OFF MARKET

5/24 Torrens Place
Torrens ACT 2607

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 77m2
Land area: 501m2
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Property Details for 5/24 Torrens Pl, Torrens

Building Type
Commercial
Floor Size
77m2
Land Size
501m2
Local Government
Woden Valley
Lot/Plan
TORRENS: Block 6, Section 23, Unit 5

Last Listing description (March 2017)

Torrens is centrally located in the Woden Valley and is an established suburb surrounded by neighboring Farrer, Mawson, Pearce and Chifley. The shopping Centre is positioned close to local schools, public transport and a short distance to the Southlands Shopping Centre and approximately 3.5km to the Woden Town Centre. Unit 2 - For Lease
Offers a small 36m2 sized unit inclusive of a toilet, kitchenette, storage and has rear lane access. The fit-out is predominantly open plan leaving the opportunity for a new business.
There are a number of mixed use tenants including professional offices, retail, food and personal services.

The centre offers ample on site parking, with the gardens controlled and maintained by the ACT Government. The area will also welcome a new day care centre in late 2016.

Property History for 5/24 Torrens Pl, Torrens, ACT 2607

A timeline of how this property has performed in the market
Last Sold
$165,000
24 Apr 2008
Listed for Rent
$287/w
03 Mar 2017
  • 17 Jan 2017
    Listed for Rent - Price not available
  • 20 Oct 2016
    Listed for Rent - Price not available
  • 04 Aug 2016
    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.

Suburb Insights for Torrens 2607

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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.