OFF MARKET

9/40 Philip Hodgins Street
Wright ACT 2611

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 21170m2
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Property Details for 9/40 Philip Hodgins St, Wright

9/40 Philip Hodgins St, Wright is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 21170m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2015
Floor Size
70m2
Land Size
21170m2
Local Government
Molonglo Valley
Lot/Plan
WRIGHT: Block 1, Section 46, Unit 9

Last Listing description (February 2021)

Rent Assessment: $450-$490pw - an amazing minimum gross yield of 5.57% (based on $450pw rent)

If you're in the market for an apartment, as an owner or an investor, you've now found an absolute treasure!

- the perfect north and north-east orientation means you are not overshadowed by any other apartment, and

- an amazing balcony of 27m2 as a second living area that has views of the green space of Coombs plus the Pond, Black Mountain Tower and the Arboretum !

Observatory Living consists of seven individual buildings, set around a central courtyard, established as a model to enjoy recreation and fitness. It is like no other complex in Canberra, positioned at the highest point in Wright. Acclaimed for its serenity by Award-winning Jamie Durie designing the landscaped gardens, the fortunate residents living at Observatory Living are treated to unique and enviable options such as a stunning outdoor pool with those gorgeous red tiles, BBQs, fire-pits, exercise circuit and reflection ponds - all this just a short distance to the City, Cooleman Court and Woden.

The community at Observatory Living have the benefit of so many different floor plans of two bedroom apartments so make sure you're not comparing apples to oranges ! Another unique feature to set this apartment apart from any others, is that the second bedroom is queen-sized and the ensuite is the same size as the bathroom.

Our owners' comments: "We have loved living here and know the new owner will as well. The balcony is like another living room, with beautiful trees out front giving so much privacy during summer and so much sun coming in during winter. It is a very well managed complex with a building manager on site, so nothing is too much trouble."

Can it get any better?

Features Include:
- Two bedrooms and two bathrooms
- North and north-east orientation
- Energy resourceful aluminium glazed windows and sliding door
- Deluxe stone benchtop with premier AEG appliances
- Large ensuite to master bedroom with mirrored built in robes
- European laundry with tumble dryer
- Reverse cycle air conditioning
- Underground car space with lock-up storage room
- Secure building and car park entry and intercom access
- Walking distance to Stromlo Forest Park
- Stromlo Leisure Centre close by
- Denman Shops nearby
- Close to primary school
- Coombs Pond, Black Mountain Tower and Arboretum views
- NBN and Foxtel ports
- Jamie Durie designed landscaped gardens
- Pool, BBQs, fire pits, exercise circuits and reflection ponds
- Over 40 different breakout areas, including sheltered structures
- On-site building manager and daily cleaning
- Disability friendly development
- 19 visitor parks available for this one building
- Additional bicycle storage room
- Close to City, Cooleman Court and Woden
- Transport options close by

EER 6
Land Rates: $1,393.30 pa (FY20/21)
Land Tax: $1,634.81 pa (only if rented)
Body Corporate: $3,294 pa
Rent Assessment: $450-$490pw
10 Year Sinking Fund Plan - which helps ensure
your body corporate fees include future maintenance

(All measurements and figures are approximate)

Images, photographs, illustrations and floor plans on the website and on company brochures are for presentation purposes only and are intended to be indicative only. Whilst all details have been carefully prepared and are believed to be correct, no warranty can be given either expressly or implied by the vendors or their agents. Floor plans may not be to scale.

Property History for 9/40 Philip Hodgins St, Wright, ACT 2611

A timeline of how this property has performed in the market
Last Sold
$410,000
18 Feb 2021
  • 18 Feb 2021
    Sold for $410,000
  • 22 Oct 2020
    Listed for Sale $420,000
  • 24 Apr 2018
    Sold for $357,000
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About Wright 2611

The size of Wright is approximately 1.3 square kilometres. It has 5 parks covering nearly 6% of total area. The population of Wright in 2011 was 490 people. By 2016 the population was 2,751 showing a population growth of 461.4% in the area during that time. The predominant age group in Wright is 20-29 years. Households in Wright are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wright work in a professional occupation. In 2011, 46.4% of the homes in Wright were owner-occupied compared with 76.8% in 2016.

Wright has 2,016 properties. Over the last 5 years, Houses in Wright have seen a 52.28% increase in median value, while Units have seen a 28.70% increase. As at 31 October 2024:

  • The median value for Houses in Wright is $1,117,541 while the median value for Units is $520,691.
  • Houses have a median rent of $635 while Units have a median rent of $560.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Wright on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Wright.

Suburb Insights for Wright 2611

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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.