OFF MARKET

60/1 Allambee Street
Reid ACT 2612

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 4649m2
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Last updated 11 Nov 2024
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Property Details for 60/1 Allambee St, Reid

60/1 Allambee St, Reid is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 4649m2 and floor size of 82m2.

Building Type
Unit
Year Built
1981
Floor Size
82m2
Land Size
4649m2
Local Government
Canberra Central

Last Listing description (June 2017)

Several two and three bedroom apartments have sold in Argyle Square this year however none were quite like No 60.
This single level apartment is positioned on the ground floor and is one of the few in the development with direct access from the garage into its rear courtyard.Two bedrooms, both with walk-in robes, a full bathroom, powder room, separate laundry and generous living areas are included in the 101m2 of living space.
We have managed the apartment for a number of years and although it presents in original condition, would readily lease again as is. The owner occupier will be impressed by its affordability and its potential for a make over of the wet areas at some future date.

Argyle Square is renowned for its manicured gardens and its convenience to the City. Imagine being able to enjoy the best the City has to offer without taking the car from the garage. Whether it is shopping in department stores or boutiques, going to the movies or concerts, meeting friends for lunch or dining out, it is all at your doorstep. The lake and its surrounding park lands, Mt Ainslie and the ANU are close by.
General Rates: $1,442.52 pa
Land Tax: $1,728.86 pa - payable if leased
Water & Sewerage Supply: $630.80 pa
Body Corporate Levies: $3,114.08 pa
Potential Rental: $445 - $465 pw - unfurnished.

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Property History for 60/1 Allambee St, Reid, ACT 2612

A timeline of how this property has performed in the market
  • 16 May 2017
    Listed for Sale $479,000

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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 13 properties listed for sale, and 6 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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