OFF MARKET

115/5 Burnie Street
Lyons ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 71m2
Land area: 10165m2
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Property Details for 115/5 Burnie St, Lyons

115/5 Burnie St, Lyons is a 2 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 10165m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
2014
Floor Size
71m2
Land Size
10165m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 6, Section 69, Unit 115

Last Listing description (October 2021)

Investors will love the opportunity to purchase this architecturally designed 2, bedroom unit in the award -winning Sorell Apartment Complex in Lyons, just 8 km from Canberra CBD! This apartment is conveniently located within easy distance to: cafes, restaurants, cinema, major supermarkets, retail outlets and local primary school. You simply cannot beat this location and its proximity to all the conveniences of this very popular Canberra Suburb.
Currently rented to Defence Housing Australia for a minimum period of 2 years, and an option of a further 3, this property presents a wonderful opportunity to an investor seeking the assurances of guaranteed rent and a quality tenant.

LEASE DETAILS :

Current weekly rent: $470 pw (2021)
Lease end date: 20/10/2022
Option available: 1 x up to 36 months (refer to the DHA Lease Agreement)
Right to Vary available: 1 x up to 12 months Reduction and 1 x up to 12 months Extension (refer to the DHA Lease Agreement)
All options and variations are exercised at DHA's discretion

PROPERTY FEATURES :
2 bedrooms; both complete with built in robes
1 bathroom
modern kitchen with European stainless-steel appliances, digital electric cooktop and stone benchtops, dishwasher included
Generous size living/dining room, including two substantial storage cupboards
Undercover balcony
Internal laundry with dryer
Reverse cycle Air conditioning
intercom
Fifth floor with Lift access
Floor to ceiling, double glazed, windows
Size: 71sqm internal living, 9sqm balcony, single secure basement car space with storage cage
EER: 6

Complex facilities: 15 m gas-heated swimming pool, furnished outdoor barbecue area, extensive landscaping, naturally lit and ventilated corridors and lift wells.
*UDIA NSW Austral Bricks Award for Excellence 2014 NSW Region& ACT

Whats Nearby?
Curtin Primary School:1.01km
Westfield Woden Shopping Centre:1.1km
Canberra CBD:7.7km (10 min drive approx.)

DHA lease benefits:
DHA guarantee to pay the rent even if the property is vacant.
DHA Property Care, an all-inclusive service fee, covers a range of property related services.
The property is cleaned at the end of each tenancy period.
The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement
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.
Photos are supplied under agreement by DHA and are for illustration purposes only.

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers. If you would like to know more about this property please contact Tracee Stuart of Hudson Property, the Defence specialists.

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Property History for 115/5 Burnie St, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$415,000
31 Aug 2021
  • 31 Aug 2021
    Sold for $415,000
  • 25 Nov 2020
    Listed for Sale $425,000 - $435,000
  • 16 Sep 2016
    Sold for $440,000

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About Lyons 2606

The size of Lyons is approximately 2.3 square kilometres. It has 10 parks covering nearly 45.7% of total area. The population of Lyons in 2011 was 2,735 people. By 2016 the population was 3,103 showing a population growth of 13.5% in the area during that time. The predominant age group in Lyons is 30-39 years. Households in Lyons are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lyons work in a professional occupation. In 2011, 52.1% of the homes in Lyons were owner-occupied compared with 49.5% in 2016.

Lyons has 1,605 properties. Over the last 5 years, Houses in Lyons have seen a 8.36% increase in median value, while Units have seen a 25.14% increase. As at 31 October 2024:

  • The median value for Houses in Lyons is $984,260 while the median value for Units is $382,930.
  • Houses have a median rent of $623 while Units have a median rent of $475.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Lyons on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Lyons.

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