322/50 Eastlake ParadeKingston ACT 2604
Property Details for 322/50 Eastlake Pde, Kingston
322/50 Eastlake Pde, Kingston is a 0 bedroom, 1 bathroom Studio with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom Studio sold in Kingston in the last 12 months.
Last Listing description (March 2024)
Welcome to your ideal studio apartment, perfectly situated at the heart of Kingston Foreshore. Indulge in the vibrant lifestyle with a plethora of restaurants at your doorstep and the tranquil lake just a stone's throw away. This is the epitome of convenience and comfort!
Whether you're stepping into the property market for the first time or looking for a savvy investment, this studio is your golden ticket to the high-demand Kingston Foreshore.
Already optimized for Airbnb, this property is not just a home; it's a smart investment opportunity bringing in more than $700 per week on average.
Features:
- Prime location at the heart of Kingston foreshore
- Stones throw to the lake and a multitude of restaurants
- West facing living area and spacious 10 sqm balcony
- Versatile living
- Locked basement car park with storage
- Built in fridge
- Reverse electric cycle heating and cooling
- Current short-term rental with AirBnb bringing in approx. $767 per week
- NBN Ready
Essentials:
- Indoor Space: 39sqm
- Outdoor Space: 10sqm
- Year Built: 2014
- Rates: $1,721 p.a. (approx)
- Strata: $3,084 p.a. (approx)
- Land Tax: $1,980 p.a. (approx) investors only
- Long term rental: $550.00 - $590.00 p.w.
- EER: 6
Property History for 322/50 Eastlake Pde, Kingston, ACT 2604
- 26 Mar 2024Sold for $370,000
- 23 Jan 2024Listed for Sale Sold
- 06 Jul 2022Sold for $345,000
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About Kingston 2604
The size of Kingston is approximately 1.4 square kilometres. It has 8 parks covering nearly 8.1% of total area. The population of Kingston in 2011 was 2,978 people. By 2016 the population was 4,417 showing a population growth of 48.3% in the area during that time. The predominant age group in Kingston is 20-29 years. Households in Kingston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation. In 2011, 35.3% of the homes in Kingston were owner-occupied compared with 40.2% in 2016.
Kingston has 5,012 properties. Over the last 5 years, Houses in Kingston have seen a -47.44% decrease in median value, while Units have seen a 29.42% increase. As at 30 September 2024:
- The median value for Houses in Kingston is $853,018 while the median value for Units is $691,397.
- Houses have a median rent of $615 while Units have a median rent of $620.
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