OFF MARKET

308/83 Cooyong Street
Reid ACT 2612

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Last updated 11 Nov 2024
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Property Details for 308/83 Cooyong St, Reid

308/83 Cooyong St, Reid is a 2 bedroom, 2 bathroom Unit with 1 parking spaces.

Building Type
Unit
Local Government
Canberra Central
Lot/Plan
REID: Block 4, Section 7, Unit 350

Last Listing description (May 2024)

This apartment is a gem, conveniently located just across the road from the bustling city centre. You'll be at the heart of it all, with easy access to shopping, dining, and entertainment options. Positioned uniquely between the City Centre and vibrant Braddon, you'll have an array of choices for activities and dining options at your doorstep.

The apartment is part of a near-new complex, great for cash flow; offering contemporary living at low expense.

Features:
- Offered with vacant possession
- Double glazed throughout
- Great inclusions
- Perfect investment opportunity with tenants in place
- Electric cooking
- Reverse cycle split system for heating and cooling
- Beautiful floorboards
- Private layout with no neighbors to the front
- Designed with privacy in mind
- Rooftop pool, bbq & play area

Essentials:
Rent: $580 p.w.
Strata: $3,073 p.a. (approx)
Rates: $1,869 p.a. (approx)
Land Tax: $2,187 p.a. (approx) investors only
Indoor space: 68 sqm
Balcony: 9 sqm
Yeah built: 2022
EER: 6

Property History for 308/83 Cooyong St, Reid, ACT 2612

A timeline of how this property has performed in the market
  • 16 Oct 2023
    Listed for Sale Sold

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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 1,508 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 12 properties listed for sale, and 5 properties listed for rent in Reid on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Reid.

Suburb Insights for Reid 2612

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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.