SOLD
Sold on 18 Apr 2024 for $605,000

31/107 Grote Street
Adelaide SA 5000

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 43m2
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Property Details for 31/107 Grote St, Adelaide

31/107 Grote St, Adelaide is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2004. The property has a land size of 43m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Townhouse sold in Adelaide in the last 12 months.

Building Type
Townhouse
Year Built
2004
Floor Size
78m2
Land Size
43m2
Local Government
Adelaide
Lot/Plan
F31/C21476

Last Listing description (March 2022)

Sit on Grote Street right behind Ladybird Manor Montessori Early Learning. This three-bedrooms townhouse is situated in the heart of Adelaide next to Gouger Street, China Town and the Central Market.

The ground level features the laundry and a third bedroom. It also offers secure parking in your own garage which is accessed by the electronic gates ensuring safety and privacy within the group.

The first level comprises of two bedrooms, one bathroom and a second separate toilet. Both bedrooms are in good size with built in robes and carpeted flooring. The main bathroom features a large corner shower, toilet, large mirror and vanity with under bench cabinetry.

The kitchen, living and dining area is located at second level and it is quite large and spacious, and features a west facing balcony. The kitchen is well equipped with a stainless-steel oven, electric cook top with range hood, ample cabinetry, large double bowl sink, dishwasher, laminate bench tops and large fridge provision.

This townhouse is perfect for investors with $540 per week rental return (approximately 5.01% rental return). the tenants has been in the townhouses for 2 years and this is their third year. The current lease will expire next March 2022. The townhouse is also suitable for owner occupiers wanting the relaxed and convenient city lifestyle.

Furthermore, the market arcade will soon be redeveloped into a multi-storey building. This will drive more diversity shops opening in the area. To secure this great investment and be part of the next decade growth, contact Richard for an inspection.

General Info:
Council: City of Adelaide
Certificate of Title: CT 5883/812
Year Built: 2004
Building Area: 117 sqm approx.
Land Size: 44 sqm approx.
Council Rates: $497.45 per quarter (approximately)
Water & Sewer: $173.77 per quarter (approximately)
Community Fees: $330 per quarter
Community Manager: Whittles

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Property History for 31/107 Grote St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$605,000
18 Apr 2024
Listed for Rent
$560/w
21 Mar 2019
  • 18 Apr 2024
    Sold for $605,000
  • 15 Sep 2021
    Listed for Sale $560,000~$575,000
  • 31 Jan 2019
    Listed for Rent $560 / week
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 17,716 properties. Over the last 5 years, Houses in Adelaide have seen a 55.29% increase in median value, while Units have seen a 24.26% increase. As at 30 September 2024:

  • The median value for Houses in Adelaide is $1,117,950 while the median value for Units is $513,770.
  • Houses have a median rent of $615 while Units have a median rent of $570.
There are currently 175 properties listed for sale, and 80 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1067 properties were sold in the past 12 months in Adelaide.

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