12/3 Allambee St, Reid is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 5277m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
A comparable apartment in this early stage of the Argyle Square development was offered for sale mid 2015 and was sold with just eleven days of marketing. No 12 is a must for an inspection by owner occupiers and investors alike. Positioned on the first floor and offering around 90m2 of living space the apartment is located within easy walking distance of the hip shopping and dining precinct of Lonsdale and Mort Streets and the best the City has to offer.
The apartment overlooks the development's leafy private garden and has generous living and dining areas opening to the full length balcony - a lovely place to sit out and relax with a book or share a casual meal with family and friends. The kitchen is equipped with modern,electrical appliances including a dishwasher and a practical pull out pantry; the separate laundry, complete with dryer, will be seen as a bonus by many.
Bedrooms have either a walk- in or built-in robe and open to the rear balcony.
The size of Reid is approximately 1.0 square kilometres. It has 7 parks covering nearly 16.5% of total area. The population of Reid in 2016 was 1636 people. By 2021 the population was 1544 showing a population decline of 5.6% in the area during that time. The predominant age group in Reid is 20-29 years. Households in Reid are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reid work in a professional occupation.In 2021, 51.90% of the homes in Reid were owner-occupied compared with 38.20% in 2016.
Reid has 1,815 properties. Over the last 5 years, Houses in Reid have seen a 30.16% increase in median value, while Units have seen a 11.07% increase. As at 30 November 2025:
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