6/16 Discovery StreetRed Hill ACT 2603
Property Details for 6/16 Discovery St, Red Hill
6/16 Discovery St, Red Hill is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 1562m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (April 2017)
PRICE REDUCTION!
Uniquely located in the popular ?Banc? Complex this renovated and fully furnished one bedroom unit is ready for its new owners!
Attention investors - this property has been rented in the past for $425.00 a week and has a current rental range of $380.00 to $400.00 a week. Coupled with an even more realistic sales price means real potential for investors to yield a good nett return.
Featuring a stunning parquetry floor, the open plan living areas are light and airy and feature an attractive updated kitchen with loads of marble bench space, stainless steel appliances, dishwasher with an adjoining compact European laundry.
The living area leads to a balcony with leafy views across Red Hill and to the mountains beyond. The large carpeted bedroom has built in robes and the updated bathroom includes floor to ceiling tiles.
Downstairs there?s a single undercover car space and an attached storage cage.
This small boutique complex of 13 units provides a perfect investment opportunity or a comfortable, convenient and stylish lifestyle in the Inner South.
Features Include:
Renovated one bedroom unit
Tree-top and extended mountain views
Direct access from street
Light-filled open plan living area opening onto balcony
Electric heating unit in living area
Renovated kitchen with dishwasher
European style laundry
Single under cover parking with attached storage cage
E.E.R. 1.5
$3,048. - Body Corp yearly fees
$1,334. - General rates
$1,094. - Land tax
If you would like more information about this unique property ? please contact Greg on 0432 365 184.
Property History for 6/16 Discovery St, Red Hill, ACT 2603
- 07 Dec 2016Sold for $292,500
- 06 Oct 2016Listed for Sale $309,000+
- 09 Sep 2016Listed for Rent $350 / 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 1,618 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.
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