OFF MARKET

204/241 Northbourne Avenue
Lyneham ACT 2602

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 96m2
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Property Details for 204/241 Northbourne Ave, Lyneham

204/241 Northbourne Ave, Lyneham is a 2 bedroom, 2 bathroom Unit and was built in 2015. The property has a floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
2015
Floor Size
96m2
Local Government
Canberra Central
Lot/Plan
LYNEHAM: Block 24, Section 50, Unit 12

Last Listing description (June 2022)

An addition to your portfolio or residing address that will not disappoint, bringing instant returns and endless opportunity, this dual residence is made up of a 1 bedroom and a studio apartment all on the one title. These cleverly designed and separated apartments provide many opportunities for the creative live in owner or investor alike.

Situated in the Base 241 complex, a unique industrial design managed and constructed by the reputable Canberra based - Construction Control, this is a sought-after address thanks to its amazing architecture and interior design. It is also responsible for a Canberra first - a heated rooftop pool and outdoor cinema, a communal area that is undoubtedly a star attraction of this development.

Each residence has a private balcony, bamboo floors, ducted heating and cooling, while the modern kitchen furnishings deliver almost all comfort requirements. The vaulted concrete ceilings add an extra level of appeal to the property, with both the chique design and acoustical benefit it provides. The ample amount of storage, double glazed windows and conveniently concealed laundry spaces again compliment the thought process of this project.

However, it is sure to be the location that will seal the deal. Situated midway between Lonsdale Street, Braddon and the ever-popular Dickson town centre which already is well serviced but upon the completion of the current development work, is set to be a new go to location. If walking isn't for you, then the light rail stop at the door of complex will lead you to both the city centre, Gungahlin and everything in between.

Both properties are separately rented by long-term and fantastic tenants on a periodic basis totaling $710 per week. Although an appealing option to investors, within 60 days this could see a live in owner moving in and have the ability to sublet the neighbouring property, offering a potential income stream. Do not delay, visit our next open home and admire the incredible opportunity this presents.

Features include:

Unbeatable location with the light rail at your doorstep
Rooftop pool and outdoor cinema, unlike anything in Canberra
Intercom security and remote lift access
Mid distance to Braddon, Dickson and many entertainment venues
Both apartments set away from Northbourne Avenue with views
Modern kitchen and kitchenette
Long term, periodic tenancies in place totaling $710 per week
Underbuilding secure carparking, with 2 spaces tandem with a storage cage

Living Area: 96m2 + Balconies 17m2 (approx.)
Constructed: 2015
EER: 6.0

Outgoings:
Body Corporate: $1724.40 p/qtr (approx.)
Land Tax: $505.11 p/qtr (approx.)
General Rates: $428.00 p/qtr (approx.)
Water Rates: $171.58 p/qtr (approx.)

Disclaimer: The material and information contained within this marketing is for general information purposes only. Cream Residential Pty Ltd does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. We recommend all interested parties to make further enquiries and seek further advice. You should not rely upon this material as a basis for making any formal decisions.

Property History for 204/241 Northbourne Ave, Lyneham, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$690,000
03 Jun 2022
Listed for Rent
$380/w
24 Apr 2017
  • 03 Jun 2022
    Sold for $690,000
  • 31 Mar 2022
    Listed for Sale Offers Above $679,000
  • 21 Apr 2017
    Listed for Rent $380 / week
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About 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 3,078 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.
There are currently 27 properties listed for sale, and 19 properties listed for rent in Lyneham on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Lyneham.

Suburb Insights for Lyneham 2602

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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.