Back 5/5 Garran Place
Off Market

5/5 Garran Place

Garran ACT 2605

2
1
1
Apartment
Jason RosesJason Roses, last sold this property on 15 August 2024 after 161 days on market.

Overview

Investment Property - 12 Month Lease In Place

This is currently an investment property with a 12-month lease in place. Nestled within a small built block comprising just 9 units, this two-bedroom with a practical open-plan design, the apartment features a spacious balcony, perfect for relaxation or entertaining. The kitchen seamlessly integrates with the living/dining areas, showcasing laminate flooring and reverse-cycle air-conditioning. The generously proportioned bedrooms include built-in wardrobes, offering ample storage space. Additionally, the Garran shopping centre, complete with its local supermarket, cafes, restaurants, and medical facilities, is conveniently situated nearby. Currently rented for $580 per week and expiring 19/5/2025. Features include: - Spacious apartment - Updated flooring throughout - Freshly painted throughout - New curtains - Two bedrooms both with built in robes - One bathroom with bathtub - Brand new toilet installed in the bathroom - One car carport - Open plan living - Kitchen has been updated with new tapware - Westinghouse gas cooktop and oven - 1x split system in the living room - Large covered balcony - Close to local schools and shops EER: 2.5 Total living: 59m2 approx. Balcony: 16m2 approx. Body corporate: $1,530 per quarter approx. Property Built: 1974 Rates: $2,968.17 per annum approx. Land Tax: $4,159.05 per annum approx. (paid by investors only)

Features

2 bedrooms
1 bathroom
1 carspace
1 carport space
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Garran over the last 12 months, the estimated median property value of 5/5 Garran Place is $425k.

Median value
$425k
Estimated value range
$401k - $675k
Median days on market
44
Estimated value trend
-31%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Garran. 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 5/5 Garran Place

2025
Rented
Undisclosed
Leased on 16 Oct 2025 by MARQ Property
2024
Sold
Undisclosed
Private Sale/Treaty on 15 Aug 2024 by Jason Roses, of VERV Property
2024
Rented
Undisclosed
Leased on 17 May 2024 by VERV Property

Happy sellers in Garran

88%
88% of sellers in Garran reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Garran over the last 12 months.

Local market activity for 2 bedroom apartments in Garran

In the last 12 months, 7 two-bedroom apartments similar to 5/5 Garran Place, have been sold.

This represents a 16% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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