SOLD
Sold on 21 Jun 2024 for $485,000

2/16 Discovery Street
Red Hill ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 1562m2
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Property Details for 2/16 Discovery St, Red Hill

2/16 Discovery St, Red Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 1562m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Red Hill in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
52m2
Land Size
1562m2
Local Government
Canberra Central
Lot/Plan
RED HILL: Block 16, Section 41, Unit 2

Property History for 2/16 Discovery St, Red Hill, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$485,000
21 Jun 2024
  • 21 Jun 2024
    Sold for $485,000
  • 13 Oct 2009
    Sold for $370,000
  • 21 Nov 2001
    Sold for $225,000
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About Red Hill 2603

The size of Red Hill is approximately 4.9 square kilometres. It has 18 parks covering nearly 50.4% of total area. The population of Red Hill in 2011 was 3,248 people. By 2016 the population was 3,174 showing a population decline of 2.3% in the area during that time. The predominant age group in Red Hill is 10-19 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 63% of the homes in Red Hill were owner-occupied compared with 65.4% in 2016.

Red Hill has 1,627 properties. Over the last 5 years, Houses in Red Hill have seen a 43.58% increase in median value, while Units have seen a 54.39% increase. As at 31 August 2024:

  • The median value for Houses in Red Hill is $2,024,753 while the median value for Units is $765,161.
  • Houses have a median rent of $950 while Units have a median rent of $720.
There are currently 17 properties listed for sale, and 3 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 2603

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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.