OFF MARKET

19/179 Melrose Drive
Lyons ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 12921m2
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Property Details for 19/179 Melrose Dr, Lyons

19/179 Melrose Dr, Lyons is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 12921m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
1975
Floor Size
58m2
Land Size
12921m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 2, Section 53, Unit 19

Last Listing description (June 2020)

The entrance opens into a generous living area and flows to the contemporary kitchen and dining area. Fully equipped with new appliances, the functional kitchen with plenty of storage has everything you need to go all-out gourmet. But if you don't feel like cooking, you can relax knowing the dynamic hub of Woden - plus the upcoming light rail - is only a short walk away.

Both bedrooms boast built-in robes and enjoy the light from the large windows. The fresh and bright bathroom features floor-to-ceiling tiles, glass shower screen and stylish vanity, and houses the compact laundry. Freshly painted throughout, with new carpet and updated kitchen and bathroom, there is nothing left to do other than move in.


You won't be wanting for anything as you kick back and let the good times roll in. Of course, a private secure balcony, allocated undercover car space and lockable storage ensures your belongings are secure.

But this apartment's secret feature is that it's a mere 5 min walk to Westfield Shopping centre, the movies, cafes and restaurants, including the new and vibrant Bradley Street dining precinct. And with Government department offices nearby, the Phillip Business District, quality schools and public transport, gym and sporting facilities you'll be 'home' in no time and you'll get much more than an apartment - you'll get a lifestyle.

Perfect for the investor looking for a property with a fantastic 7% yield, or the buyer craving a start in the market, this apartment is the complete package.

Currently rented at $380/week.

GETTING TO KNOW LYONS

The popular Woden Valley suburb of Lyons is bounded by Melrose Drive, Tuggeranong Parkway and Hindmarsh Drive. Residents enjoy the local shops featuring popular cafe 'Stand by Me', and easy access to the Woden Town Centre. Oakey Hill Nature Reserve, part of Canberra Nature Park, is located within the suburb and has a number of picturesque walking/hiking trails.

FEATURES

- Contemporary kitchen with plenty of storage
- Spacious bedrooms with built-in wardrobe
- Stylish combined bathroom and laundry
- Secure private balcony
- Wall heater in living room
- Access to leafy grounds
- Secure car space with lock up storage
- Plenty of visitor parking
- 5-minute walk to Woden Town Centre

STATISTICS
EER: 5
Unit area: 56m2
Balcony area: 6m2
Strata: $556/quarter
Land tax (investors only): $598.17/quarter
Rates: $501/quarter
Land size: 12,921m2
UV: $9,500,000
Year built: 1975

* Please note, all figures are approximate

In response to some of the Covid-19 restrictions being lifted, Luton Properties can allow up to 20 attendees inside an open home at any one time. As a result of this, there may be a slight wait to enter our properties and we ask attendees to be prepared for this and factor this into your open home schedule. We would ask that only essential people come with you to open homes to limit large groups.

Property History for 19/179 Melrose Dr, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$285,000
09 Jun 2020
Listed for Rent
$370/w
17 Jun 2019
  • 09 Jun 2020
    Sold for $285,000
  • 19 Mar 2020
    Listed for Sale Contact Agent
  • 17 Jun 2019
    Listed for Rent - Price not available
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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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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.