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SOLD

174/1 Mouat Street LYNEHAM, ACT 2602

Sold - Thursday 25 November 2021 for $450,000
Bed Icon2 Bedrooms
Bath Icon1 Bathrooms
Car Icon1 Parking
Bed Icon2 Bedrooms
Bath Icon1 Bathrooms
Car Icon1 Parking

Large, Light-Filled, Two Bedroom Apartment

This spacious two-bedroom, contemporary apartment on the 7th floor in the highly sought-after Axis complex offers a spacious 78m² approx. of light-filled living space, not to mention the approx. 8m² of balcony. On the corner of the building, with a sweeping view from the 7th floor over North Canberra towards the City and Black Mountain Tower, stepping onto the balcony frames an even wider picture in the opposite direction.

Inside, the apartment is super convenient, offering a living area with an open plan design that seamlessly integrates a modern kitchen with stainless steel Bosch appliances, plenty of storage and stone bench tops. Both bedrooms are generously sized with built-in wardrobes and the bathroom has a large shower and marble-topped vanity. A European-style laundry is concealed behind folding doors and comes complete with a tumble dryer.

Perfect for relaxing with a drink on the balcony after a hard day at work, while choosing which restaurant to visit, or watching the sunrise over the hills in the morning, this modern apartment suits a variety of lifestyles.

Additional benefits include secure basement parking and storage cage, security access to the complex and residents' facilities which include barbeque and outdoor entertainment areas. The indoor pool and the well-equipped and maintained gymnasium are accessible whenever you want to use them. If you want to move the fitness outdoors, Southwell Park's many playing fields are opposite and Mount Majura's mountain bike trails are a short cycle away. A Light Rail stop is adjacent to the complex, ready to whisk you into the City centre or Gungahlin and there's easy access by bus, car or bike to Universities, town centres and recreational facilities.

Currently leased until the end of July 2022 with excellent tenants in place paying $460 per week rent, this is an ideal investment opportunity for those looking for a smart inclusion into their portfolio. Canberra has the highest rents in Australia and the superbly central location of the Axis complex, the size and quality of the apartment, a gross rental yield of approx. 5.3% and everything you need (shops, transport, complex facilities) at your fingertips, makes this popular with tenants and unlikely to be vacant for long.

If you are a first home buyer wanting to get off the rental roundabout but looking for ways to help with the mortgage, being a short-term investor will help to boost your savings while you wait a few months for the tenancy to end, knowing you have secured your ideal home.

Features Include:
- Spacious, light-filled modern apartment on 7th floor
- Stunning outlook over North Canberra
- Superb investment or lifestyle property
- Reverse cycle air conditioner in living room
- Kitchen with Bosch electric cook top, oven & dishwasher
- Plenty of bench space and storage
- Bedrooms with built-in wardrobes
- Modern bathroom, marble-topped vanity
- European-style laundry with tumble dryer
- Secure basement parking space, storage shed
- Indoor pool and Gymnasium
- Outdoor entertaining areas
- Visitor parking available

Living: 78m²
Balcony: 8m²
Leased until 29/07/2022
$460 per week rent

Rates: $ 1778.74
Land Tax: $2046.12
Strata fees (admin & sinking funds): $1158pq
EER: 6
All amounts, measurements and values are approx. and not to be relied upon. Buyers to make their own enquiries.

https://auctionnow.com.au/properties/82074

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Information about this Apartment

  • Listed on
  • Last updated
  • Property typeApartment
  • Land / Dev PurposeMixed Use Zone (CZ5)
  • Bedrooms2
  • Bathrooms1
  • Parking spaces1
  • EER6.0
* Figures quoted above are approximate values based on available information.

Sales History for 174/1 Mouat Street LYNEHAM, ACT 2602

The Apartment at 174/1 Mouat Street LYNEHAM, ACT 2602 has been sold 2 times before, with the most recent sale being for $450,000 on 25 November 2021.

Sold DatePriceSale Type
A$450,000Full Property Transfer, Land & Improvements
Sold Date
PriceA$450,000
Sale TypeFull Property Transfer, Land & Improvements
A$458,900Full Property Transfer, Land & Improvements
Sold Date
PriceA$458,900
Sale TypeFull Property Transfer, Land & Improvements

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Local Neighbourhood

174/1 Mouat Street LYNEHAM, ACT 2602 has 30 schools within 5 kilometres, with the closest being Lyneham High.

DistanceSchoolAddress
0.47 kmLyneham HighGoodwin Street, Lyneham Pin Icon
0.47 kmBrindabella Christian College - Lyneham CampusBrigalow Street, Lyneham Pin Icon
0.77 kmDaramalan CollegeCowper Street, Dickson Pin Icon

About Lyneham

174/1 Mouat Street is located within the suburb of Lyneham, which has a population of 5,112, a median age of 35 and an average household density of 2.1 people.

  • 5112Population
  • 35Median Age
  • 2.1Avg. Household Size
Median Sale Price

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