174/1 Mouat StreetLyneham ACT 2602
Property Details for 174/1 Mouat St, Lyneham
174/1 Mouat St, Lyneham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 11242m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (November 2021)
This spacious two-bedroom, contemporary apartment on the 7th floor in the highly sought-after Axis complex offers a spacious 78m approx. of light-filled living space, not to mention the approx. 8m of balcony. On the corner of the building, with a sweeping view from the 7th floor over North Canberra towards the City and Black Mountain Tower, stepping onto the balcony frames an even wider picture in the opposite direction.
Inside, the apartment is super convenient, offering a living area with an open plan design that seamlessly integrates a modern kitchen with stainless steel Bosch appliances, plenty of storage and stone bench tops. Both bedrooms are generously sized with built-in wardrobes and the bathroom has a large shower and marble-topped vanity. A European-style laundry is concealed behind folding doors and comes complete with a tumble dryer.
Additional benefits include secure basement parking and storage cage, security access to the complex and residents' facilities which include barbeque and outdoor entertainment areas. The indoor pool and the well-equipped and maintained gymnasium are accessible whenever you want to use them. If you want to move the fitness outdoors, Southwell Park's many playing fields are opposite and Mount Majura's mountain bike trails are a short cycle away. A Light Rail stop is adjacent to the complex, ready to whisk you into the City centre or Gungahlin and there's easy access by bus, car or bike to Universities, town centres and recreational facilities.
Currently leased until the end of July 2022 with excellent tenants in place paying $460 per week rent, this is an ideal investment opportunity for those looking for a smart inclusion into their portfolio. Canberra has the highest rents in Australia and the superbly central location of the Axis complex, the size and quality of the apartment, a gross rental yield of approx. 5.3% and everything you need (shops, transport, complex facilities) at your fingertips, makes this popular with tenants and unlikely to be vacant for long.
If you are a first home buyer wanting to get off the rental roundabout but looking for ways to help with the mortgage, being a short-term investor will help to boost your savings while you wait a few months for the tenancy to end, knowing you have secured your ideal home.
Features Include:
- Spacious, light-filled modern apartment on 7th floor
- Stunning outlook over North Canberra
- Superb investment or lifestyle property
- Reverse cycle air conditioner in living room
- Kitchen with Bosch electric cook top, oven & dishwasher
- Plenty of bench space and storage
- Bedrooms with built-in wardrobes
- Modern bathroom, marble-topped vanity
- European-style laundry with tumble dryer
- Secure basement parking space, storage shed
- Indoor pool and Gymnasium
- Outdoor entertaining areas
- Visitor parking available
Living: 78m
Balcony: 8m
Leased until 29/07/2022
$460 per week rent
Rates: $ 1778.74
Land Tax: $2046.12
Strata fees (admin & sinking funds): $1158pq
EER: 6
All amounts, measurements and values are approx. and not to be relied upon. Buyers to make their own enquiries.
https://auctionnow.com.au/properties/82074
Property History for 174/1 Mouat St, Lyneham, ACT 2602
- 25 Nov 2021Sold for $450,000
- 05 Nov 2021Listed for Sale Online Auction
- 18 Oct 2018Listed for Rent $430 / week
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0About Lyneham 2602
The size of Lyneham is approximately 5.4 square kilometres. It has 17 parks covering nearly 52.3% of total area. The population of Lyneham in 2011 was 4,485 people. By 2016 the population was 5,103 showing a population growth of 13.8% in the area during that time. The predominant age group in Lyneham is 20-29 years. Households in Lyneham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lyneham work in a professional occupation. In 2011, 48.3% of the homes in Lyneham were owner-occupied compared with 41.8% in 2016.
Lyneham has 3,079 properties. Over the last 5 years, Houses in Lyneham have seen a 57.58% increase in median value, while Units have seen a 34.28% increase. As at 31 October 2024:
- The median value for Houses in Lyneham is $1,185,162 while the median value for Units is $520,720.
- Houses have a median rent of $585 while Units have a median rent of $540.
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