OFF MARKET

5/43 Constitution Avenue
Reid ACT 2612

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 2225m2
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Property Details for 5/43 Constitution Ave, Reid

5/43 Constitution Ave, Reid is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 2225m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
2014
Floor Size
51m2
Land Size
2225m2
Local Government
Canberra Central
Lot/Plan
REID: Block 9, Section 33, Unit 5

Last Listing description (August 2021)

Offers over $400,000

Situated in the heart of Canberra City, this chic one bedroom, one bathroom delight is a first home buyer or investor's dream! There's a lot to love about being right in amongst the action.

This well thought out and ultra-modern apartment is located on level two at the back of The Jamieson Apartments away from any road noise and has a tranquil outlook into Church grounds. Constructed by Hindmarsh in 2015, you're guaranteed expert design, high quality finishes and 5 Star Green Star credentials.

The open plan layout offers buyers a canvas to make this space fit for living or fit for purpose with tenants and guests in mind. Timeless features such as stone benchtops tiles and brand new carpets underfoot ensure longevity for your inner-city gem.

If you gave us the chance, we'd talk about the location forever. Proximity to the city is unmatched, with highly regarded restaurants, bars, brunch go-to spots and Lake Burley Griffin right on your doorstep. There's truly no better location to soak in all Canberra has to offer.

If you're looking for a lifestyle change, or don't want to miss out on a stellar investment opportunity, move fast! Properties this highly sought after don't last long plus being vacant we can move you in quickly, no waiting for current residents to leave.

SMS 'your name' and '5 Jam' to 0431 228 046 to get a copy of the digital brochure containing the contract and explanation of our sales campaign

Features Overview:
- Inner-city location! Your front doorstep is bars, cafes, restaurants, the lake, potentially your job if you work nearby - think of the convenience, you might not even need a car?
- Huge terrace with plenty of space for outdoor entertaining, exercise equipment, terrace garden.
- Efficiently designed storage solutions throughout
- Allocated car space and storage enclosure in the basement
- Pet friendly (subject to strata notification)
- Vacant and available for immediate occupation (option to move in prior to settlement)
- Flexible settlement options if you have another property you want, or need, to sell

The Apartment:
- Entryway with plenty of storage including a linen cupboard efficiently designed with small shelves and long narrow spaces for ironing board. There's no wasted space in this place.
- Bedroom complete with double, sliding, mirrored robe, with hanging space and shelves
- Ensuite with modern inclusions; vanity, shower, and toilet, full height tiling, large mirror that doubles as storage cupboard - sneakily tucked away storage to keep the bathroom uncluttered.
- Open plan living with a large, open plan kitchen featuring ample stone benchtop space, fully equipped with single sink, four burner gas cooktop, electric oven, and range hood.
- Ducted reverse cycle heating and cooling throughout.
- Tiles under foot from door through to kitchen, creating a streamlined walkway.
- Brand new carpets in bedroom and living room.
- LED lighting and ceiling fans in the bedroom and living area.
- Two double glazed glass sliding doors allow gorgeous light to flood into the apartment.
- Thick curtains go right across to block out all light and ensure ultimate privacy.
- The living areas open onto a huge north facing terrace, partially covered so you can enjoy sun and shade.
- Video intercom providing access control for guests

The Development:
- Built by Hindmarsh in 2015
- 89 apartments in this 5 green star designed complex
- 8 stories high plus basement parking
- Surrounded by a parcel of land owned by the Anglican Church (no further unit developments)

The Location:
- Just 2 blocks from Allara Street and the City Centre with its wealth of retail and dining options
- Across the road from Lake Burley Griffin, Commonwealth Park, Regatta Point etc
- Wonderful walking and biking trails on your doorstep
Underpass taking you direct to the Lake without needing to cross Parks Way

The Offer Process:
- To help buyers on value, we advertise a guide price which your offer must exceed.
- Offers can be subject to finance or unconditional and on a contract (preferred).
- Offers are confidential & will not disclosed to other buyers for privacy purposes.
- A 5% deposit is acceptable via eft just prior to exchange of contracts.
- We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required.
- The property will not be held off the market under offer until the buyer is ready to exchange contracts

The numbers:
- Living: 53m
- Terrace: 24m
- Age: 6 years approx. Built 2015
- Builder/developer: Hindmarsh
- Strata levies: $3,773 p.a.
- General rates: $1,977 p.a.
- Water & sewerage rates: $660 p.a.
- Land tax (investors only): $1,919 p.a.
- Rental estimate (unfurnished): $470/week
- EER: 6 stars
- Current administrative fund balance: $55,013
- Current sinking fund balance: $338,274
- Strata manager Bright and Duggan, call 61563305 to book search of strata records
- Units plan number 4077

Property History for 5/43 Constitution Ave, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$450,000
21 Aug 2021
Listed for Rent
$390/w
16 Aug 2017
  • 21 Aug 2021
    Sold for $450,000
  • 06 Aug 2021
    Listed for Sale Offers Over $400,000
  • 03 Jul 2017
    Listed for Rent $390 / 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 1,510 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 13 properties listed for sale, and 7 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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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.