OFF MARKET

295 Maribyrnong Avenue
Kaleen ACT 2617

Bedrooms: 8
Bathrooms: 4
Car spaces: 2
Floor area: 130m2
Land area: 780m2
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Property Details for 295 Maribyrnong Ave, Kaleen

295 Maribyrnong Ave, Kaleen is a 8 bedroom, 4 bathroom House with 2 parking spaces and was built in 1977. The property has a land size of 780m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1977
Floor Size
130m2
Land Size
780m2
Local Government
Belconnen
Lot/Plan
KALEEN: Block 7, Section 139

Last Listing description (June 2023)

Auction Location: In Rooms | LJ Hooker Canberra City | 182 City Walk, Canberra City

And just like magic, there it is, an instant property portfolio! This well-thought-out instant Property portfolio is a fantastic opportunity for those looking to make an instant hit and maximise on the return on your most valuable asset.

With increasing interest rates making investments a harder return, this Property is the disruptor! A Dual occupancy setup, comprising four separate apartments over two buildings makes for a well-balanced and protected income stream.

In total, Both buildings provide four units all returning positive rental income. With excellent tenants already in place who are keen to stay on makes for a comfortable transition ensuring that your new investment provides income returns right from the get-go.

This is a real opportunity for a positive cash flow investment that does not come along, very often. Well protected from vacancy challenges and an incredible amount of potential to improve the site further still, which would further increase its value and possible rental return. EER 0.0

This property will be sold at auction; 6 pm Wednesday 1st March 2023 Ljhooker Canberra city office 182 City Walk

Please call Tim Russell at 0416 087 834 or Jackson White- Brettell at 0421 479 376 for further information or a private inspection.

Please consider parking at the nearest cross street 'Alberga Street' or the Gwydir Square shops or walking due to Maribyrnong avenue parking limitations.

Mention this ad at U & Co and get your coffee for free!

Features include:
4 Separate 2 bedroom apartments across two buildings
Each tenanted separately
Massive further potential to improve the site further
Walking distance to local shops and schools

Property History for 295 Maribyrnong Ave, Kaleen, ACT 2617

A timeline of how this property has performed in the market
Last Sold
$1,000,000
01 Mar 2023
  • 01 Mar 2023
    Sold for $1,000,000
  • 10 Feb 2023
    Listed for Sale Under Contract
  • 30 Jan 2022
    Transferred
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About Kaleen 2617

The size of Kaleen is approximately 6 square kilometres. It has 16 parks covering nearly 31.6% of total area. The population of Kaleen in 2011 was 7,313 people. By 2016 the population was 7,258 showing a population decline of 0.8% in the area during that time. The predominant age group in Kaleen is 60-69 years. Households in Kaleen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kaleen work in a professional occupation. In 2011, 75.3% of the homes in Kaleen were owner-occupied compared with 74.6% in 2016.

Kaleen has 2,962 properties. Over the last 5 years, Houses in Kaleen have seen a 42.15% increase in median value, while Units have seen a 55.58% increase. As at 31 October 2024:

  • The median value for Houses in Kaleen is $992,050 while the median value for Units is $638,807.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Kaleen on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Kaleen.

Suburb Insights for Kaleen 2617

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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.