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Sold on 08 Nov 2024 for $587,000

31/111 Canberra Avenue
Griffith ACT 2603

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 81m2
Land area: 79m2
Sold By
Purnell Citywide
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Property Details for 31/111 Canberra Ave, Griffith

31/111 Canberra Ave, Griffith is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 79m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Griffith in the last 12 months.

Building Type
Unit
Year Built
2017
Floor Size
81m2
Land Size
79m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 15, Section 25, Unit 31

Last Listing description (November 2024)

For an inspection please contact Nick on 0401 043 142 or submit an enquiry.

Located within an easy walk of the Kingston shops, the Kingston Foreshore and the Fyshwick Markets. The fantastic private schools are all within close vicinity, meaning it is a perfect location for a small family looking to be in the best catchment area of Canberra. Also enjoy being within walking distance to great local amenities.

The spacious living area boasts floor to ceiling glass doors and windows that flow through to a balcony which has leafy elevated views looking towards Red Hill. The kitchen is beautifully appointed with stainless steel European appliances, including a dishwasher and Caesar stone benches. The kitchen is very functional with ample storage. The master bedroom has built-in wardrobes and offers access to the balcony. The second bedroom also has built-in wardrobes for ultimate convenience. The bathrooms are both well appointed and there is also a separate laundry.

This development was built in 2017 and offers beautifully landscaped common entertaining areas with a BBQ and would perfectly suit an investor looking for great returns as the apartment is fixed lease for $650 per week until December 2024. Alternatively, it would suit an individual, couple or small family looking to be situated in this stunning Inner South location.

Summary:
- Spacious corner apartment
- Built by arguably Canberra's best builder BLOC
- AEG appliances
- Communal BBQ area
- Video intercom for added security
- Reverse cycle air conditioning split system to living room
- Storage cage included
- 79m2 internally 15m2 of balcony space

Figure summary (all approx.):
? Body corporate: $1302p.q
? General rates: $500p.q
? Water & sewerage: $185p.q
? Land tax (if let): $650p.q
? Built in 2017

Property History for 31/111 Canberra Ave, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$587,000
08 Nov 2024
Listed for Rent
$600/w
30 Nov 2021
  • 08 Nov 2024
    Sold for $587,000
  • 22 Aug 2024
    Listed for Sale $599,000+
  • 07 Sep 2023
    Listed for Sale $640,000+
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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 18 properties listed for sale, and 14 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 149 properties were sold in the past 12 months in Griffith.

Suburb Insights for Griffith 2603

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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.