SOLD
Sold on 22 Oct 2024 for $2,250,000

3 Reus Court
East Side NT 0870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2500m2
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Property Details for 3 Reus Ct, East Side

Building Type
Unknown
Land Size
2500m2
Local Government
Alice Springs
Lot/Plan
Loc 010 Lot 9065/LTO98/003B

Last Listing description (November 2024)

The Feel:
Nestled in the quiet, shady enclave of the Greenleaves subdivision is a real estate opportunity to purchase a residential development of six units. Set on an expansive block, there is a mix of accommodation and parking. The discerning buyer will see the short and long-term potential in acquiring a unique asset.

The Facts:

- Well-positioned property in East Side
- Complex of six units (4 x 3 bedroom/2 bathroom and 2 x 2 bedroom/1 bathroom)
- Sizeable 2500 sqm (approx.) allotment
- Zoned LMR (Low-Medium Density Residential)
- Covered parking adjacent to units
- Good sized bedrooms
- Bathroom with ideal functionality
- Well-appointed kitchens, gas cooking
- Open plan living
- Security screens on windows and doors
- Convenient rear/side courtyards
- Lockable storage rooms external access
- Natural gas connected
- Great special project or investment prospect

Expressions of Interest closing 12noon Monday 2 September 2024

This property delivers to the owner a low maintenance complex positioned close to town with easy access to the necessary amenities for an easy lifestyle.

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Property History for 3 Reus Ct, East Side, NT 0870

A timeline of how this property has performed in the market
Last Sold
$2,250,000
22 Oct 2024
  • 22 Oct 2024
    Sold for $2,250,000
  • 01 Aug 2024
    Listed for Sale Expression of Interest - Closing 2/9/24

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About East Side 0870

The size of East Side is approximately 4 square kilometres. It has 11 parks covering nearly 10% of total area. The population of East Side in 2011 was 2,980 people. By 2016 the population was 2,916 showing a population decline of 2.1% in the area during that time. The predominant age group in East Side is 30-39 years. Households in East Side are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Side work in a professional occupation. In 2011, 55.1% of the homes in East Side were owner-occupied compared with 54% in 2016.

East Side has 1,357 properties. Over the last 5 years, Houses in East Side have seen a 1.46% increase in median value, while Units have seen a 0.50% increase. As at 31 October 2024:

  • The median value for Houses in East Side is $482,556 while the median value for Units is $278,498.
  • Houses have a median rent of $550 while Units have a median rent of $385.
There are currently 22 properties listed for sale, and 3 properties listed for rent in East side on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in East side.

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