SOLD
Sold on 27 Sep 2024 for $520,000

112 Bay Road
Encounter Bay SA 5211

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 104m2
Land area: 947m2
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Property Details for 112 Bay Rd, Encounter Bay

112 Bay Rd, Encounter Bay is a 3 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 947m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Encounter Bay in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
104m2
Land Size
947m2
Local Government
Victor Harbor
Lot/Plan
A62/D89405

Last Listing description (October 2024)

Nestled on Bay Rd, Encounter Bay, this 947m2 block presents an exceptional investment prospect for savvy buyers. Boasting subdivision potential (STCC), this property offers endless possibilities for those looking to secure a foothold in this sought-after location.

The 1950's solid brick 3-bedroom home exudes charm and potential. Featuring spacious bedrooms, a cozy living area with a covered fireplace and updated kitchen and bathroom facilities, this home is primed for more updates. The polished floorboards enhance the home's character, while the in-window air conditioner ensures comfort year-round. Plus, the classic Hills hoist adds a nostalgic touch to the backyard.

Convenience is key with nearby amenities including the South Coast District Hospital, Encounter Lakes, and the stunning Encounter Bay foreshore. Kent Reserve and central Victor Harbor are just a short drive or leisurely stroll away, offering an array of dining, shopping, and recreational options.

Currently tenanted, this property presents a rare opportunity for investors.
Scheduled inspections will be advertised, allowing potential buyers to explore its potential firsthand.

Encounter Bay is experiencing remarkable growth, with ongoing development in the surrounding area. Don't miss out on securing your slice of this thriving community seize the opportunity for future prosperity with this promising investment property

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. RLA 62833 less

Property History for 112 Bay Rd, Encounter Bay, SA 5211

A timeline of how this property has performed in the market
Last Sold
$520,000
27 Sep 2024
Listed for Rent
$255/w
05 Mar 2018
  • 27 Sep 2024
    Sold for $520,000
  • 12 Mar 2024
    Listed for Sale $525,000
  • 07 Feb 2018
    Listed for Rent $255 / week
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About Encounter Bay 5211

The size of Encounter Bay is approximately 6.6 square kilometres. It has 37 parks covering nearly 11.3% of total area. The population of Encounter Bay in 2011 was 4,332 people. By 2016 the population was 4,898 showing a population growth of 13.1% in the area during that time. The predominant age group in Encounter Bay is 60-69 years. Households in Encounter Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Encounter Bay work in a community and personal service occupation. In 2011, 78.1% of the homes in Encounter Bay were owner-occupied compared with 76.8% in 2016.

Encounter Bay has 4,211 properties. Over the last 5 years, Houses in Encounter Bay have seen a 87.61% increase in median value, while Units have seen a 71.27% increase. As at 30 September 2024:

  • The median value for Houses in Encounter Bay is $748,724 while the median value for Units is $520,952.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 25 properties listed for sale, and 1 property listed for rent in Encounter bay on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Encounter bay.

Suburb Insights for Encounter Bay 5211

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.