FOR SALE
$330,000

58-60 Elizabeth Terrace
Port Augusta SA 5700

Bedrooms: 6
Bathrooms: 2
Car spaces: 4
Land area: 1180m2
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Dual Income Investment Opportunity with strong return

This is a promising investment opportunity in Port Augusta, with this maisonette property with a strong rental return and reliable dual income stream. Each property features three bedrooms, one bathroom, and one toilet, making them ideal for tenants looking for functional and comfortable living spaces. Both properties are currently tenanted, providing immediate cash flow for any investor looking to secure a steady income from day one.
Port Augusta is a key regional hub with ongoing demand for rental properties. This ensures that the properties will continue to attract tenants, reducing the risk of vacancies. With both properties already occupied, you can benefit from a reliable income while also taking advantage of the potential for long-term capital growth in this affordable regional market.
FOR THE INVESTOR
58 Elizabeth Terrace
Current lease: Periodic lease
Rent per week: $250
60 Elizabeth Terrace
Current lease: 03/03/24 - 02/03/25
Rent per week: $235
Land: 1180m2
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Property Details for 58-60 Elizabeth Tce, Port Augusta

58-60 Elizabeth Tce, Port Augusta is a 6 bedroom, 2 bathroom Unit with 4 parking spaces. The property has a land size of 1180m2. The place is currently for sale with Ray White Port Augusta.

Building Type
Unit
Land Size
1180m2

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About Port Augusta 5700

The size of Port Augusta is approximately 20.5 square kilometres. It has 47 parks covering nearly 9.2% of total area. The population of Port Augusta in 2011 was 7,334 people. By 2016 the population was 6,568 showing a population decline of 10.4% in the area during that time. The predominant age group in Port Augusta is 50-59 years. Households in Port Augusta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Augusta work in a community and personal service occupation. In 2011, 57.3% of the homes in Port Augusta were owner-occupied compared with 54.7% in 2016.

Port Augusta has 4,108 properties. Over the last 5 years, Houses in Port Augusta have seen a 95.69% increase in median value, while Units have seen a 32.69% increase. As at 31 October 2024:

  • The median value for Houses in Port Augusta is $244,676 while the median value for Units is $160,814.
  • Houses have a median rent of $330 while Units have a median rent of $260.
There are currently 44 properties listed for sale, and 11 properties listed for rent in Port augusta on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Port augusta.

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Charmaine Budd
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Ray White Port Augusta
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