OFF MARKET

42 Nimbin Street
Narrabundah ACT 2604

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 465m2
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Property Details for 42 Nimbin St, Narrabundah

42 Nimbin St, Narrabundah is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 465m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Land Size
465m2
Local Government
Canberra Central
Lot/Plan
NARRABUNDAH: Block 6, Section 120

Last Listing description (December 2021)

Auction Location: On site.

This charming brick cottage is being offered for the first time in 20 years and provides the next owner a countless number of possibilities. Whether you are looking to renovate, extend or rebuild, all the options are there for you at 42 Nimbin Street.

Inside you will find a neat 2-bedroom floorplan that offers functional and comfortable living. The two bedrooms are generous in size and certainly offer space for wardrobes or space for a tidy home office. The living areas include a spacious lounge room, combined kitchen and dining, all which are sun soaked in the great northerly sunlight.

The appeal of this home is truly the central location. It is just a small walk from the popular Narrabundah Shops, where you will find a supermarket, barber, caf and even several of Canberra's finest restaurants. At the end of the street there is a path to a great family playground and oval to enjoy. Within a 5-minute drive you will find yourself at the popular Kingston Foreshore Precinct, Manuka Shopping Village and the Parliamentary Triangle, making it ideal for those wanting to take advantage of all the Inner South has to offer, whether it be for leisure or work. The property is also with school catchment area's for popular institutions such as Red Hill Primary Telopea Park, Narrabundah College.

Currently leased on a fixed term agreement until mid-July 2021 paying $450pw.

Features include:
- Split System heating and cooling
- Undercover carport
- Separate laundry
- Separate title
- Hills hoist clothesline
- Close to local shops, markets, schools
- 465m2 block

Figures:
Rates: $3,397 pa
Land tax: $5,099 pa
Land Value: $480,000
Rent: $450pw

Property History for 42 Nimbin St, Narrabundah, ACT 2604

A timeline of how this property has performed in the market
Last Sold
$815,000
31 Mar 2021
Listed for Rent
$435/w
22 Jul 2020
  • 23 Dec 2021
    Listed for Sale Sold
  • 06 Aug 2021
    Listed for Sale Sold
  • 31 Mar 2021
    Sold for $815,000
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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 3,127 properties. Over the last 5 years, Houses in Narrabundah have seen a 38.11% increase in median value, while Units have seen a 49.14% increase. As at 31 August 2024:

  • The median value for Houses in Narrabundah is $1,229,254 while the median value for Units is $643,919.
  • Houses have a median rent of $700 while Units have a median rent of $595.
There are currently 12 properties listed for sale, and 5 properties listed for rent in Narrabundah on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Narrabundah.

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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.