SOLD
RECENT ADVICE
Sold on 09 Sep 2024 for $435,000

1104/81-83 Cooyong Street
Reid ACT 2612

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 1104/81-83 Cooyong St, Reid

1104/81-83 Cooyong St, Reid is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Reid in the last 12 months.

Building Type
Unit
Local Government
Canberra Central
Lot/Plan
REID: Block 4, Section 7, Unit 271

Last Listing description (September 2024)

A one-bedroom city chic apartment is now available to purchase as a standout investment or live in opportunity. With amazing 11th floor views from the sub penthouse floor, facing north for all the best Canberra winter sunlight!

If you're currently looking to live in or invest, then here is an excellent opportunity to have an elevated opportunity at the very doorstep to Canberra City itself. A modern chic opportunity with a balcony looking out northwards over the City and to Mount Ainslie .

With all the modern conveniences at your fingertips, in a building that is only two years old, whilst being just across Cooyong Street from the retail and commercial heart of Canberra; it will tick all the boxes for both live in buyers/investors here.

With 2024/25 financial year just starting, here is an excellent opportunity for those people moving both within Canberra and to Canberra Be it for lifestyle, work, or University needs.

The current owners have said goodbye to this investment, which gives the new owners the opportunity for this chic apartment. Priced realistically to meet the current market, we are taking private viewing requests.

Features Include:

One bedroom 49 sqm level one apartment, with 9sqm balcony
Large wardrobe storage
Engineered timber-like floor
Modern appliances and architectural interiors
Security building, one car space
Security building video-com
Lift access executive meeting rooms with plunge pool in Metropol 1
Double glazing floor to ceiling
Reverse cycle heating and cooling
Open plan kitchen living
Vacant

Outgoings & Property Information:

Living Size with Balcony: 58 sqm
Rates: $456 per quarter
Body Corporate Fees: $2,629 per annum
Land tax (if rented): $539.19 per quarter
Rental Potential: $565 per week
Year Built: 2021
EER: 6.0

Disclaimer:

While we take all due care in gathering details regarding our properties either for sale or lease, we accept no responsibility for any inaccuracies herein. All parties/applicants should rely on their own research to confirm any information provided.

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Property History for 1104/81-83 Cooyong St, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$435,000
09 Sep 2024
  • 09 Sep 2024
    Sold for $435,000
  • 28 Jun 2024
    Listed for Sale Offers Over $440,000

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About Reid 2612

The size of Reid is approximately 1 square kilometres. It has 7 parks covering nearly 16.5% of total area. The population of Reid in 2011 was 1,582 people. By 2016 the population was 1,645 showing a population growth of 4.0% in the area during that time. The predominant age group in Reid is 20-29 years. Households in Reid are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Reid work in a professional occupation. In 2011, 41% of the homes in Reid were owner-occupied compared with 38.2% in 2016.

Reid has 1,524 properties. Over the last 5 years, Houses in Reid have seen a 48.34% increase in median value, while Units have seen a 18.39% increase. As at 30 November 2024:

  • The median value for Houses in Reid is $2,228,994 while the median value for Units is $512,163.
  • Houses have a median rent of $600 while Units have a median rent of $590.
There are currently 10 properties listed for sale, and 8 properties listed for rent in Reid on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Reid.

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