48 Meredith Cres, Baringa is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 2017. The property has a land size of 523m2 and floor size of 199m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 5 bedroom House sold in Baringa in the last 12 months.
THIS PROPERTY IS TENANTED - PLEASE SEE DETAILS BELOW
Discover the perfect investment opportunity with 1 & 2/48 Meredith Crescent, Baringa - a full duplex that stands out from the rest. This property eliminates the hassle of dealing with body corporates, ensuring a seamless investment experience. With high yields and reliable tenants secured through existing leases, the groundwork has been expertly laid out for you. Whether you're a seasoned investor or diving into your first venture, this property promises a smooth and rewarding journey, making it an unmissable choice.
Unit 1
Discover comfort and style in Unit 1, where two good sized bedrooms are located at the front, complemented by a spacious main bathroom. Each bedroom features carpets and built-in wardrobes for added convenience. The unit unveils a vast open-plan living, dining, and kitchen area, rivalling the space of a standalone home, complete with an additional study for versatility.
The well-appointed kitchen boasts an island bench and pantry, providing ample storage. Equipped with an electric stove top, dual sink, and stone bench tops, it caters to both functionality and aesthetics. The expansive master bedroom, situated at the rear of the unit, comes with an ensuite featuring a sizable shower.
Step outside onto the open patio, seamlessly connecting to the large backyard, ensuring this unit remains highly desirable.
Key Features:
- Spacious master bedroom with walk-in wardrobe and ensuite
- Two additional carpeted bedrooms with built-in wardrobes
- Open plan living, dining, and kitchen space
- Generous main bathroom with shower and bath
- Good-sized patio and backyard
- Two-bay garage with storage space
- Air conditioning in the main bedroom and living area
Unit 2
Unit 2 welcomes you with two bedrooms with built-in wardrobes, a spacious bathroom, a single garage, and a well-appointed kitchen - a promise of delightful living. The immaculately maintained courtyard enhances the appeal, offering a low-maintenance lifestyle for discerning tenants.
Key Features:
- Two generously sized bedrooms with built-in wardrobes and carpet
- Main bathroom featuring a shower and bath
- Abundant storage options, including a pantry, linen cupboard, and kitchen cabinets
- Open plan living and dining leading to the inviting patio
- Low-maintenance and immaculate courtyard
- Air conditioning in the main living area
- Single garage with storage space
Tenancy Details:
Unit 1 - $640 a week, lease to Feb 2025
Unit 2 - $470 a week, lease to Aug 2024
The population of Baringa in 2011 was 319 people. By 2016 the population was 94 showing a population decline of 70.5% in the area during that time. The predominant age group in Baringa is 50-59 years. Households in Baringa are primarily single parents and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Baringa work in a managers occupation. In 2011, 63.7% of the homes in Baringa were owner-occupied compared with 71% in 2016.
Baringa has 2,224 properties. Over the last 5 years, Houses in Baringa have seen a 77.91% increase in median value, while Units have seen a 86.36% increase. As at 31 July 2024:
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