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Sold on 19 Feb 2024 - Price Unavailable

7/179 Melrose Drive
Lyons ACT 2606

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
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Property Details for 7/179 Melrose Dr, Lyons

7/179 Melrose Dr, Lyons is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Apartment sold in Lyons in the last 12 months.

Building Type
Apartment
Floor Size
58m2
Local Government
Woden Valley
Lot/Plan
LYONS: Block 2, Section 53, Unit 7

Last Listing description (February 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. You will 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. It also has a new hot water service installed.

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 shower over bath 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. There is also a lockup storage room on the ground floor.

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.

Features;
Fabulous investment opportunity with the opportunity to rent out at up to $420 per week
Kitchen with electric cooking and ample bench & cupboard space
Beautiful leafy outlook
Front balcony with separate lockable entry
Single allocated car space and storeroom
Linen closet
Perfect located close to The Canberra Hospital, parks, public transport and Westfield Woden

EER: 5 stars
Living size: 58m2 (approx.)
Body corporate: $658 p.q (approx.)
Rates: $1,598.78 pa (approx.)
Land Tax: $2,106.23 pa (approx.) if rented
Construction: 1974 (approx.)

Property History for 7/179 Melrose Dr, Lyons, ACT 2606

A timeline of how this property has performed in the market
Last Sold
19 Feb 2024
Listed for Rent
$490/w
19 Jul 2023
  • 19 Feb 2024
    Sold for $365,000
  • 23 Nov 2023
    Listed for Sale Sold
  • 25 May 2023
    Listed for Rent $490 / week
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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 4 properties listed for rent in Lyons on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Lyons.

Suburb Insights for Lyons 2606

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Jane Macken
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LJ Hooker Weston Creek
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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.