6 Bice StreetBarmera SA 5345
Property Details for 6 Bice St, Barmera
6 Bice St, Barmera is a 2 bedroom, 1 bathroom BlockOfUnits with 5 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom BlockOfUnits sold in Barmera in the last 12 months.
Last Listing description (July 2024)
Discover an exceptional investment opportunity at 6 Bice Street, Barmera. This unique property features five 2-bedroom units, each designed for comfortable living with a kitchen, two bedrooms, and a living area. Additionally, a communal laundry serves all tenants, ensuring convenience for all.
At the front of the property fronting Bice Street, you'll find a commercial space that offers renovation potential and future income opportunities, making this property a versatile investment.
All units are currently leased, generating a collective income of $1,175 per week, with room for further growth. Situated just 100 metres from the main street of Barmera, tenants will enjoy easy access to dining options, supermarkets, and a variety of specialty shops.
Key features include:
• Five 2-bedroom units, each with a kitchen and living area
• Communal laundry for tenant convenience
• Commercial property at the rear with renovation potential
• Current collective income of $1,175 per week
• Potential for income growth
• Located 100m from main street of Barmera
• Close to dining options, supermarkets, and specialty shops
• Comfortable living environment for tenants
• Strong investment opportunity
• Future potential for commercial property
• Zoning: Township Main Street (TMS)
Lease details below:
• Unit 1: $225 per week - Fixed Term 25/06/2024 to 24/06/2025
• Unit 2: $225 per week - Fixed Term 24/05/2024 to 23/03/2025
• Unit 3: $225 per week - Fixed Term 17/06/2024 to 16/06/2025
• Unit 4: $250 per week - Fixed Term 23/06/2024 to 22/06/2025
• Unit 5: $250 per week - Fixed Term 09/02/2024 to 08/02/2025
Pat Catalano
0477 590 540
Janis Richter
0439 809 949
RLA: 315295
Disclaimer: While we have made diligent efforts to ensure the accuracy of the information provided, we assume no responsibility and disclaim any liability for errors, omissions, or inaccuracies, including boundaries depicted in aerial imagery. It is recommended that potential buyers conduct their own inquiries to validate the information presented herein.
Property History for 6 Bice St, Barmera, SA 5345
- 31 Jul 2024Sold for $662,000
- 22 Jul 2024Listed for Sale $670,000
- 17 Nov 2021Listed for Rent $250 / week
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About Barmera 5345
The size of Barmera is approximately 76.7 square kilometres. It has 19 parks covering nearly 1.9% of total area. The population of Barmera in 2011 was 3,015 people. By 2016 the population was 2,928 showing a population decline of 2.9% in the area during that time. The predominant age group in Barmera is 60-69 years. Households in Barmera are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Barmera work in a labourer occupation. In 2011, 65% of the homes in Barmera were owner-occupied compared with 62.8% in 2016.
Barmera has 1,683 properties. Over the last 5 years, Houses in Barmera have seen a 92.82% increase in median value, while Units have seen a 53.28% increase. As at 31 October 2024:
- The median value for Houses in Barmera is $351,675 while the median value for Units is $282,039.
- Houses have a median rent of $360 while Units have a median rent of $210.
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