OFF MARKET

74/1-3 Kogarah Lane
Reid ACT 2612

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 5475m2
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Property Details for 74/1-3 Kogarah Lane, Reid

74/1-3 Kogarah Lane, Reid is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 5475m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in September 2018.

Building Type
Unit
Year Built
1981
Floor Size
73m2
Land Size
5475m2
Local Government
Canberra Central
Lot/Plan
REID: Block 6, Section 8, Unit 14

Last Listing description (September 2018)

TO INSPECT FOLLOW THE SIGNS FROM AINSLIE AVENUE - PRIVATE INSPECTIONS ARE AVAILABLE BY APPOINTMENT
The iconic, Argyle Square development is renowned for its leafy, private gardens and its convenient location just moments from the City. Imagine being able to walk to and enjoy the best offer without taking the car from its garage. Whether it is shopping in department stores and boutiques, going to the movies and concerts, meeting friends for lunch or dining out, it is all on your doorstep. The vibrant Braddon dining and shopping precinct, the Lake and its surrounding park lands, Glebe Park, Mt Ainslie's walking and cycling trails and the ANU are close by.
The 101m2 single level, ground floor apartment is larger than some new three bedroom apartments. It has generous, light filled living spaces opening to the verandah and over looking the gardens. Both bedrooms have walk-in robes and the main has access to the rear courtyard and the full bathroom; the powder room is a welcome bonus.

Recently modernised, the kitchen is well equipped with 'as new' appliances and the updated separate laundry, a rare feature in many modern apartments, will impress. There is a surprising amount of internal storage and single brick garage.
Professionals working in the City and first home buyers will appreciate the opportunity to add their own personal touches with soft furnishings and flooring; at some future date, a bathroom makeover will add to the apartment's value. Investors can be assured of high occupancy rates and consistent returns.
Government Charges:
General Rates: $1,967.79 pa
Land Tax: $2,710.17 pa
Water & Sewerage Supply: $651.29 pa
Body Corporate Levies: $3,628 pa
Potential Rental: $$460.00 to $490.00 pw
Block: 6
Section: 8
Living size: 101m2
Block Size: 5474m2

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Property History for 74/1-3 Kogarah Lane, Reid, ACT 2612

A timeline of how this property has performed in the market
Last Sold
$530,000
22 Sep 2018
  • 22 Sep 2018
    Sold for $530,000
  • 30 Aug 2018
    Listed for Sale Auction 22/09/18
  • 17 Mar 2018
    Transferred
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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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