OFF MARKET

8/1 Oxley Street
Griffith ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
Land area: 3634m2
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Property Details for 8/1 Oxley St, Griffith

8/1 Oxley St, Griffith is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1986. The property has a land size of 3634m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2009.

Building Type
Unit
Year Built
1986
Floor Size
59m2
Land Size
3634m2
Local Government
Canberra Central
Lot/Plan
GRIFFITH: Block 16, Section 14, Unit 8

Last Listing description (February 2009)

FULLY SERVICED APARTMENT
WHETHER YOU'RE AN ASTUTE INVESTOR OR JUST STARTING TO BUILD YOUR INVESTMENT PORTFOLIO, HERE IS A GREAT OPPORTUNITY YOU CAN'T MISS. THIS IS A VERY TIGHTLY HELD COMPLEX, A TESTAMENT TO THE QUALITY INVESTMENT THEY REPRESENT. ONCE YOU HAVE ONE, YOU TOO WILL BE UNLIKELY TO LET GO. RARELY DOES AN APARTMENT LIKE THIS COME ONTO THE MARKET, OFFERING A GREAT RETURN, WITH A STRONG RECORD OF PERFORMANCE OVER AN EXTENDED PERIOD. THIS TWO BEDROOM FULLY RENOVATED, FULLY FURNISHED, AND FULLY SERVICED APARTMENT HAS NEW APPLIANCES THROUGHOUT, SO YOU CAN BE ASSURED YOUR MAINTENANCE COST WILL BE KEPT TO A MINIMUM. AS A SERVICED APARTMENT YOU WILL BENEFIT FROM YOUR PROPERTY BEING REGULARLY CLEANED AND MAINTAINED FOR EVERY NEW TENANT. ALL THE UNIT FUNDS ARE POOLED AND DISTRIBUTED ON A MONTHLY BASIS, PROVIDING A GUARANTEED RETURN WITH A LOW VACANCY RATE, SO YOU WON'T HAVE TO WORRY ABOUT A THING. MONTHLY STATEMENTS OUTLINING REVENUES AND EXPENSES ARE PROVIDED FOR THE ENTIRE COMPLEX, ALLOWING YOU TO KEEP ON TOP OF EVERY ASPECT OF YOUR INVESTMENT. THE AVERAGE MONTHLY RETURN OVER THE WINTER PERIOD FOR 2008 IS $2183.00 PER MONTH, WITH RENTAL RATES REVIEWED EVERY YEAR IN MARCH. THE APARTMENT IS THE PERFECT RENTAL FOR ANY INTERSTATE VISITOR LOOKING FOR A CENTRAL LOCATION IN A SOUGHT AFTER AREA. POPULAR WITH POLITICIANS, AND TRAVELLING BUSINESS PEOPLE BECAUSE OF ITS CENTRAL LOCALITY THE UNIT FEATURES: TWO BEDROOMS BOTH WITH MIRRORED BUILT IN ROBES, THE MAIN BEDROOM INCLUDES A QUEEN SIZE BED WHILE THE SECOND BEDROOM HAS TWO SINGLE BEDS. THE KITCHEN IS EQUIPPED WITH UP TO DATE APPLIANCES FROM A NEW FRIDGE TO THE LATEST COMBINED WASHING MACHINE AND DRYER. YOUR TENANTS WILL BE ABLE TO RELAX IN THE OPEN PLAN LIVING AREA, WHICH CONSISTS OF A LOUNGE SEAT, DINING TABLE AND CHAIRS, COLOUR TV, MINI STEREO, DVD AND VIDEO PLAYER OR TAKE ADVANTAGE OF THE POOL FACILITY LOCATED WITHIN THE COMPLEX. LOCATED WITHIN WALKING DISTANCE TO GOVERNMENT OFFICES, KINGSTON AND MANUKA SHOPS WITH RESTAURANTS AND CAFES AT YOUR FINGERTIPS. EER 4.5

Property History for 8/1 Oxley St, Griffith, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$375,000
16 Oct 2009
  • 16 Oct 2009
    Sold for $375,000
  • 04 Oct 2008
    Listed for Sale Not Disclosed

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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 3,486 properties. Over the last 5 years, Houses in Griffith have seen a 32.57% increase in median value, while Units have seen a 22.44% increase. As at 30 November 2024:

  • The median value for Houses in Griffith is $1,875,940 while the median value for Units is $587,496.
  • Houses have a median rent of $630 while Units have a median rent of $548.
There are currently 16 properties listed for sale, and 12 properties listed for rent in Griffith on OnTheHouse. According to CoreLogic's data, 146 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.