SOLD
Sold on 14 Jun 2024 for $309,900

13/86 Derrima Road
Crestwood NSW 2620

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
Land area: 2529m2
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Property Details for 13/86 Derrima Rd, Crestwood

13/86 Derrima Rd, Crestwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 2529m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Crestwood in the last 12 months.

Building Type
Unit
Year Built
1976
Floor Size
63m2
Land Size
2529m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
13/SP11012

Last Listing description (July 2024)

Welcome to this exceptional two-bedroom apartment on offer. A haven of natural light with views towards Canberra's skyline from the balcony. This property offers a spacious internal living area that stands out from other market options today.

Previously owner-occupied, this apartment is now ready for its next chapter. You can either move in immediately or capitalize on the opportunity to improve and future-proof the property. The convenience of a lift ensures easy access within the building.

Let us start the conversation! This property is destined to sell quickly, and sell it will to any discerning buyers:

First-time buyers: It is crucial you review this property.

Investors: A solid performer with net return yields that are sure to prompt interest.

Future-proofing buyers: Those looking to update will love the potential on offer, with great prospects for future appeal and aesthetic enhancements.

Key Features:

Second-level living: Enjoy peaceful views and elevated living.
Two bedrooms with built-in wardrobes: Ample storage and comfort.
Living area with balcony: Perfect for relaxation with serene views.
Split system heating and cooling: Comfort in all seasons.
Covered single-car space: Conveniently close to entryways.
Spacious laundry room: Additional storage opportunities.
Secure complex: NBN FTTP connection, updated security with intercom access, and external security cameras in communal areas.
Mobility-friendly: Suitable for those with accessibility needs.
Prime location: Easy access from Henderson Rd (best entry point) and Derrima Rd, close to Queanbeyan's vibrant CBD and Canberra.
Who would have thought: The inclusion of a hallway? a feature rarely seen in apartments, provides depth and privacy, separating the bedrooms and bathroom from the main living and kitchen/dining areas.

Perched in the heart of Crestwood, standing tall and proud, Kowen Towers is here to stay. With Queanbeyan's vibrant CBD and Canberra just a skip and jump away, you'll enjoy easy access to major amenities, parks, and recreational facilities.

Property particulars (approx):

Home: 64m2
Balcony: 4m2
Covered parking: 13m2
Total Area: 81m2
Year Built: 1976
Number of homes in complex: 50 (a good mix of owner-occupied units)

Financial Details:

Rates: Approximately $2,212.00 per annum
Strata fees: Approximately $860.00 per quarter
(As is) Suggested weekly rent for investors: $380.00 - $400.00 per week
(Renovated) Suggested weekly rent for investors: $440.00 - $460.00 per week
Vacant possession: Ready for immediate occupancy
Do not miss this opportunity to elevate your lifestyle in Kowen Towers, Crestwood!

Arrange your inspection today and experience the versatility and potential this property offers.

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Property History for 13/86 Derrima Rd, Crestwood, NSW 2620

A timeline of how this property has performed in the market
Last Sold
$309,900
14 Jun 2024
Listed for Rent
$300/w
23 Jul 2020
  • 14 Jun 2024
    Sold for $309,900
  • 22 May 2024
    Listed for Sale Not Disclosed
  • 06 Jul 2020
    Listed for Rent $300 / week
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About Crestwood 2620

The size of Crestwood is approximately 2 square kilometres. It has 9 parks covering nearly 7.8% of total area. The population of Crestwood in 2011 was 4,451 people. By 2016 the population was 4,606 showing a population growth of 3.5% in the area during that time. The predominant age group in Crestwood is 30-39 years. Households in Crestwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Crestwood work in a professional occupation. In 2011, 60.2% of the homes in Crestwood were owner-occupied compared with 53.8% in 2016.

Crestwood has 2,714 properties. Over the last 5 years, Houses in Crestwood have seen a 59.35% increase in median value, while Units have seen a 51.81% increase. As at 31 October 2024:

  • The median value for Houses in Crestwood is $789,802 while the median value for Units is $382,202.
  • Houses have a median rent of $585 while Units have a median rent of $420.
There are currently 12 properties listed for sale, and 11 properties listed for rent in Crestwood on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Crestwood.

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