OFF MARKET

13/127 Madigan Street
Hackett ACT 2602

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 38m2
Land area: 3717m2
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Property Details for 13/127 Madigan St, Hackett

13/127 Madigan St, Hackett is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 3717m2 and floor size of 38m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1974
Floor Size
38m2
Land Size
3717m2
Local Government
Canberra Central
Lot/Plan
HACKETT: Block 28, Section 43, Unit 13

Last Listing description (November 2016)

THIS COSY ONE BEDROOM FIRST-FLOOR APARTMENT IS A FANTASTIC INVESTMENT LOCATED IN A SOUGHT AFTER AND PEACEFUL LOCATION IN A POPULAR INNER SUBURB. IT PROVIDES A GREAT OPPORTUNITY TO ENTER THE REAL ESTATE MARKET WITH ONLY MINUTES DRIVE TO CANBERRA CITY. IT HAS A LIGHT AND AIRY OPEN PLAN LIVING AREA. IT IS FLOODED WITH NATURAL LIGHT AND IS MADE OF SOLID DOUBLE BRICK CONSTRUCTION SO IT IS WARM IN WINTER AND COOL IN SUMMER. IT HAS A SHARED LAUNDRY, ALLOCATED PARKING AND IS A SHORT STROLL TO HACKETT SHOPPING CENTRE, A BUS-STOP. IT HAS GREAT VIEWS TO THE MOUNTAIN AND IS RIGHT NEXT TO THE WALKING TRAILS OF MOUNT MAJURA NATURE RESERVE. IT IS A REALLY NICE PLACE TO LIVE AND THEREFORE ALSO VERY EASY TO RENT OUT. AT THIS PRICE, PAYING A MORTGAGE ON THIS APARTMENT IS CHEAPER THAN RENTING OR AS AN INVESTMENT IT WOULD BE POSITIVELY GEARED. IT IS CURRENTLY TENANTED FOR $250 PER WEEK AND HAS AN EXCELLENT LONG-TERM TENANT. AT THIS PRICE IT IS AN EXCEPTIONAL INVESTMENT WITH REGULAR INCOME THAT WILL PROVIDE A GOOD FOOTHOLD IN THE PROPERTY MARKET AND STEADILY INCREASE IN CAPITAL GAIN. ONLY UNDUE CIRCUMSTANCES HAVE PLACED IT ON THE MARKET AND IT WILL BE SAD TO LET IT GO.IF YOU ARE INTERESTED CONTACT:SVEN ERLIC ON 0411 771 891RATES $312.00 PER QTR WATER $156.00 PER QTRBODY CORPORATE $451.00 PER QTRLAND TAX $361.00 PER QTR

Property History for 13/127 Madigan St, Hackett, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$200,000
03 Aug 2021
Listed for Rent
$250/w
18 Jan 2014
  • 03 Aug 2021
    Sold for $200,000
  • 29 Nov 2016
    Sold for $179,000
  • 01 Oct 2016
    Listed for Sale $199,000
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About Hackett 2602

The size of Hackett is approximately 1.9 square kilometres. It has 12 parks covering nearly 7.6% of total area. The population of Hackett in 2011 was 2,914 people. By 2016 the population was 2,999 showing a population growth of 2.9% in the area during that time. The predominant age group in Hackett is 40-49 years. Households in Hackett are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hackett work in a professional occupation. In 2011, 72.9% of the homes in Hackett were owner-occupied compared with 71% in 2016.

Hackett has 1,340 properties. Over the last 5 years, Houses in Hackett have seen a 46.48% increase in median value, while Units have seen a 17.94% increase. As at 31 October 2024:

  • The median value for Houses in Hackett is $1,240,869 while the median value for Units is $421,371.
  • Houses have a median rent of $725 while Units have a median rent of $440.
There are currently 5 properties listed for sale, and 1 property listed for rent in Hackett on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Hackett.

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