FOR SALE
$249000

Lot 966 The Painters Road
Coober Pedy SA 5723

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Floor area: 1949m2
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A Unique Business Opportunity - DUGOUTS in Opel Country

Phone enquiry code for this property : 0162
Realise your dreams of owning a property that is so unique and hard to find. A town in the middle of Australia surrounded by dessert and bush land. Plus a possibility of striking it rich in Opals.
Coober Pedy is such a place, hot in the summer and mild in the winter but always a constant temperature underground. This means no need for heating or aircon, saving you a fortune.
In January 2013 a $20 trillion find of shale oil was discovered in the area around Coober Pedy by Linc Energy. But as yet nothing has been developed but the possibility is still there.
I have a property that I\'ve had for years, consisting of 2 separate underground dugouts.
• Unit 1 has 2 bedrooms, 1 bathroom and a combined Lounge/ Dining room and kitchen.
• Unit 2 is the bigger one consisting of 3 bedrooms, 1 bathroom and combined Lounge and Dining plus kitchen.
Both have small fenced yards with car ports.
Set in a very quiet area a 2 minutes’ drive to the town center. The property used to be an old Opal mine and during excavations to increase the size of unit 2 some opals were discovered.
We used to live in unit 1 and pay the mortgage from the rent from unit 2 and really enjoyed our time there, the people are so friendly and out of season the town is so quiet. During the tourist season then population triples so there is ample opportunity for a tourist type venture there.
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Property Details for Lot 966 The Painters Rd, Coober Pedy

Lot 966 The Painters Rd, Coober Pedy is a 5 bedroom, 2 bathroom Other with 3 parking spaces. The property has a floor size of 1949m2. The place is currently for sale with Minus The Agent.

Building Type
Other
Floor Size
1949m2

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About Coober Pedy 5723

The size of Coober Pedy is approximately 2,780.5 square kilometres. It has 20 parks covering nearly 5.5% of total area. The population of Coober Pedy in 2011 was 1,695 people. By 2016 the population was 1,770 showing a population growth of 4.4% in the area during that time. The predominant age group in Coober Pedy is 50-59 years. Households in Coober Pedy are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Coober Pedy work in a community and personal service occupation. In 2011, 55.7% of the homes in Coober Pedy were owner-occupied compared with 54.7% in 2016.

Coober Pedy has 2,187 properties. Over the last 5 years, Houses in Coober Pedy have seen a 101.74% increase in median value, while Units have seen a 29.06% increase. As at 30 November 2024:

  • The median value for Houses in Coober Pedy is $109,410 while the median value for Units is $225,975.
  • Houses have a median rent of $165 while Units have a median rent of $165.
There are currently 49 properties listed for sale, and 3 properties listed for rent in Coober pedy on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Coober pedy.

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