OFF MARKET

101 Ian Nicol Street
Watson ACT 2602

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
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Last updated 28 Oct 2024
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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.

Building Type
Townhouse
Year Built
2011
Floor Size
50m2
Local Government
Majura
Lot/Plan
WATSON: Block 22, Section 75, Unit 2

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

A timeline of how this property has performed in the market
Listed for Rent
$450/w
08 Feb 2023
  • 17 Oct 2023
    Listed for Sale 420000+
  • 30 Jan 2023
    Listed for Rent $450 / week
  • 18 Nov 2014
    Listed 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 3,113 properties. Over the last 5 years, Houses in Watson have seen a 42.02% increase in median value, while Units have seen a 61.18% increase. As at 30 September 2024:

  • The median value for Houses in Watson is $1,075,314 while the median value for Units is $608,438.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 22 properties listed for sale, and 9 properties listed for rent in Watson on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Watson.

Suburb Insights for Watson 2602

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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.