SOLD
Sold on 16 Feb 2024 for $635,000

24/3 Allambee Street
Reid ACT 2612

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 89m2
Land area: 155m2
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Property Details for 24/3 Allambee St, Reid

24/3 Allambee St, Reid is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 155m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Reid in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
89m2
Land Size
155m2
Local Government
Canberra Central
Lot/Plan
REID: Block 2, Section 8, Unit 24

Last Listing description (November 2023)

This dual balcony unit is arguably situated in the best corner of the quaint and engaging Argyle Square complex. The established gardens, leafy trees, open spaces, central fountain and period lights create a serenity and peacefulness that belies the central location.

Located immediately adjacent to Glebe Park, the Canberra Centre and the CBD, this unit doesn't compromise any of its amenity or appeal for its convenience and location.

Whilst you're within walking distance of most things your car will secure in its individual lock up garage.

The property is perfect for the permanent owner occupier or as a Canberra home base for those who visit regularly for work or family. Alternatively, it could be an excellent investment for eventual conversion to a classy downsize.

The unit has been tastefully maintained leaving nothing left to do other than move in and start enjoying your new home.

Features:

* Stylish and quaint central two bedroom unit & individual lock up garage
* R/C A/C
* A complex with established gardens, leafy trees and open spaces
* Walking distance to the Canberra Centre, ACT Government offices and the CBD

EER: 6

Rates: approx. $2,772 per annum
Land tax: approx. $3,517 per annum
Strata Fees: approx. $4,664 per annum

Inspection by appointment unless otherwise advertised

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Property History for 24/3 Allambee St, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$635,000
16 Feb 2024
Listed for Rent
$450/w
23 Jan 2020
  • 16 Feb 2024
    Sold for $635,000
  • 12 Oct 2023
    Listed for Sale $645,000 - $665,000
  • 16 Nov 2020
    Listed for Rent $450 / week
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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 1,517 properties. Over the last 5 years, Houses in Reid have seen a 36.85% increase in median value, while Units have seen a 30.94% increase. As at 31 August 2024:

  • The median value for Houses in Reid is $2,207,457 while the median value for Units is $522,387.
  • Houses have a median rent of $610 while Units have a median rent of $585.
There are currently 6 properties listed for sale, and 7 properties listed for rent in Reid on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Reid.

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