16B Olympus Way Lyons ACT 2606

4 / 2 / 2 / 383 m²

Here you can find what you need to know about 16b Olympus Way , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Lyons, ACT and much more.

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16B Olympus Way Estimated Value

$1,200,000 - $1,300,000

Medium confidence estimate
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Last sold for $1,220,000 on 28 Jan 2023

Sale Type: Full Property Transfer, Land And Improvement

This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated Rent	Estimate Unavailable
Gross Cashflow	Unavailable
Estimated Gross Yield	Unavailable
Natural Hazard Risk	Upgrade to Premium

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Pros & Cons

Things to like

Above market cashflow potential
Cheaper than comparable properties
Low risk of losing value

Things to look out for

Slower growth than market average

Investment Strategy Scores

No Investor Scores available for this property

About this Property

Details

Bedrooms	4
Bathrooms	2
Car Spaces	2
Land Size	383 m²
Floor Area	150 m²
House Type	House

Council Area	Woden Valley
Year Built	2022
Zone	Standard Residential Property
Lot/Plan	Lyons ACT
Property Type	House

Property Timeline

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Comparable properties

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Neighbourhood

Suburb Insights

Lyons, ACT 2606

Part of: Unincorporated ACT Council

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Lyons, ACT 2606

Part of: Unincorporated ACT Council No data available

The size of Lyons is approximately 2.3 square kilometres. It has 10 parks covering nearly 45.7% of total area. The population of Lyons in 2011 was 2,735 people. By 2016 the population was 3,103 showing a population growth of 13.5% in the area during that time. The predominant age group in Lyons is 30-39 years. Households in Lyons are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lyons work in a professional occupation. In 2011, 52.1% of the homes in Lyons were owner-occupied compared with 49.5% in 2016. (source: Australian Bureau of Statistics)

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Lyons, ACT 2606

Part of: Unincorporated ACT Council No data available

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8 km

Distance from Canbera CBD

Population

14%

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Lyons for Houses in last 12 months

Last 12 months in Lyons ACT 2606 View Suburb Profile

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$954K Median Value
38 Properties sold
$625pw Median Rent
3.6% Median Gross Yield
59 Average Days on Market
-7.4% Average Vendor Discount
-14.2% Median Sale Price Change (1yr)

There have been 38 Houses sold in Lyons in the past 12 months with a median sale price of $1M, down 14.2% annually. It takes on average 59 days to sell with vendor discounting of -7.4%.

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Natural Hazard Risk

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it is not based on any site-specific geological or engineering investigation at the relevant property;
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Risk Rating Definitions

The following Risk Ratings are generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of coastal erosion risk:

Very High Risk : Risk of gradual coastal erosion reaching dwelling within 30 years and/or very high risk of significant storm surge impact.
High Risk : Risk of gradual coastal erosion reaching dwelling within 60 years and/or high risk of significant storm surge impact.
Medium Risk : Risk of gradual coastal erosion reaching dwelling within 120 years and/or medium risk of significant storm surge impact.
Low Risk : Risk of gradual coastal erosion reaching dwelling within 240 years and/or low risk of significant storm surge impact.
No Risk : Gradual coastal erosion likely to reach dwelling in more than 240 years OR no rate of retreat (stable coastline) and distance from coast and/or elevation above maximum expected storm surge height.

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