OFF MARKET

20/179 Melrose Drive
Lyons ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 12921m2
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Last updated 11 Nov 2024
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Property Details for 20/179 Melrose Dr, Lyons

20/179 Melrose Dr, Lyons is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. 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 August 2023.

Building Type
Unit
Year Built
1970
Floor Size
58m2
Land Size
12921m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 2, Section 53, Unit 20

Last Listing description (June 2024)

This two-bedroom apartment is situated in the leafy 'Melrose Gardens' complex and is an amazing opportunity to secure a property in the ever-popular Woden Valley Suburb of Lyons. Enjoy the convenience and easy access to Westfield Woden, parks, public transport and close to The Canberra Hospital.
Enter the home is through a secure private balcony, to the front door. The living space features large windows, filling the space with natural light. The kitchen has plenty of cupboard and bench space as well as a free-standing electric cooktop and oven.

Accommodation is provided in the form of two bedrooms, both with built in robes and beautiful leafy aspects. These are serviced by the bathroom, including bath over shower and plenty of room for laundry facilities.

Adding to the fabulous opportunity this apartment offers a single car space as well as multiple visitor parking options within the complex.

The perfect investment opportunity is presented with a tenant on a month-by-month tenancy at $380 per week, or break into the market and a secure a home in the highly desired 2606 postcode. Don't miss this opportunity.

Features;
Fabulous investment opportunity with the opportunity to continue the tenancy at $380 per week
Leafy aspects
Kitchen with electric cooking and ample bench & cupboard space
Front balcony with separate lockable entry
Single car space
Linen closet
Perfect located close to The Canberra Hospital, parks, public transport and Westfield Woden

EER: 4.5 stars
Living size: 57m2 (approx.)
Body corporate: $618 per quarter (approx.)
Rates: $1,573.70 p.a (approx.)
Land Tax: $2,015.57 p.a (approx.) if rented
Construction: 1974 (approx.)

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Property History for 20/179 Melrose Dr, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$357,500
25 Aug 2023
Listed for Rent
$350/w
30 Jun 2020
  • 25 Aug 2023
    Sold for $357,500
  • 20 Apr 2023
    Listed for Sale Under Contract
  • 06 Apr 2021
    Sold for $265,000
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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.

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