SOLD
Sold on 01 Mar 2024 for $343,000

2/3 Velacia Place
Queanbeyan NSW 2620

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 898m2
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Property Details for 2/3 Velacia Pl, Queanbeyan

2/3 Velacia Pl, Queanbeyan is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 898m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Queanbeyan in the last 12 months.

Building Type
Unit
Year Built
1973
Floor Size
74m2
Land Size
898m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
2/SP7496

Last Listing description (March 2024)

Positioned on Velacia Place in Queanbeyan you will find this complex of 8 units, perfectly located and within walking distance to shops, restaurants, the hospital and doctors. This unit presents as an affordable entry into the market and is a great option for investors, first home buyers or those looking for a ground level unit.

The layout (81sqm of living including under cover balcony) includes an open plan lounge, kitchen and dining space which offers plenty of light plus two good sized bedrooms, a bathroom and separate laundry. There is also an under-cover balcony off the lounge room. Car accommodation is by way of a large single car garage (26.3sqm) located directly underneath the unit.

? For the astute investor, please note this property currently has an approximate rental figure of between $380 - $400 per week, however there is potential to add value with a few cosmetic upgrades.

? Rates - $583 per quarter approx.
? Strata - $630 per quarter approx.

This is a great opportunity to secure a spacious 2 bedroom unit in the heart of Queanbeyan at an affordable price. Call now.

DISCLAIMER. We have in preparing this document used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

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Property History for 2/3 Velacia Pl, Queanbeyan, NSW 2620

A timeline of how this property has performed in the market
Last Sold
$343,000
01 Mar 2024
Listed for Rent
$320/w
15 May 2020
  • 01 Mar 2024
    Sold for $343,000
  • 19 Feb 2024
    Listed for Sale Not Disclosed
  • 08 May 2020
    Listed for Rent $320 / week
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About Queanbeyan 2620

The size of Queanbeyan is approximately 2.8 square kilometres. It has 14 parks covering nearly 15.1% of total area. The population of Queanbeyan in 2011 was 5,783 people. By 2016 the population was 6,254 showing a population growth of 8.1% in the area during that time. The predominant age group in Queanbeyan is 20-29 years. Households in Queanbeyan are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Queanbeyan work in a professional occupation. In 2011, 55.1% of the homes in Queanbeyan were owner-occupied compared with 48.6% in 2016.

Queanbeyan has 4,104 properties. Over the last 5 years, Houses in Queanbeyan have seen a 57.78% increase in median value, while Units have seen a 45.57% increase. As at 31 October 2024:

  • The median value for Houses in Queanbeyan is $785,077 while the median value for Units is $420,861.
  • Houses have a median rent of $558 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 20 properties listed for rent in Queanbeyan on OnTheHouse. According to CoreLogic's data, 160 properties were sold in the past 12 months in Queanbeyan.

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