OFF MARKET

409/241 Northbourne Avenue
Lyneham ACT 2602

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
Land area: 1740m2
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Last updated 11 Nov 2024
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Property Details for 409/241 Northbourne Ave, Lyneham

409/241 Northbourne Ave, Lyneham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 1740m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
2015
Floor Size
72m2
Land Size
1740m2
Local Government
Canberra Central
Lot/Plan
LYNEHAM: Block 24, Section 50, Unit 26

Last Listing description (May 2019)

The perfect investment property is one that is always rented and takes care of itself. If this sounds like your kind of investment, then look no further.
Contemporary in design and spacious in size this third floor two-bedroom apartment offers open plan living and dining, spacious master bedroom with walk in robe with direct balcony access and a two-way bathroom. The second bedroom also spacious in size has a generous built in robe.
The well thought out kitchen allow the tenants to entertain indoors and outdoors taking advantage of the sizable balcony with lovely views.

'Base 241' development offers a premium location along with unmatched inclusions & onsite facilities including rooftop pool, entertaining and recreational facilities.
Walking distance to Dickson shops and the new light rail on your doorstop.
A set and forget secure investment with a long Defence Housing Australia Lease in place.
Contact Melissa Martin-Smith or Simon Porter to arrange a private viewing appointment.
Features:
- Two bedrooms,
- Master with walk in robe and ensuite
- Main bathroom with bath and shower, toilet and vanity
- Tiled floors and carpet in bedrooms
- Functional kitchen with large fridge space and ample kitchen storage
- Reverse cycle air-conditioning
- Quality fixtures and fittings
- Private balcony
- Underground Carpark
- Easy walk to Dickson shops and public transport including new light rail
Facts:
Block: 24
Section: 50
EER: 6
Heating/Cooling: Reverse Cycle
Living size: 72m2 (approx.)
Body corporate: $ 740.68 (approx.) pq
DHA Lease: 05/02/2016 - 04/02/2025
Lease Options: 1 x up to 36 months
Right to Vary: 1 x up to 12 months reduction and 1 x up to 12 months extension
Note: Option and Right to Vary is at DHA discretion
Gross Rent is $475 per week
DHA Management Fee: 13% inc GST
This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to read about the benefits of investing in Defence Housing Australia property.

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Property History for 409/241 Northbourne Ave, Lyneham, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$495,000
03 Mar 2020
  • 03 Mar 2020
    Sold for $495,000
  • 21 Mar 2019
    Listed for Sale $490,000
  • 16 Dec 2015
    Sold for $470,000

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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.

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