OFF MARKET

24 Parkin Street
Torrens ACT 2607

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 171m2
Land area: 731m2
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Property Details for 24 Parkin St, Torrens

24 Parkin St, Torrens is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 731m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1970
Floor Size
171m2
Land Size
731m2
Local Government
Woden Valley
Lot/Plan
TORRENS: Block 16, Section 7

Last Listing description (August 2023)

The opportunities are endless at 24 Parkin!

Set back from the road, on a whisper-quiet street in the heart of Woden Valley, you will find both an immaculately maintained 3-bedroom home and a separate 2-bedroom home at the rear of the flat block. This provides fantastic flexible opportunities, including the ability to reside in one property while earning rental income from the second, catering to the needs of multigenerational living or creating a home office or studio.

The 3-bedroom house welcomes you home with a large timber deck leading to glass sliding doors that bathe the living room in natural light. Once inside the home there is polished timber flooring in the living area and in the open plan kitchen that features display shelving to add your own touch with cookbooks, pictures or vases. There is also a dishwasher and plenty of bench space for all your culinary masterpieces.

The down lighting in the living room adds even more brightness, and up the hallway you will find a good-sized laundry with built in cupboards and access to the outdoor area. A linen cupboard in the hall ensures you have plenty of storage space and is conveniently located next to the full bathroom with separate toilet. The three good sized bedrooms are together at the end of the hall, all with carpet and curtains and one features a built-in robe.

The second property presents as new and offers an additional 2 bedrooms, a European laundry, modern bathroom with detachable shower head, heat lamp and a full-length storage cupboard. The home features timber-look tiled flooring and the kitchen, with its trendy colour palette and island offers Bosch appliances and plenty of storage. The two bedrooms have built-ins and windows overlooking the garden.

With the beautiful vista of Mount Taylor in the background, this unique opportunity in sought-after Torrens is must-see, especially for multi-generational families, those with older children at home or investors looking for a rental income. The location, a stone's throw from sporting facilities & within easy reach of fantastic schooling options including Torrens Primary, Sacred Heart Primary, Marist College and Melrose High, as well as arterial roads into the city is the height of convenience.

There has never been a better time to call Woden Valley home, with the Westfield Woden upgrades offering cinemas, shopping and banking. The town centre's new restaurant and bar precinct has established itself as a go-to destination and ease of access is provided by public transport including the upcoming light rail.

Features:
- 2 self-contained properties on one flat block
- Timber flooring in front property, timber-look laminate in back property
- Plenty of storage + ample parking space
- Open plan kitchen in both homes
- Fantastic location close to all Woden Valley has to offer
- Flexibility for your lifestyle
- Ducted reverse cycle air conditioning
- Reverse cycle wall unit in back property
- Set up for a fantastic investment opportunity or multigenerational living

Figures:
Dwelling 1: 90m2 of living
Dwelling 2: 75m2 of living
Land size: 731m2
UV: $548,200 (2022)
Rates: $3,700 p.a. approx.
Land Tax: $6,200 p.a. approx.
Rental estimate: $780.00 - $830.00

Property History for 24 Parkin St, Torrens, ACT 2607

A timeline of how this property has performed in the market
Last Sold
$1,050,000
14 Sep 2023
Listed for Rent
$450/w
27 Mar 2017
  • 14 Sep 2023
    Sold for $1,050,000
  • 13 Jul 2023
    Listed for Sale $1,100,000
  • 26 Mar 2017
    Listed for Rent - Price not available
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About Torrens 2607

The size of Torrens is approximately 1.3 square kilometres. It has 5 parks covering nearly 6.5% of total area. The population of Torrens in 2011 was 2,282 people. By 2016 the population was 2,201 showing a population decline of 3.5% in the area during that time. The predominant age group in Torrens is 40-49 years. Households in Torrens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torrens work in a professional occupation. In 2011, 71.4% of the homes in Torrens were owner-occupied compared with 72% in 2016.

Torrens has 987 properties. Over the last 5 years, Houses in Torrens have seen a 47.38% increase in median value, while Units have seen a 59.99% increase. As at 31 October 2024:

  • The median value for Houses in Torrens is $1,046,305 while the median value for Units is $758,550.
  • Houses have a median rent of $693 while Units have a median rent of $575.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Torrens on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Torrens.

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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.