40/1 Allambee StreetReid ACT 2612
Property Details for 40/1 Allambee St, Reid
40/1 Allambee St, Reid is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 4649m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (April 2017)
Refurbish and capitalise on the unrealised potential of this single level, 120m2 approx. apartment located within metres of the City. Discerning buyers will appreciate the convenience of walking to the Canberra Centre with its department stores and numerous boutiques, taking in a movie or going to the theatre. Enjoy dining out and relaxing in nearby restaurants, cafes and bars. Walk or ride a bike - the ANU, the lake and its surrounding park lands and the walking and cycling trails of Mount Ainslie are close by.
Positioned on the top floor of the iconic Argyle Square development the three bedroom apartment enjoys a northerly aspect to the generous living spaces, access to a balcony and overlooks leafy, manicured gardens.
The kitchen was upgraded some time ago and is well equipped with modern appliances an a fitted pantry. All bedrooms include storage and have a leafy view over the rear balcony; the main has a two-way, full ensuite bathroom; a second bathroom includes the laundry.
Access to the stairwell is secure and a single garage with storage space is included.
It is some time since one of these single level, three bedroom apartments was offered for sale on the open market and a sale on auction day is anticipated.
General Rates: $1,570.96 pa
Land Tax: $1,962.84 pa - payable if leased
Water & Sewerage Supply: $630.80 pa
Body Corporate Levies: $4,661.76 pa
Potential Rental: $495 - $525 pw unfurnished.
Property History for 40/1 Allambee St, Reid, ACT 2612
- 12 Oct 2021Sold for $756,000
- 07 Apr 2017Sold for $535,000
- 21 Feb 2017Listed for Sale $548,000
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0About Reid 2612
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 1,814 properties. Over the last 5 years, Houses in Reid have seen a 35.20% increase in median value, while Units have seen a 12.08% increase. As at 28 February 2026:
- The median value for Houses in Reid is $2,337,058 while the median value for Units is $554,706.
- Houses have a median rent of $610 while Units have a median rent of $600.
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