OFF MARKET

5/179 Melrose Drive
Lyons ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
Land area: 12921m2
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Property Details for 5/179 Melrose Dr, Lyons

5/179 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 57m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1975
Floor Size
57m2
Land Size
12921m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 2, Section 53, Unit 5

Last Listing description (April 2024)

This two-bedroom apartment is situated in the leafy 'Woden Gardens' complex and is an amazing opportunity to secure a property in the ever-popular Woden Valley Suburb of Lyons. Updated and move in ready, you will enjoy the convenience and easy access to Westfield Woden, parks, public transport and close to The Canberra Hospital.

Living space embraces a beautiful northerly aspect, 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. 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 covered car space as well as multiple visitor parking options within the complex.

The perfect investment opportunity is presented with rental potential up to $420 per week, or break into the market and a secure a home in the highly desired 2606 postcode. Don't miss this opportunity.

- New hot water service
- New stove
- New carpet
- New paint
- Open plan living and dining
- Single carport and ad
- Two bedrooms with built in robes
- Walking distance to Woden Plaza, bus interchange and future light rail stop

- Body Corporate: $654.45 p/q (approx.)
- Living size: 57m2 (approx.)
- EER 6 stars

Property History for 5/179 Melrose Dr, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$385,000
19 Apr 2023
  • 19 Apr 2023
    Sold for $385,000
  • 17 Mar 2023
    Listed for Sale $369,000 +
  • 03 Oct 2008
    Transferred

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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.