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.
1 - Bedroom
1 - Bathroom
1 - Car space
Floor Space - 59m2
Balcony - 8m2
Vendor Wants: $385,000+
(last sold in 2004 for $330,000)
Logical Price: $375,000 - $385,000
Emotional Price: $380,000 - $385,000
Price Range: $370,000 - $380,000
11th April 2018: $372,000
Current - $420/wk
Gross Rental Yield
HSBC Landlord Insurance
In force to 4pm 11th May 2019
Property Managing Agent
LJ Hooker, Manuka
Tax Depreciation Schedule
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.
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
In the top 87th percentile of ACT Schools
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
In the 96th Percentile of ACT Schools
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
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