OFF MARKET

112/14 Boolee Street
Reid ACT 2612

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
Land area: 10482m2
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Property Details for 112/14 Boolee St, Reid

112/14 Boolee St, Reid is a 1 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 10482m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in September 1994.

Building Type
Unit
Year Built
1994
Floor Size
49m2
Land Size
10482m2
Local Government
Canberra Central
Lot/Plan
REID: Block 4, Section 14, Unit 112

Last Listing description (January 2024)

Note: December 2023 Special Levy Amount to be paid by sellers at settlement.

Conveniently located in the iconic Monterey Apartment complex in Reid, this lovely north-facing one bedroom apartment has the style and functionality to suit any discerning owner.

You'll recognise the Monterey Apartment complex as it's stood proudly on the fringe of Canberra's CBD for a generation to see. A building that is as striking and well built now externally and internally as the day it was built.

The apartment itself has been recently refurbished, with neutral tones throughout, near the historic and heritage precinct homes of Reid. Upon entering the apartment you'll immediately see this is a floorplan that works. Freshly painted with laminate flooring, it's open with loads of sunlight streaming in. A well proportioned living space is overlooked by the functional kitchen which offers so many more cupboards and bench space than more recently built apartments nearby. Complementing the internal living space is a full-length balcony taking in the beautiful tree lined street. A great spot to sit and relax.

Monterey also offers very secure with gated access for residents only. Well maintained facilities such as a pool and tennis court are at your doorstep for the use of residents only. All of this with an undercover secure parking space and only moments' walk to the city, Glebe Park and Braddon's restaurant and caf district.

Features:
- 1994 double brick / concrete construction
- Freshly painted with new laminate flooring
- Open plan living
- Refurbished kitchen and breakfast bar
- Ample storage in kitchen
- Queen sized bedroom with built-in robe
- Separate bathroom with new vanity
- European laundry
- Private balcony with new tiles
- Inner city location
- Outdoor heated pool
- Separate huge bicycle storage room for residents
- Undercover secure allocated car space
- Tennis court

EER: 6
Rates: $498.66 pq
WS&S: $176 pq
Body Corporate: $915.56 pq
Dec 2023 Special Levy: $0 for new owner (current owner will extinguish)

Rent Appraisal: $450-$500pw
Anticipated gross yield of 5.85% to 6.5% (based on $400,000)
Land Tax: $615.90pq (only payable if rented)

Note: All measurements and figures are approximate.

Property History for 112/14 Boolee St, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$123,000
01 Sep 1994
  • 10 Oct 2023
    Listed for Sale Not Disclosed
  • 01 Sep 1994
    Sold for $123,000
  • 09 Mar 1993
    Sold for $123,000

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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 1,509 properties. Over the last 5 years, Houses in Reid have seen a 41.13% increase in median value, while Units have seen a 39.34% increase. As at 31 October 2024:

  • The median value for Houses in Reid is $2,208,920 while the median value for Units is $524,617.
  • Houses have a median rent of $600 while Units have a median rent of $575.
There are currently 14 properties listed for sale, and 5 properties listed for rent in Reid on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Reid.

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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.