5/63 Melba Street, Downer, ACT 2602 | Apartment for sale | OnTheHouse
 
FOR SALE
$329,950

5/63 Melba Street
Downer ACT 2602

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Inner North Living Is Within Reach!

Private inspections available by appointment
For first home buyers looking to break into Canberra's Inner North without the usual price tag, this could be the opportunity you've been waiting for.
Set on the second floor of a quiet eight-unit complex, this one-bedroom apartment offers a practical layout, the essentials already in place and plenty of potential to make it your own. Currently tenanted until March 2027, you can secure the property now, receive rental income for the remainder of the tenancy and plan for your future move.
The Apartment
Simple, functional and affordable, the apartment provides a comfortable starting point for buyers who value location and potential over unnecessary extras.
The one-bedroom layout includes reverse-cycle heating and cooling for year-round comfort, along with a dedicated car space, exclusive storage and an exclusive external laundry.
It's perfectly liveable as it stands, while also offering plenty of scope to update and personalise over time. A new kitchen, refreshed bathroom, flooring and a coat of paint could transform the space and allow you to create something that genuinely feels like your own.
For investors, the existing tenancy provides immediate income, with the property currently returning $410 per week and leased until March 2027.
The Location
This is where the opportunity really stands out!
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Property Details for 5/63 Melba St, Downer

5/63 Melba St, Downer is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with LJ Hooker Dickson.

Building Type
Apartment
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About Downer 2602

The size of Downer is approximately 1.6 square kilometres. There are 10 parks, covering nearly 8.9% of the total area. The population of Downer in 2016 was 3662 people. By 2021 the population was 4296 showing a population growth of 17.3% in the area during that time. The predominant age group in Downer is 30-39 years. Households in Downer are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Downer work in a professional occupation.In 2021, 61.50% of the homes in Downer were owner-occupied compared with 57.30% in 2016.

Downer has 1,801 properties. Over the last 5 years, Houses in Downer have seen a 6.92% increase in median value, while Units have seen a -23.56% decrease. As at 31 July 2026:

  • The median value for Houses in Downer is $1,181,143 while the median value for Units is $577,361.
  • Houses have a median rent of $725 while Units have a median rent of $500.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Downer on OnTheHouse. According to Cotality's data, 87 properties were sold in the past 12 months in Downer.

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Chris Atlee
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LJ Hooker Dickson
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