SOLD
Sold on 08 Aug 2024 for $10,500,000

164 Melrose Drive
Phillip ACT 2606

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 850m2
Land area: 4104m2
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Property Details for 164 Melrose Dr, Phillip

Building Type
Commercial
Floor Size
850m2
Land Size
4104m2
Local Government
Woden Valley
Lot/Plan
PHILLIP: Block 18, Section 28

Last Listing description (June 2009)

ADJACENT TO WODEN TOWN CENTRE
GROUND FLOOR RETAIL PREMISES OFFERING GREAT EXPOSURE. EXCELLENT OPPORTUNITY TO BUY OR LEASE YOUR OWN PREMISES IN THE PHILLIP MARKETPLACE. LARGE ONSITE CARPARKING FOR CUSTOMERS. JOIN OTHER RETAILERS INCLUDING THE WAREHOUSE, KFC, FSW, SUBWAY AND PIZZA HUT.

Property History for 164 Melrose Dr, Phillip, ACT 2606

A timeline of how this property has performed in the market
Last Sold
$10,500,000
08 Aug 2024
Listed for Rent
$4.89k/w
29 Jul 2009
  • 08 Aug 2024
    Sold for $10,500,000
  • 17 Oct 2008
    Listed for Sale $700,000 / $55,000.00G/PA+GST
  • 19 Sep 2008
    Listed for Rent - Price not available
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About Phillip 2606

The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years. Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.

Phillip has 4,493 properties. Over the last 5 years, Houses in Phillip have seen a 52.35% increase in median value, while Units have seen a 52.85% increase. As at 31 October 2024:

  • The median value for Houses in Phillip is $628,086 while the median value for Units is $505,142.
  • Houses have a median rent of $550 while Units have a median rent of $560.
There are currently 62 properties listed for sale, and 19 properties listed for rent in Phillip on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Phillip.

Suburb Insights for Phillip 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.