58/22 Archibald StreetLyneham ACT 2602
Property Details for 58/22 Archibald St, Lyneham
58/22 Archibald St, Lyneham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 16113m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Lyneham in the last 12 months.
Last Listing description (December 2023)
This renovated two bedroom apartment has been miraculously maintained and is located in the popular 'Fairway Park' complex within walking distance to Lyneham's shops, schools, Next Gen lifestyle centre, The Old Canberra Inn, light rail plus the Dickson precinct.
Located on the first floor, the apartment features two bedrooms with built-in robes, a spacious open plan kitchen, dining and living area, kitchen with new electric oven and rangehood, a lovely balcony plus one allocated car space.
The property would suit first homes buyers, downsizers or the savvy investor as the property currently brings in over $40,000 per year via Airbnb.
- Two bedrooms with built-in robes
- Spacious open plan living area
- Kitchen with new electric oven and rangehood, dishwasher
- Combined bathroom and laundry
- Laminated flooring
- Balcony
- One allocated car space
- Ample visitor parking
- So close to shops, schools, transport, Universities, Dickson precinct, CBD and lifestyle amenities
- Low strata fees
- Well Maintained gardens
- Near light rail and public transport
- Additional Communal storage
- Sought after first floor apartment and only on the market for second time in two decades
- Great investment opportunity with 90% occupancy rate (short-term rental) for past 8 years.
- 10% gross rental yield on Airbnb
- Walking distance to Lyneham shops, schools, O'Connor reserve
- Body Corporate $720 per quarter
- Rates $420 per quarter
Property History for 58/22 Archibald St, Lyneham, ACT 2602
- 14 Dec 2023Sold for $450,000
- 02 Nov 2023Listed for Sale $440,000+
- 19 Oct 2000Sold for $115,000
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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 3,075 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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