OFF MARKET

40/1 Allambee Street
Reid ACT 2612

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 4649m2
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Property Details for 40/1 Allambee St, Reid

40/1 Allambee St, Reid is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 4649m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1981
Floor Size
107m2
Land Size
4649m2
Local Government
Canberra Central
Lot/Plan
REID: Block 4, Section 8, Unit 6

Last Listing description (April 2017)

Refurbish and capitalise on the unrealised potential of this single level, 120m2 approx. apartment located within metres of the City. Discerning buyers will appreciate the convenience of walking to the Canberra Centre with its department stores and numerous boutiques, taking in a movie or going to the theatre. Enjoy dining out and relaxing in nearby restaurants, cafes and bars. Walk or ride a bike - the ANU, the lake and its surrounding park lands and the walking and cycling trails of Mount Ainslie are close by.

Positioned on the top floor of the iconic Argyle Square development the three bedroom apartment enjoys a northerly aspect to the generous living spaces, access to a balcony and overlooks leafy, manicured gardens.

The kitchen was upgraded some time ago and is well equipped with modern appliances an a fitted pantry. All bedrooms include storage and have a leafy view over the rear balcony; the main has a two-way, full ensuite bathroom; a second bathroom includes the laundry.

Access to the stairwell is secure and a single garage with storage space is included.

It is some time since one of these single level, three bedroom apartments was offered for sale on the open market and a sale on auction day is anticipated.

General Rates: $1,570.96 pa
Land Tax: $1,962.84 pa - payable if leased
Water & Sewerage Supply: $630.80 pa
Body Corporate Levies: $4,661.76 pa
Potential Rental: $495 - $525 pw unfurnished.

Property History for 40/1 Allambee St, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$756,000
12 Oct 2021
Listed for Rent
$170/w
05 Dec 2015
  • 12 Oct 2021
    Sold for $756,000
  • 07 Apr 2017
    Sold for $535,000
  • 21 Feb 2017
    Listed for Sale $548,000
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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 1,506 properties. Over the last 5 years, Houses in Reid have seen a 34.58% increase in median value, while Units have seen a 33.79% increase. As at 30 September 2024:

  • The median value for Houses in Reid is $2,119,429 while the median value for Units is $528,452.
  • Houses have a median rent of $640 while Units have a median rent of $585.
There are currently 14 properties listed for sale, and 6 properties listed for rent in Reid on OnTheHouse. According to CoreLogic's data, 39 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.