FOR SALE
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16/6 Albert Street
Payneham SA 5070

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 74m2
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Eastern Suburbs Prime Investment or Ideal Home

Positioned on the top floor of the Berkley Lodge Complex, this unit boasts stunning city views and offers an exceptional opportunity for both investors and homeowners seeking a low-maintenance lifestyle in the sought-after eastern suburbs.
Perfectly positioned with easy access to every convenience, you'll find the Marden and Norwood Shopping Centres, Good Life Gym, and an impressive selection of educational institutions ranging from kindergartens to senior schools just moments away.
Flooded with natural light, this spacious unit features two generously sized bedrooms with built-in robes, a large and inviting lounge, updated kitchen, new timber flooring, balcony, a well-appointed bathroom, separate laundry and fresh paint this unit it the pick of the group. Designed for year-round comfort, the reverse cycle air conditioning ensures you stay cool in summer and warm in winter.
Whether you're looking to expand your investment portfolio or secure a lovely home, this unit is an attractive choice with a rental history of $565 per week, offering solid returns in a prime location.
Specifications:
• Certificate of Title / 5023/127
• Council / City of Norwood Payneham & St Peters
• Zoning / Residential
• Year Built / 1978
• Council Rates / $986.25 per annum
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Property Details for 16/6 Albert St, Payneham

16/6 Albert St, Payneham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 74m2 and floor size of 74m2. The place is currently for sale with One Point Eight Real Estate.

Building Type
Unit
Floor Size
74m2
Land Size
74m2

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About Payneham 5070

The size of Payneham is approximately 0.8 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Payneham in 2011 was 2,220 people. By 2016 the population was 2,280 showing a population growth of 2.7% in the area during that time. The predominant age group in Payneham is 20-29 years. Households in Payneham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Payneham work in a professional occupation. In 2011, 57.7% of the homes in Payneham were owner-occupied compared with 53.3% in 2016.

Payneham has 1,294 properties. Over the last 5 years, Houses in Payneham have seen a 70.43% increase in median value, while Units have seen a 66.64% increase. As at 31 October 2024:

  • The median value for Houses in Payneham is $1,191,955 while the median value for Units is $524,664.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Payneham on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Payneham.

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