Back 5/24 De Burgh Street
Off Market

5/24 De Burgh Street

Lyneham ACT 2602

2
1
1
74 m²
Apartment
Last sold for $500,000
Mark LarmerMark Larmer, last sold this property on 05 August 2021 after 13 days on market.

Overview

Nestled on the top floor of a boutique development in a quiet tree-lined street open on 3 sides

Are you looking to move closer to the city without breaking the budget yet don't want to lose the convenience of having 2 full bedrooms? Located walking distance to Lyneham & Dickson shops, you will be forgiven for double checking the price-guide for this single level, top floor, 2 bedroom apartment located only a hop, skip & jump (or scooter ride) away from the City. This end unit is on the North side of the building so has a light filled, spacious floorplan, created by windows on 3 sides of the apartment with plenty of room for a lounge & dining area which is designed to be segregated by furniture. This area extends onto the covered balcony with tree-top views towards Black Mountain, perfect for enjoying a quite drink whilst watching the sun go down. The modern kitchen is positioned along the north wall of the unit & features a pleasant pop of colour plus ample cupboard space, stone benchtop & stainless-steel appliances. The main bedroom features sliding built in robes and access to the en suite-style two-way bathroom. The second bedroom also features sliding built in robes & is perfect for a co-existing tenant, guest bedroom or study/home office, it could also work as a great media room for movie nights. 'Fusion' is perfectly positioned to offer all the lifestyle benefits of such a central location, it also includes all the modern conveniences you could want in a boutique development of only 7 apartments. Rarely in a complex of this size would you get the added bonus of an outdoor swimming pool, as well as individualised brick, lock up garages instead of open basement parking. Offer Process: To help buyers on value, we advertise a guide price which your offer must exceed Offers can be subject to finance or unconditional and on a contract (preferred) Offers are confidential & will not disclosed to other buyers for privacy purposes A 5% deposit is acceptable via eft just prior to exchange of contracts We have a solicitor pre-allocated to provide a FREE contract review and section 17 if required Features overview: - 3rd (top floor) position overlooking tree lined De Burgh St - North corner of the building, open to 3 sides - Boutique development of only 7 apartments - No basement car parking, each property has lock up garaging with remote controlled entry - Complex includes outdoor swimming pool & intercom access for guests - Pet friendly complex (subject to strata notification) - Vacant & available for immediate occupation - Flexible settlement options on offer if you have another place you want, or need, to sell The apartment: - New carpets, timber-loop laminate flooring and painting throughout 10m2 balcony with tree-top views towards Black Mountain - Kitchen has stone benchtops and stainless steel appliances including a dishwasher - Modern 2-way bathroom that can act like an ensuite - Both bedrooms and full sized and have sliding built in robes - Separate laundry room off kitchen with generous storage space & dryer included - Reverse cycle air conditioning wall mounted unit - Gas instantaneous and continuous hot water system (located on balcony) - Halogen down lighting in living room - Single lock up garage with brand-new remote door The numbers: - Internal living area: 74m² - Balcony: 10m2 - Single brick garage: 18m2 - Level in building: top level (3 of 3) - Number of units in development: 7 - Name of development: Fusion - Age of unit: 13.5 years (Built February 2008) - Strata levies: $4,974 p.a. - General rates: $2,295 p.a. - Land tax (investors only): $2,935 p.a. - Water & sewerage rates: $670p.a. - Estimated rental return (unfurnished): $500 per wk - EER: 5 stars - Current admin fund for complex as of 16/07/21: $3,801 - Current sinking fund for complex as of 16/07/21: $97,000 - Strata manager: Jerrin Mathew Independent Strata Phone 62091515 for strata search - Units plan number: 3192

Features

2 bedrooms
1 bathroom
1 carspace
74 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Lyneham over the last 12 months, the estimated median property value of 5/24 De Burgh Street is $550k.

Median value
$550k
Estimated value range
$370k - $732.5k
Median days on market
38
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lyneham. 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 5/24 De Burgh Street

2023
Rented
Undisclosed
Leased on 13 Aug 2023 by Distinct Properties
2021
Rented
Undisclosed
Leased on 23 Sep 2021 by Independent Property Group North
2021
Sold
$500,000
Private Sale/Treaty on 05 Aug 2021 by Mark Larmer, of Independent Property Group North

Happy sellers in Lyneham

91%
91% of sellers in Lyneham reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 29 reviews in Lyneham over the last 12 months.

Local market activity for 2 bedroom apartments in Lyneham

In the last 12 months, 42 two-bedroom apartments similar to 5/24 De Burgh Street, have been sold.

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