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Sold on 01 Oct 2024 for $265,000

11/46 Mcmillan Crescent
Narrabundah ACT 2604

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 33m2
Land area: 1398m2
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Property Details for 11/46 Mcmillan Cres, Narrabundah

11/46 Mcmillan Cres, Narrabundah is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1398m2 and floor size of 33m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Narrabundah in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
33m2
Land Size
1398m2
Local Government
Canberra Central
Lot/Plan
NARRABUNDAH: Block 2, Section 1, Unit 11

Last Listing description (November 2024)

11/46 McMillan Crescent offers an outstanding opportunity for investors, first-time homebuyers, and frequent commuters.

Perfectly located, this property is a short drive or bike ride from the city, the Parliamentary Triangle, and the Russell offices. It?s also just a few minutes' walk to the Fyshwick Fresh Food Markets, the Kingston Foreshore, and Narrabundah shops.

The one-bedroom apartment features a spacious open-plan living, dining, and kitchen area. The kitchen is well-equipped with ample cupboard and bench space, while the dining nook includes a generous breakfast bar. The living area is filled with natural light and offers a pleasant green outlook. The bedroom includes substantial built-in wardrobes and an adjoining ensuite.

Don?t miss out on this exceptional opportunity to own a property that combines convenience with great potential.

In Summary:
- Great location
- Affordable price point in premium suburb
- Great investment opportunity
- Flooded with sunlight
- Boutique complex

Figure Summary (all approx.)
- Body corporate: $572 p.q.
- General rates: $565 p.q.
- Land tax: $751 p.q.
- Water and sewage: $200 p.q.

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Property History for 11/46 Mcmillan Cres, Narrabundah, ACT 2604

A timeline of how this property has performed in the market
Last Sold
$265,000
01 Oct 2024
Listed for Rent
$320/w
07 Aug 2023
  • 01 Oct 2024
    Sold for $265,000
  • 12 Sep 2024
    Listed for Sale $279,000 +
  • 29 Jun 2023
    Listed for Rent $320 / week
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About Narrabundah 2604

The size of Narrabundah is approximately 4.1 square kilometres. It has 14 parks covering nearly 25.7% of total area. The population of Narrabundah in 2011 was 5,669 people. By 2016 the population was 5,933 showing a population growth of 4.7% in the area during that time. The predominant age group in Narrabundah is 50-59 years. Households in Narrabundah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narrabundah work in a professional occupation. In 2011, 54.2% of the homes in Narrabundah were owner-occupied compared with 54.9% in 2016.

Narrabundah has 3,102 properties. Over the last 5 years, Houses in Narrabundah have seen a 77.14% increase in median value, while Units have seen a 37.16% increase. As at 31 October 2024:

  • The median value for Houses in Narrabundah is $1,466,442 while the median value for Units is $608,158.
  • Houses have a median rent of $665 while Units have a median rent of $600.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Narrabundah on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Narrabundah.

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