OFF MARKET

5/4 Velacia Place
Queanbeyan NSW 2620

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 1069m2
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Last updated 16 Sep 2024
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Property Details for 5/4 Velacia Pl, Queanbeyan

5/4 Velacia Pl, Queanbeyan is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 1069m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
Unit
Year Built
1975
Floor Size
66m2
Land Size
1069m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
5/SP7440

Last Listing description (February 2022)

FEATURES INCLUDE

- Rates: $1,896.00 Per annum approx..
- Strata: $757.75 Per quarter approx.

- Rental: $350.00 Per week (Tenant in lease until 13/05/2022)
- Yield: 6.3% approx.

Is your money in the bank not seeing the returns you want? Why not consider property investment? Although, seeing as you are reading this, I guess you already have!

When it comes down to it, it is the numbers that count, right?? Well, we have crunched these numbers, and they are looking GREAT! With vacancy rates around 0.8% and the rental market sky rocketing, there has never been a better time to be an investor.

They call it country living with city benefits! The ongoing redevelopment to the Central Business District of Queanbeyan is certainly exciting and with the positioning of this unit you can fully take advantage of all the fabulous amenities that the town has to offer including the Queanbeyan Aquatic Centre, Riverside Plaza, local parks, infrastructure, and local cafes' such as Fourth Seed, the Millhouse or Caf Thirty 4.

Renovated internally and absolutely bursting with potential, this property is only fifteen minutes from the Canberra City and minutes away from the Queanbeyan Central Business District.

ADDITIONAL FEATURES INCLUDE
- Rates: $1896.00 Per annum approx..
- Strata: $757.75 Per quarter approx.
- Rental: $350.00 Per week (Tenant in lease until 13/05/2022)
- Yield: 6.3% approx.
- Renovated two-bedroom design
- Large open lounge/dining room
- Main bedroom features balcony with a built-in wardrobe
- Second bedroom is a great size
- Large internal laundry and bathroom combined
- Excellent size renovated kitchen with ample cupboard space
- Allocated car space

To view this beautiful home, please contact Lucy MacGregor on 0433 310 366 or Ian McNamee & Partners Jerrabomberra on 6283 5555

COVID-19:
Our top priority is the safety of our clients, team members and the community. In line with government regulations please note that it is mandatory that you wear a mask to all our open homes. You must adhere to social distancing while viewing or waiting to view an open home. We must ask to collect contact details of each person who attends and will have a QR code check in available as well as hand sanitiser available upon entry. If you wish to view this property, please respect these requirements and thank you for your understanding.

Disclaimer: All purchasers must rely on their own enquiries as the vendors or their respective agents, do not make any warranty as to the accuracy of the information provided above and do not or will not accept any liability for any errors, misstatements or discrepancies in that information. We have diligently and conscientiously undertaken to ensure it is as current and as accurate as possible.

Property History for 5/4 Velacia Pl, Queanbeyan, NSW 2620

A timeline of how this property has performed in the market
Last Sold
$305,000
08 Feb 2022
Listed for Rent
$350/w
14 May 2021
  • 08 Feb 2022
    Sold for $305,000
  • 12 Aug 2021
    Listed for Sale $299,000 - $309,000
  • 28 Apr 2021
    Listed for Rent $350 / 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 4,115 properties. Over the last 5 years, Houses in Queanbeyan have seen a 53.42% increase in median value, while Units have seen a 48.34% increase. As at 31 August 2024:

  • The median value for Houses in Queanbeyan is $783,077 while the median value for Units is $429,368.
  • Houses have a median rent of $555 while Units have a median rent of $440.
There are currently 28 properties listed for sale, and 11 properties listed for rent in Queanbeyan on OnTheHouse. According to CoreLogic's data, 167 properties were sold in the past 12 months in Queanbeyan.

Suburb Insights for Queanbeyan 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.