SOLD
Sold on 27 Sep 2024 for $550,000

5/78 Hicks Street
Red Hill ACT 2603

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 950m2
Sold By
Purnell Citywide Real Estate Kingston
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Property Details for 5/78 Hicks St, Red Hill

5/78 Hicks St, Red Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 950m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Red Hill in the last 12 months.

Building Type
Unit
Year Built
1985
Floor Size
66m2
Land Size
950m2
Local Government
Canberra Central
Lot/Plan
RED HILL: Block 15, Section 11, Unit 5

Last Listing description (September 2024)

Situated in the heart of the desirable and leafy inner-south suburb of Red Hill, is this convenient two-bedroom first floor unit. Provided with its excellent position, you have the convenience of a five-minute walk to the Red Hill shops, which host renowned establishments such as the Supaexpress Supermarket, Fox and Bow, Bravo Pizza, the Red Hill Butcher and more. You will be able to enjoy the advantage of being situated close to the Manuka precinct, the Parliamentary Triangle, Lake Burley Griffin and only a short drive into the City Centre and Airport. In addition, sought after schools such as St Bede's, Red Hill Primary and Canberra Grammar would be right at your doorstep.

Inside you will discover a comfortable living arrangement with the two generously sized bedrooms being immensely light filled and complete with built-in wardrobes. The expansive living and dining area has been designed to capture this natural light through its versatile open plan layout connecting into the well-equipped kitchen through timber floors. The kitchen features a ceramic electric cooktop and stainless-steel oven, while offering amply storage space with overhead cupboards and a washing machine. The renovated bathroom features a recently added vanity and a bathtub in which continues the modern feel. In addition, the property includes a split system for heating and cooling and an outlook onto a well-maintained communal front garden and parking area, lending a sense of privacy and tranquility.

In Summary:

- 66m2 of living
- Leafy and central location
- Flooded with natural light
- Reverse cycle air conditioning
- Built-in wardrobes
- Walking distance to Red Hill Shops and sought after schools

Figure Summary (all approx.)
- Body corporate: $1282 p.q.
- General rates: $683 p.q.
- Land Tax: $940

Property History for 5/78 Hicks St, Red Hill, ACT 2603

A timeline of how this property has performed in the market
Last Sold
$550,000
27 Sep 2024
Listed for Rent
$480/w
09 Jun 2023
  • 27 Sep 2024
    Sold for $550,000
  • 02 May 2024
    Listed for Sale $549,000+
  • 08 May 2023
    Listed for Rent $480 / week
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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 1,619 properties. Over the last 5 years, Houses in Red Hill have seen a 43.72% increase in median value, while Units have seen a 64.06% increase. As at 31 October 2024:

  • The median value for Houses in Red Hill is $2,007,485 while the median value for Units is $821,518.
  • Houses have a median rent of $950 while Units have a median rent of $650.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 57 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.