.

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