OFF MARKET

745 Marion Road
Ascot Park SA 5043

Bedrooms: 7
Bathrooms: 3
Car spaces: 2
Floor area: 344m2
Land area: 689m2
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Last updated 18 Nov 2024
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Property Details for 745 Marion Rd, Ascot Park

745 Marion Rd, Ascot Park is a 7 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 689m2 and floor size of 344m2. While the property is not currently for sale or for rent, it was last sold in July 1998.

Building Type
Unit
Floor Size
344m2
Land Size
689m2
Local Government
Marion
Lot/Plan
A1/D33717

Last Listing description (November 2024)

Set back from the road on a generous corner allotment in a most convenient Ascot Park position, this unique offering is undoubtedly the investment opportunity of a lifetime.

Approximately 689sqms with frontages along Marion Road and Second Avenue, all on one title includes a successful ground floor retail hair and beauty shop, along with three units, each leased to excellent long-term occupants.

Also on the lower level, unit 1 comprises an open kitchen, living and dining space upon entry, two bedrooms with robes, bathroom with laundry facilities and separate w/c plus a secure gated yard space, currently earning $340 per week.

Upstairs units 2 and 3 generate $325 and $360 per week respectively, the latter being a sizeable space with a most flexible floorplan inclusive of up to three bedrooms including a generous master with walk-in robe, dual living spaces, a kitchen and dining area with wraparound breakfast bar and bathroom with separate w/c as well as a rear deck.

Separate side access, a rear service yard and allocated carports add to this enticing buy, with a combined gross revenue of over $93,000 per year form the retail lease and 3 flats.

A top spot with convenience at its forefront, where bus and train transport, Park Holme Shopping Centre, Ascot Park Primary School and local parks including the expansive Hendrie Street Playground & Reserve are easily accessible on foot, and CBD commutes (10kms) couldn't be simpler. Westfield Marion, Castle Plaza and Pasadena Shopping Centres are all within a few minutes' drive.

Plenty of food for thought here, come and see this one for yourself.

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Property History for 745 Marion Rd, Ascot Park, SA 5043

A timeline of how this property has performed in the market
Last Sold
$255,000
23 Jul 1998
  • 27 Aug 2024
    Listed for Sale Under Contract
  • 23 Jul 1998
    Sold for $255,000
  • 30 Mar 1994
    Sold for $246,000

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About Ascot Park 5043

The size of Ascot Park is approximately 1 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of Ascot Park in 2011 was 2,996 people. By 2016 the population was 3,286 showing a population growth of 9.7% in the area during that time. The predominant age group in Ascot Park is 20-29 years. Households in Ascot Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ascot Park work in a professional occupation. In 2011, 55.3% of the homes in Ascot Park were owner-occupied compared with 53.5% in 2016.

Ascot Park has 1,895 properties. Over the last 5 years, Houses in Ascot Park have seen a 82.98% increase in median value, while Units have seen a 89.50% increase. As at 31 October 2024:

  • The median value for Houses in Ascot Park is $865,435 while the median value for Units is $593,613.
  • Houses have a median rent of $580 while Units have a median rent of $470.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Ascot park on OnTheHouse. According to CoreLogic's data, 116 properties were sold in the past 12 months in Ascot park.

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