FOR SALE
$154,000

4 Michelle Drive
Paringa SA 5340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 906m2
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Opportunity Knocks!

Here is a fantastic opportunity to own a large parcel of land in the heart of Paringa. Offering approx 906m² of prime land with options to subdivide (STCC) and allow for up to 3 units makes for the perfect long term investment. The land offers so many possibilities with an array of designs possible for the perfect home or investment!
Enjoy the convenience of being just 750m from Paringa's town centre, where you'll find essentials like the General Store, Post Office, the beloved Paringa Bakery, and the iconic Paringa Hotel. The stunning Murray River is also just moments away, offering a variety of recreational activities. The Bert Dix Memorial Park, located only 1.4km away, features BBQ areas, a playground, and a boat ramp to cater to all your needs.
Key Features Include:
• 906m² land size (approx)
• Zoned Neighbourhood (Residential)
• Subdivide (STCC) or retain as one large holding
• Located only a short 5 min drive to Renmark
• Walking distance to Paringa Hotel, Bakery & Paringa Store
• Birt Dix Memorial Park and boat ramp just 1.4km away
• Big 4 Caravan Park boat ramp only 2.7km from the property
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Property Details for 4 Michelle Dr, Paringa

Building Type
Land
Land Size
906m2

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About Paringa 5340

The size of Paringa is approximately 17.4 square kilometres. It has 7 parks covering nearly 1.3% of total area. The population of Paringa in 2011 was 915 people. By 2016 the population was 1,090 showing a population growth of 19.1% in the area during that time. The predominant age group in Paringa is 20-29 years. Households in Paringa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paringa work in a labourer occupation. In 2011, 77.9% of the homes in Paringa were owner-occupied compared with 71.6% in 2016.

Paringa has 656 properties. Over the last 5 years, Houses in Paringa have seen a 74.54% increase in median value, while Units have seen a 102.09% increase. As at 30 November 2024:

  • The median value for Houses in Paringa is $376,847 while the median value for Units is $311,054.
  • Houses have a median rent of $290 while Units have a median rent of $130.
There are currently 7 properties listed for sale, and 1 property listed for rent in Paringa on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Paringa.

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Janis Richter
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Ray White Riverland
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