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Back 113/11 Giles Street
Off Market

113/11 Giles Street

Griffith ACT 2603

2
1
1
63 m²
Apartment
Last sold for $485,000
Julia AtkinsonJulia Atkinson, last sold this property on 06 August 2024 after 117 days on market.

Overview

High Rental Return The Investment You're Looking For

Centrally located in the sought-after suburb of Griffith, this fantastic investment is not one to be missed. Situated between Manuka and Kingston shops you're within walking distances of endless cafes, restaurants and amenities making it a very appealing lifestyle opportunity. The updated interior offers two bedrooms, one modern bathroom, with a front and back courtyard. The back courtyard is fully enclosed with private access on to Giles Street. Adina Serviced Apartments offers a large indoor pool, gym, sauna, and well-maintained complex gardens. Apartment 113 has one undercover car space, with lift access to the ground floor apartment. Currently on a long-term lease with Adina Serviced Apartments the risk free nature of this opportunity means this unit receives a guaranteed rental return of $29,205 for 52 weeks of the year until December 2025. With this in place you wont have to worry about occupancy. Single level, super convenient location It's simply too good to miss. Features Two-bedroom, one bathroom apartment Modern bathroom Light filled living One reverse cycle split system Private courtyard with access to Giles Street One undercover car space Off-street visitor parking Adina Gym, Pool and Sauna Guaranteed occupancy 52 weeks of the year with a rental return of $29,205 per annum reviewed annually, with capital growth potential Lease agreement until December 2025 Located in the Inner South Walking distance to Kingston and Manuka Shops EER: 6 Living Size: 63m2 plus 63m2 courtyard space (approx.) Body Corporate Fees: $7,454 p.a (approx.) Land Rates: $2,759 p.a (approx.) Land Tax: $3,520 p.a (approx.) Water and Sewage: $747 p.a (approx.)

Features

2 bedrooms
1 bathroom
1 carspace
63 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Griffith over the last 12 months, the estimated median property value of 113/11 Giles Street is $629.5k.

Median value
$629.5k
Estimated value range
$457.5k - $1.3m
Median days on market
46
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Griffith. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 113/11 Giles Street

2024
Sold
$485,000
Private Sale/Treaty on 06 Aug 2024 by Julia Atkinson, of Luton Properties Weston Creek & Molonglo Valley

Happy sellers in Griffith

80%
80% of sellers in Griffith reported that their sale price either exceeded or met their price expectations.

Griffith stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 67 reviews in Griffith over the last 12 months.

Local market activity for 2 bedroom apartments in Griffith

In the last 12 months, 84 two-bedroom apartments similar to 113/11 Giles Street, have been sold.

This represents a 25% decrease in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Michael Morris

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Nick Purnell

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Stephen Thompson

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Ahmad Souweid

Sellers who recommend Ahmad Souweid have praised them for being local expert, clear communication, responsive, reliable, well-prepared, honest and strategic

  •   5   (98 reviews)
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