Home/Properties/Phillip/616/220 Melrose Drive
616/220 Melrose Drive, Phillip$540,000
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For Saleapartment

616/220 Melrose Drive

Phillip, ACT 2606, Australia
$540,000
2 bed 2 bath 1 car82 m²

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About this property

Positioned in one of Woden's most sought-after and newly completed developments, this near new two-bedroom, two-bathroom apartment delivers an exceptional combination of lifestyle, location and long-term value in one impressive package. At the heart of the home, the contemporary kitchen showcases quality finishes, stone benchtops and smeg, seamlessly connecting to the open-plan living and dining area. This inviting space flows effortlessly onto a covered balcony, creating the perfect setting to unwind and entertain. The thoughtfully designed floorplan offers excellent separation between the two generously sized bedrooms, ensuring privacy and comfort for owner-occupiers and tenants alike. Both bedrooms feature mirrored built-in wardrobes and abundant natural light, while the master suite is complemented by its own stylish ensuite. A second well-appointed bathroom is conveniently positioned near the living area, ideal for guests and everyday practicality. Completed in 2024, the development enhances everyday living with an impressive selection of resort-style amenities, including a heated indoor pool, fully equipped gym, private cinema and a shared indoor kitchen and dining space designed for hosting larger gatherings with ease. The location is second to none. Just a five-minute walk to Westfield Woden, you'll have shopping, dining and essential services at your fingertips. The Woden bus interchange and future Stage 2 light rail are only a ten-minute stroll away, providing seamless connectivity to the city and beyond. Features: Open plan living, dining and kitchen Kitchen with stone benchtops 600mm smeg electric cooktop 600mm smeg electric oven Smeg rangehood Smeg dishwasher Main bedroom with mirrored built in robe, ensuite and balcony Second bedroom with mirrored built in robe Main bathroom with floating vanity Balcony One allocated parking space and storage cage Reverse cycle air conditioning in living and main bedroom European laundry Indoor heated pool, gym, cinema, shared dining & kitchen Available to purchase to live in or as an investment: We have a flexible tennant in place, at $610.00 per week, this property is a great opportunity for your new home or savy investor. Whether you are seeking a sophisticated home in a rapidly growing precinct or a high-quality investment with strong appeal, this outstanding apartment presents a rare opportunity to secure a premium lifestyle in the heart of Woden. Living Size: 72 sqm (approx) Balconies: 10 sqm (approx) EER: 6 Rates: $456 per quarter (approx) Strata: $950 per quarter (approx) Land Tax: $510 per quarter (approx) *investors only

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
82 m²
Listed
3 months ago

Repayment calculator

$2,618/month
$1,309 /fortnight
Loan $432,000 at 6.10% over 30 years

Upfront costs

Deposit$108,000
Stamp duty$10,682
Conveyancing (est.)$2,000
Total upfront$120,682
Verify with ACT revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Phillip

This 2-bedroom apartment in Phillip, ACT 2606 sits within reach of public transport, local shops and nearby schools. It is listed 16% above the $465,000 median of 79 comparable apartmentswithin 5 km.

Schools near Phillip

  • The Canberra Collegesecondary · 11-12 · CoEd

What's nearby

  • Ainsworth Street opposite Woden CIT (bus)1.4 km away
  • Cataldo’s Salon989 m away
  • Unnamed456 m away
  • Woden Town Park656 m away
  • Arabanoo Park713 m away

Phillip at a glance

Full suburb profile
Population
5,197
Median age
32
Household income
$2,075/wk
Median rent
$440/wk
Median mortgage
$1,608/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Phillip price trend

Median sold · Unit 2 bed

Compound growth +3.0% / yr over 4 yrs

$580kcurrent median

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