OFF MARKET

7 Verco Street
Balaklava SA 5461

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 174m2
Land area: 537m2
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Property Details for 7 Verco St, Balaklava

7 Verco St, Balaklava is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1895. The property has a land size of 537m2 and floor size of 174m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
House
Year Built
1895
Floor Size
174m2
Land Size
537m2
Local Government
Wakefield
Lot/Plan
A8/F106765

Last Listing description (October 2016)

FANTASTIC OPPORTUNITY!!
Terms 10% deposit at the fall of the hammer and balance in cash at settlement set for Monday the 24th of October 2016
The Vendor's Statement, Contract, Auction Terms and Conditions and other relevant documentation, is available for perusal at the office of the Agent for at least 3 consecutive business days immediately preceding the auction, and at the place at which the Auction is to be conducted for at least 30 minutes before the Auction commences.

This quaint original circa 1895 (approx) symmetrical cottage of 4 rooms is ripe for renovation.
There are 3 good size bedrooms, high ceilings, original floorboards and feature fireplaces.
The cottage is in a great location, within close proximity to the school and main street.
However, the later addition comprising bathroom, kitchen and laundry is in varying stages of collapse as is the carport/garage.
The block is aproximately 510m2 .
An opportunity exists for the astute buyer to renovate or demolish (STCC)
PRICE GUIDE $75,000 - $82,500
OPEN SATURDAYS FROM 20TH AUGUST AT 11AM

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Property History for 7 Verco St, Balaklava, SA 5461

A timeline of how this property has performed in the market
Last Sold
$65,000
21 Oct 2016
  • 21 Oct 2016
    Sold for $65,000
  • 18 Aug 2016
    Listed for Sale $75,000 - $90,000
  • 15 Feb 1994
    Sold for $56,750

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About Balaklava 5461

The size of Balaklava is approximately 112.1 square kilometres. It has 10 parks covering nearly 1.2% of total area. The population of Balaklava in 2011 was 1,828 people. By 2016 the population was 2,055 showing a population growth of 12.4% in the area during that time. The predominant age group in Balaklava is 60-69 years. Households in Balaklava are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balaklava work in a labourer occupation. In 2011, 70% of the homes in Balaklava were owner-occupied compared with 70.8% in 2016.

Balaklava has 1,283 properties. Over the last 5 years, Houses in Balaklava have seen a 98.08% increase in median value, while Units have seen a -17.33% decrease. As at 31 October 2024:

  • The median value for Houses in Balaklava is $367,272 while the median value for Units is $267,139.
  • Houses have a median rent of $400.
There are currently 6 properties listed for sale, and 1 property listed for rent in Balaklava on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Balaklava.

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