OFF MARKET

11 Stretton Crescent
Latham ACT 2615

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Floor area: 231m2
Land area: 657m2
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Last updated 16 Sep 2024
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Property Details for 11 Stretton Cres, Latham

11 Stretton Cres, Latham is a 5 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 657m2 and floor size of 231m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
House
Floor Size
231m2
Land Size
657m2
Local Government
Belconnen
Lot/Plan
LATHAM: Block 6, Section 25

Last Listing description (June 2017)

This three bedroom home has been transformed into a cash cow. The current owner has added an approved and separately metered two bedroom granny flat. The owner has also enclosed the living room to create a fourth bedroom and added an ensuite. In this current setup the owner was able to achieve a rental return of $150 per week per room ($120 for the living room) and an expected rental return of $320 per week for the granny flat. That s a massive total of $890.00 per week! All of this for less than you might expect.
This home is situated on a large 656m2 block close to transport, local shops and schools, as well as being a short drive to Belconnen Mall, University of Canberra and Canberra Stadium ensuring tenants are always easy to find!
You can leave the property as is and continue to collect the rent or renovate and add even more value to this value packed opportunity. Homes like this are hard to find so be quick and secure your future today!

Featuring:
Three bedrooms
Ensuite
Two bedroom granny flat
Living converted to fourth bedroom
Freshly painted externally
Great location
Huge rental return

Property History for 11 Stretton Cres, Latham, ACT 2615

A timeline of how this property has performed in the market
Last Sold
$505,000
12 May 2017
  • 12 May 2017
    Sold for $505,000
  • 12 Jan 2017
    Listed for Sale $499,000+
  • 12 Jan 2012
    Sold for $364,900
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About Latham 2615

The size of Latham is approximately 2.8 square kilometres. It has 12 parks covering nearly 37.4% of total area. The population of Latham in 2011 was 3,604 people. By 2016 the population was 3,624 showing a population growth of 0.6% in the area during that time. The predominant age group in Latham is 30-39 years. Households in Latham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Latham work in a professional occupation. In 2011, 77.7% of the homes in Latham were owner-occupied compared with 77.4% in 2016.

Latham has 1,514 properties. Over the last 5 years, Houses in Latham have seen a 44.53% increase in median value, while Units have seen a 39.91% increase. As at 31 August 2024:

  • The median value for Houses in Latham is $770,150 while the median value for Units is $611,124.
  • Houses have a median rent of $650 while Units have a median rent of $375.
There are currently 2 properties listed for sale, and 1 property listed for rent in Latham on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Latham.

Suburb Insights for Latham 2615

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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.