SOLD
Sold on 22 Feb 2024 for $280,000

52/40 Swain Street
Gungahlin ACT 2912

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 45m2
Land area: 2769m2
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Property Details for 52/40 Swain St, Gungahlin

52/40 Swain St, Gungahlin is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 2769m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Gungahlin in the last 12 months.

Building Type
Unit
Year Built
2011
Floor Size
45m2
Land Size
2769m2
Local Government
Gungahlin
Lot/Plan
GUNGAHLIN: Block 1, Section 72, Unit 52

Last Listing description (March 2024)

Located in the heart of Gungahlin, this one-bedroom unit is in the ultimate location for the ideal investment or for any first-home buyer looking to make their own oasis.

Appreciate the location in the heart of Gungahlin & keep the comfort of a quiet place. You will enjoy jumping onto the light rail, taking a quick walk to Yerrabi Pond, and will take full advantage of the Westfield's immediate proximity.

With a large amount of living space, a bedroom with a built-in wardrobe and a separate bathroom with modern finishes, this property guarantees low-maintenance living. Providing comfortable living in a generous floor plan. The open-plan living, kitchen and dining area is practical, spacious, and flexible.

The kitchen is fitted with a modern electric cooktop and plenty of storage. The open plan living/dining area is ideal for entertaining, and the balcony is ready to enjoy a Spring Sunday morning with a coffee and a good book.

What makes it a great investment:
- Great return on investment expected
- Good value in a constantly growing market
- Location, Location, Location

Features include:
- Quiet location
- Green outlook from the balcony
- Open-plan living and dining area
- Spacious kitchen, large pantry, stainless steel oven and electric cooktop
- Air conditioning unit
- Modern bathroom
- Good rental return on investment
- Single car space and additional storage in a secure basement
- Along the light rail corridor within walking distance of public transport.
- Short walk to Gungahlin shops and local cafes and clubs

Particulars (all approx.):
- Living Area: 45m2
- Balcony: 8m2
- Strata: $900.90 p.q.
- Special levies: $625 p.q.
- Rental appraisal: $400 to $430 per week
- EER: 6.0

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Property History for 52/40 Swain St, Gungahlin, ACT 2912

A timeline of how this property has performed in the market
Last Sold
$280,000
22 Feb 2024
Listed for Rent
$380/w
12 Jul 2022
  • 22 Feb 2024
    Sold for $280,000
  • 26 Sep 2023
    Listed for Sale Sold - Contact Agent
  • 06 Jul 2022
    Listed for Rent $380 / week
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About Gungahlin 2912

The size of Gungahlin is approximately 4.6 square kilometres. It has 17 parks covering nearly 38.1% of total area. The population of Gungahlin in 2011 was 5,617 people. By 2016 the population was 6,141 showing a population growth of 9.3% in the area during that time. The predominant age group in Gungahlin is 20-29 years. Households in Gungahlin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gungahlin work in a professional occupation. In 2011, 48.4% of the homes in Gungahlin were owner-occupied compared with 43.7% in 2016.

Gungahlin has 4,290 properties. Over the last 5 years, Houses in Gungahlin have seen a 34.59% increase in median value, while Units have seen a 26.49% increase. As at 31 August 2024:

  • The median value for Houses in Gungahlin is $1,009,054 while the median value for Units is $467,519.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 53 properties listed for sale, and 32 properties listed for rent in Gungahlin on OnTheHouse. According to CoreLogic's data, 241 properties were sold in the past 12 months in Gungahlin.

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