SOLD
Sold on 09 Jul 2024 for $520,000

18 Lochiel Street
Karabar NSW 2620

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1400m2
Sold By
Hayman Partners
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Property Details for 18 Lochiel St, Karabar

Building Type
Land
Land Size
1400m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
101/DP1261884

Last Listing description (August 2024)

Situated alongside the Queanbeyan River, this expansive 1,414m2 elevated block of land boasts views of the surrounding hills and backs onto the nature reserve and walking trails. An ideal parcel of land ready for you to design your stunning new home!

18 Lochiel Street, Karabar is well located within close proximity to Queanbeyan Hospital, Karabar Shopping Mall, Karabar High, & Queanbeyan South Public School.

Take advantage of this rare opportunity to secure a clean slate in this tightly held location surrounded by other custom-built homes.

Features:
- 1414m2 block situated alongside the Queanbeyan river
- Elevated location backing onto nature reserve
- North Facing
- Close proximity to Karabar shopping centre, Queanbeyan hospital, Riverside Plaza, and many local schools.

Rates: $2,918 pa
Land Value: $563,000
Block size: 1,414 sqm

Property History for 18 Lochiel St, Karabar, NSW 2620

A timeline of how this property has performed in the market
Last Sold
$520,000
09 Jul 2024
  • 09 Jul 2024
    Sold for $520,000
  • 16 May 2024
    Listed for Sale $520,000
  • 02 Nov 2022
    Listed for Sale $599,000
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About Karabar 2620

The size of Karabar is approximately 7 square kilometres. It has 12 parks covering nearly 8.9% of total area. The population of Karabar in 2011 was 8,600 people. By 2016 the population was 8,247 showing a population decline of 4.1% in the area during that time. The predominant age group in Karabar is 40-49 years. Households in Karabar are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Karabar work in a clerical occupation. In 2011, 66.6% of the homes in Karabar were owner-occupied compared with 67% in 2016.

Karabar has 3,747 properties. Over the last 5 years, Houses in Karabar have seen a 49.44% increase in median value, while Units have seen a 42.21% increase. As at 31 July 2024:

  • The median value for Houses in Karabar is $717,565 while the median value for Units is $511,830.
  • Houses have a median rent of $600 while Units have a median rent of $428.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Karabar on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Karabar.

Suburb Insights for Karabar 2620

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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.