OFF MARKET

62/22 Archibald Street
Lyneham ACT 2602

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 16113m2
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Property Details for 62/22 Archibald St, Lyneham

62/22 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 May 2020.

Building Type
Unit
Year Built
1991
Floor Size
61m2
Land Size
16113m2
Local Government
Canberra Central
Lot/Plan
LYNEHAM: Block 9, Section 54, Unit 62

Last Listing description (June 2020)

Great Investment Or First Property

This property is a sound investment whether it is your first property or an addition to your portfolio. Location is one of the top criteria considered by astute property purchasers and this two bedroom unit would certainly rank quite highly on that scale.

The unit is within very close proximity to the Dickson Shopping and restaurant precinct as well as the Lyneham Sports Complex. In addition, the City Centre is a short bus or tram ride away.

Situated on the first floor, with a balcony, the unit is an end unit with a neighbour on one side only. A carport is provided as well as visitor parking within the complex.

The bathroom has been renovated in recent years while both bedrooms have built-in wardrobes. The unit is also being offered with a dishwasher and dryer.

Rental demand continues to be high in the area and there is an A grade tenant currently residing at the property who would be willing to stay if an investor was found.

Alternatively this would also be an ideal first property to get you into the housing market and out of the rental rut.

Either way make your enquires quickly as this unit is priced to sell.

Rates $1,549.10 per annum
Land Tax $1,767.66 per annum
Body Corporate $664.25 per quarter
Rental appraisal $380 - $410 per week

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Property History for 62/22 Archibald St, Lyneham, ACT 2602

A timeline of how this property has performed in the market
Last Sold
$340,000
11 May 2020
Listed for Rent
$370/w
20 Jan 2017
  • 11 May 2020
    Sold for $340,000
  • 12 Mar 2020
    Listed for Sale Under Contract
  • 09 Apr 2019
    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 3,102 properties. Over the last 5 years, Houses in Lyneham have seen a 54.95% increase in median value, while Units have seen a 27.70% increase. As at 30 November 2024:

  • The median value for Houses in Lyneham is $1,189,196 while the median value for Units is $497,358.
  • Houses have a median rent of $585 while Units have a median rent of $550.
There are currently 26 properties listed for sale, and 15 properties listed for rent in Lyneham on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Lyneham.

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