Back 5 Downey Street
Off Market

5 Downey Street

Karabar NSW 2620

2
1
3
631 m²
House
Last sold for $630,000
Adam JacksonAdam Jackson, last sold this property on 30 October 2025 after 7 days on market.

Overview

Storybook Starter with a Bonus Studio!

Rates: $3,588 per annum (approx) Block size: 631m2 (approx) House Built: Circa 1963 (approx) In the heart of one of Queanbeyan's most rapidly improving pockets lies a home brimming with potential. 5 Downey Street offers a two-bedroom residence with a detached studio, a double garage plus carport, and sits proudly on a generous 631 m² block - plenty of room to extend, landscape or simply enjoy the space. A Canvas for Your Vision. The home is honest, neat, and ready to live in, yet it welcomes a fresh vision. Like several neighbours who have transformed their homes along Downey Street, buyers here can see the immediate rewards of thoughtful upgrades and modern touches. A little TLC will unlock serious equity and elevate this property into something truly special. Bonus Detached Studio. Whether you need a dedicated work-from-home space, art studio, teenage retreat or guest accommodation, the detached studio expands your lifestyle options well beyond the standard two-bedroom layout. Appeal to First-Home Buyers. For first-time purchasers, this address is more than just a house – it's an opportunity to enter the market with room to grow. Eligible buyers can take advantage of State and Federal Government grants and invest those savings into improvements that suit their own style. Key features: • 2 bedrooms, 1 bathroom • Separate detached studio • Carport plus double garage – ideal for trades, storage, or hobby space • Large 631 m² allotment with scope for future extensions or landscaping • Established street where neighbouring homes showcase inspiring renovations • A short drive to Queanbeyan CBD, schools, shops, and transport Why 5 Downey Street. This is a home that rewards imagination. For those who love the idea of buying in an established community and shaping a property to their own taste, it's an unmissable opportunity. Homes on generous blocks with bonus studio spaces rarely appear at this price point – and when they do, they move fast. For more information or to arrange a viewing, contact Adam Jackson on 0437 226 740 or email a.jackson@mcnamee.com.au 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.

Features

2 bedrooms
1 bathroom
3 carspaces
1 carport space
2 garage spaces
631 m² lot size
House

Estimated Value

We need at least 3 similar 2 bedroom houses sold in Karabar over the last 12 months.

Property history for 5 Downey Street

2025
Sold
$630,000
Sold Before Auction on 30 Oct 2025 by Adam Jackson, of Ian McNamee & Partners Queanbeyan & Jerrabomberra

Happy sellers in Karabar

90%
90% of sellers in Karabar reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 42 reviews in Karabar over the last 12 months.

Local market activity for 2 bedroom houses in Karabar

In the last 12 months, 1 two-bedroom house similar to 5 Downey Street, have been sold.

This represents a 60% increase in two-bedroom houses sales when compared to the previous 12 months.

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