203/259 Northbourne AvenueLyneham ACT 2602
Property Details for 203/259 Northbourne Ave, Lyneham
203/259 Northbourne Ave, Lyneham is a 1 bedroom, 1 bathroom House and was built in 2020. The property has a floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (December 2025)
For open: Plenty of street parking on Ownen Crescent.Positioned within the beautifully reimagined Owen Flats, this renovated one-bedroom apartment combines the enduring strength of mid-century brick construction with contemporary style and convenience - all just moments from the light rail, ANU, and Canberra's city centre.Originally constructed between 1959 and 1962, Owen Flats stands as a testament to Canberra's architectural heritage. Fully renovated in 2021, the building now enjoys a 6-star energy efficiency rating - the highest possible - and offers a unique combination of quality, history, and enduring value. Inside, the apartment feels fresh and functional, with an open-plan layout, quality finishes, and abundant natural light throughout.For investors, the numbers make sense: with a rental appraisal from $430 to $460 per week and an asking price of $369,000, this property presents a rare chance to secure a high-performing asset in a blue-chip Inner North location. Low strata fees and the strength of the construction further add to its long-term appeal.Whether as a first home or a smart addition to an investment portfolio, this apartment delivers both style and strategy in one of Canberra's most connected precincts.Owners' Favourite Part: It's been the easiest investment - low costs, no issues, and always strong rental demand.Features include:- Fully renovated heritage apartment (Owen Flats complex)- Open-plan living with modern finishes- Light filled and North Facing- Updated kitchen and bathroom- 6-star energy efficiency rating- Strong, well-built complex (solid 1960s construction)- Walking distance to light rail, city centre, and ANU- Excellent rental demand in central Lyneham- Low strata feesParticulars (all approx.):- Living Size: 39m2- Balcony size: 6m2- EER: 6.0 stars- Rates: $437 pq. - Land Tax: $536.18 pq (for investors only). - Body Corporate: $582.22 pq. (Includes both Admin funds - $499.85 & Sinking funds - $82.37. No special levies in place)- Rental estimate: $430 to $460 per week- Year built: 19591962 (renovated 2021)- Price guide: $349,000
Property History for 203/259 Northbourne Ave, Lyneham, ACT 2602
- 14 Nov 2025Listed for Rent $430 / week
- 03 Sep 2025Listed for Sale $349,000+
- 16 Aug 2022Listed for Rent $440 / week
Recent sales nearby
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About Lyneham 2602
The size of Lyneham is approximately 5.4 square kilometres. It has 17 parks covering nearly 52.3% of total area. The population of Lyneham in 2016 was 5112 people. By 2021 the population was 5703 showing a population growth of 11.6% in the area during that time. The predominant age group in Lyneham is 20-29 years. Households in Lyneham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lyneham work in a professional occupation.In 2021, 48.90% of the homes in Lyneham were owner-occupied compared with 41.80% in 2016.
Lyneham has 3,258 properties. Over the last 5 years, Houses in Lyneham have seen a 37.36% increase in median value, while Units have seen a 37.18% increase. As at 30 November 2025:
- The median value for Houses in Lyneham is $1,248,276 while the median value for Units is $539,533.
- Houses have a median rent of $595 while Units have a median rent of $570.
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