101 Ian Nicol StreetWatson ACT 2602
Property Details for 101 Ian Nicol St, Watson
101 Ian Nicol St, Watson is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2011. The property has a floor size of 50m2.
Last Listing description (February 2024)
Discover the perfect blend of convenience and serenity at this charming one bedroom townhouse, nestled at the foot of Mount Majura Nature Reserve. Within range of local shopping centres, public transport, EPIC and the city centre, this property offers an excellent investment opportunity and an ideal setting for a balanced lifestyle.
Located right opposite a conserved tree, this property has the best view in 'the Fair'. The long driveway and single lock-up garage with internal access comfortably fit two vehicles on the ground level. Stepping up into the sunny living area, you will find a sleek and functional kitchen with plenty of storage space. The spacious living area offers more than enough room for dining, entertainment as well as work/study. The large bedroom boasts ample natural light and a built-in wardrobe with a mirrored front. With an oversized undercover balcony, you will surely enjoy peace with the view, sunshine and breeze.
If you are an investor or may consider this an investment property in the future, this property is a great choice with remarkably low historical vacancy rate. The current rental income is $480 per week until lease end in early February 2024, with the option to renew further. If you intend to live in the property, the tenant can vacate the property at the end of the lease.
As the owner of this property, you will find additional benefits such as better access to some of Canberra's best schools.
Private schools within close reach:
- Emmaus Christian School (P-10)
- Blue Gum Primary & Secondary School (P-10)
- Brindabella Christian College (P-12)
- Daramalan College (7-12)
Your property is in the Priority Enrolment Area (PEA) of the following public schools in 2024:
1. Majura Primary School
2. Ainslie School
3. Lyneham High School
4. Campbell High School
5. Shirley Smith High School (opening in 2024)
6. Dickson College
7. Gungahlin College
The Fair residents also have access to the Community Centre, playground, and BBQ facilities. This one bedroom townhouse will not stop us from having a blast.
Estimates:
- Council rates: $582/quarter
- Land tax: $732/quarter
- Water bill: $ 187/quarter
- Levy: $565/quarter
- Lease potential: $480/week (subject to the market condition)
Property History for 101 Ian Nicol St, Watson, ACT 2602
- 17 Oct 2023Listed for Sale 420000+
- 30 Jan 2023Listed for Rent $450 / week
- 18 Nov 2014Listed for Rent $320 / week
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About Watson 2602
The size of Watson is approximately 3.7 square kilometres. It has 9 parks covering nearly 16% of total area. The population of Watson in 2011 was 5,121 people. By 2016 the population was 5,880 showing a population growth of 14.8% in the area during that time. The predominant age group in Watson is 30-39 years. Households in Watson are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Watson work in a professional occupation. In 2011, 59.8% of the homes in Watson were owner-occupied compared with 57.2% in 2016.
Watson has 3,141 properties. Over the last 5 years, Houses in Watson have seen a 41.73% increase in median value, while Units have seen a 44.62% increase. As at 28 February 2025:
- The median value for Houses in Watson is $1,078,403 while the median value for Units is $549,491.
- Houses have a median rent of $600 while Units have a median rent of $550.
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