BATMAN ST

Your
Property

 

In this section, we take a dive into the nitty-gritty of the property - 21/16 Batman Street, Braddon. We analyse the property itself, its surrounds and the numbers that matter. We also take a look at the comparable sales in the area and how they stack up against the property.
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The Numbers

 

1 - Bedroom 

1 - Bathroom

1 - Car space

 

Size

Floor Space - 59m2

Balcony - 8m2

Orientation

Front: North-West

Back: West

Sale Method

Private Treaty

Vendor Wants: $385,000+

(last sold in 2004 for $330,000)

 

Our Valuation

Logical Price: $375,000 - $385,000

Emotional Price: $380,000 - $385,000

Price Range: $370,000 - $380,000

Purchased

11th April 2018: $372,000

 

Rental Appraisal

Current - $420/wk

Gross Rental Yield

5.86%

 

The Documents

Contract of Sale

Building & Pest Report

The Recommendations

Insurance

HSBC Landlord Insurance

In force to 4pm 11th May 2019

 

Property Managing Agent

LJ Hooker, Manuka 

Tax Depreciation Schedule

bmtqs.com.au

The Stats

Distance to Airport

Canberra Airport

  • Car: 8 - 12 min (6.1km)

  • Public Transport: 30 min. 3 min walk (210m) to Ainslie Ave after Doonkuna St, 5 min bus ride (2 stops) to City Bus Stn Plt 5, 1 min walk to City Bus Stn Plt 9, 17 min bus ride (10 stops) to Canberra Airport

  • Direct flights to most Australian capital and regional cities. International flights to Singapore and Qatar.

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Our Thoughts

This unit is situated in a large complex of 72 apartments, however, each block holds five apartments giving it a more boutique feel. The building has been constructed to a high standard/owner occupier spec. In a central Braddon location with district views over Mount Ainslie to one side and views back over the Canberra Centre to the other. Batman St is a mixture of low rise apartment complexes, villas and beautiful heritage style detached houses. To the West end of Batman St are large new developments, Founders Lane and Metropol. 
 
The building was repainted in the 16/17 fin. year with $76,344.61 in the admin and $191,988.39 in the sinking fund. The common property is in top condition and all the balconies are well kept. 

What's Around

Demographic

Housing Commission Heat Map

19% of residents in Braddon live in government housing. Neighbouring suburbs, Ainslie, Reid and Canberra CBD have 17%, 31% and 1% respectively.

Comparable Recent Sales 

Here we provide the most recent sales in the area that are no more than 1km from your property and not older than three months. We also provide a rating (superior, equal or inferior) of the comparable property against your property across three categories; market timing, location and overall. Generally speaking, if the property ranks overall inferior, then we can expect your property to be valued higher and vice versa if rated superior. Market timing refers to the strength of the market when the comparable property was purchased compared to now.

GOVERNMENT SCHOOL CATCHMENT ZONE

Primary:

Ainslie School - Co-ed

In the top 87th percentile of ACT Schools

NAPLAN results:

Against all Australian students: Above average in Year 3 – 5 Reading and Grammar, Year 5 Writing and Year 5 Numeracy. Close to average in Year 3 – 5 Spelling and Year 3 Numeracy. Below average in Year 3 Writing.

Schools with similar students: Close to average in Year 5 Reading, Writing and Grammar. Below average in Year 3 – 5 Spelling and Numeracy. Below average in Year 3 Reading and Grammar. Substantially below average in year 3 writing.

7 min walk (550m), 1 min drive (550m)

Prep - Year 6

344 students, 162 Boys, 182 Girls

 

Read 2017 Annual Action Plan Report

 

 

Turner School - Co-ed

In the 96th Percentile of ACT Schools

NAPLAN results:

Against All Australian Students: Substantially above average in Year 3 - 5 Reading. Substantially above average in Year 5 Grammar and Numeracy. Above average in Year 3 Grammar. Above average in Year 5 Writing and Spelling.  Close to average in Year 3 Writing, Spelling and Numeracy.

Schools with similar students: Above average in Year 5 Reading. Close to average in Year 5 Spelling and Grammar. Below average in Year 3 Reading, Spelling and Grammar. Below average in Year 5 Writing and Numeracy. Substantially below average in Year 3 Writing and Numeracy.

5 – 7 min drive (2.7km), 27 min walk (2.2km)

Prep - Year 6

500 students, 265 Boys and 235 Girls

 

Read 2017 Annual School Board Report

* Milk Chocolate price data used on this website is sourced and relies upon information supplied by a number of external sources (including governmental authorities). This data is supplied on the basis that while Milk Chocolate believes all the information provided will be correct at the time of writing, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by you, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information on this website through any cause whatsoever and limits any liability it may have to the amount paid to the external sources for the supply of such information.