7/18 De Burgh StreetLyneham ACT 2602
Property Details for 7/18 De Burgh St, Lyneham
7/18 De Burgh St, Lyneham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 676m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in September 2012.
Last Listing description (June 2015)
Imagine the benefits of having a guaranteed rent for 52 weeks of the year! Sleek lines and a modern finish characterise this stylish first floor apartment located in a boutique complex of only 12, just a short walk to the city. Designed by award winning Dowse Norwood Architects, nothing has been left to chance offering only the finest in quality and inclusions. Full length glass windows throw loads of natural light across the living area. Large open plan living looking across the lush foliage of the established tree lined street will impress. The kitchen is designed with stainless steel appliances, soft close drawers, stone bench tops, custom joinery and makes maximum use of space. Both the bedroom and living open onto the balcony while the bathroom is an impressive display of floor to ceiling tiling and upmarket inclusions. The full length balcony allows that indoor-outdoor feel while maintaining privacy. Offering only the best, this property will be the shining star of your investment portfolio.
PLEASE NOTE: All photos are for Apartment 11 immediately above Apartment 7. Both apartments have the exact fittings, fixtures and floorplan, but the view from the balcony and tree growth will be different. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
- Dec 2011 construction of 12 boutique Inner North apartments
- DHA Management fee of only 13% per annum
- Guaranteed rent for 52 weeks per year for the life of the lease
- Benefit of DHA restoration provisions at the end of the lease
- Both living and bedroom open onto the balcony with lush outlook
- Stone benchtops
- Stainless steel appliances
- Soft close drawers
- Full length glass windows and doors
- Custom joinery in both kitchen and bathroom
- Reverse cycle air conditioner
- Modern colour scheme
- Upmarket fixtures and fittings
- A dedicated internal laundry
- Secure basement carpark
- Storage unit in basement
- Lift access
- Close to transport and walking distance to shops and schools
- Lyneham Wetlands just a short bike ride away.
DHA Lease: 04/10/2012 to 03/10/2021
Lease Options: 1 x fixed 36 months, with conclusion of lease possible in October 2024
Gross Rent: $430 per week; $1869.73 per month or $22,436.76 pa
* Gross Yield: 5.38% (based on a sale price of $415,000)
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 learn the benefits of investing in Defence Housing Australia property.
EER: 3.5
UCV: $481,000
Land size: 676m
Body Corp: $2207.80 per annum
Rates: $889.09 per annum
Land Tax: $1043.88
Property History for 7/18 De Burgh St, Lyneham, ACT 2602
- 27 Feb 2015Listed for Sale $415,000
- 21 Sep 2012Sold for $445,000
- 17 Nov 2011Sold for $410,000
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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 3,075 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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