SOLD
RECENT ADVICE
Sold on 07 Jun 2024 for $2,100,000

13 Devonport Street
Lyons ACT 2606

Bedrooms: 10
Bathrooms: 6
Car spaces: 6
Floor area: 46m2
Land area: 1072m2
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Property Details for 13 Devonport St, Lyons

13 Devonport St, Lyons is a 10 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1970. The property has a land size of 1072m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 10 bedroom Unit sold in Lyons in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
46m2
Land Size
1072m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 13, Section 16

Last Listing description (June 2024)

Rarely do investment opportunities present themselves on the market as good as this, with six units being sold as an entire block on a RZ2 1,071sqm* parcel of land. The corner location is ripe for redevelopment, directly opposite the local shops, a bus stop and a short distance to Lyons playing fields. A true blue chip investment, five of the six units are currently tenanted allowing for immediate returns, projected gross income per annum is $128,271*.

This is a very popular location situated only a stones throw to Woden, which is currently experiencing significant investment with six large scale residential projects are currently under construction. Woden CBD is currently one of the busiest development locations within the ACT with developers looking to capitalise on the recent Canberra Hospital upgrade, the new Canberra Institute of Technology complex and the future light rail project. Growth in the area is showing no signs of slowing down.

Features:

Entire unit block being sold as one
Six individual units, five currently tenanted
RZ2 corner block
1,071sqm* of land
EERs from 0.5 - 3.5 stars
Prime location opposite the local Lyons shops
Close to Woden CBD
Recent and upcoming developments nearby including large residential buildings, Canberra Hospital upgrade, light rail Stage 2B - from Canberra CBD to Woden
Hold and reap the returns, or redevelop and capitalise on significant demand for residential property in the area

For further information, please contact Zac or Campbell for the Information Memorandum

*Approx.
'Agent Interest'

Property History for 13 Devonport St, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$2,100,000
07 Jun 2024
  • 07 Jun 2024
    Sold for $2,100,000
  • 18 Apr 2024
    Listed for Sale By Negotiation
  • 17 Oct 2002
    Sold for $682,000

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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 1,604 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 3 properties listed for rent in Lyons on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Lyons.

Suburb Insights for Lyons 2606

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.