16 Francis StreetBedford Park SA 5042
Property Details for 16 Francis St, Bedford Park
16 Francis St, Bedford Park is a 8 bedroom, 3 bathroom House with 2 parking spaces and was built in 1962. The property has a land size of 675m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (March 2023)
Sitting just across the road from one of South Australia's and Australia's most highly regarded public and private medical center's, being the Flinders Medical Centre and University, this home has been well configured for student accommodation.
Students love the location as it allows them to walk to work and study without the need for bus or car travel.
All tenants have signed room rental agreements for 2023 and the owners have a waiting list for rooms should they become available. These agreements are available for inspection with the agent.
It is well documented the short supply of rental accommodation, so this home in this location is in high demand for both students and qualified professionals.
Showing high returns over many years, it currently houses 8 tenants with a waiting list if required.
The good blend of international and local students generally stay for a minimum of 12 months as part of their study year but many are in situ for 3 and 4 years as they complete all their studies and then continue on as they start their professional careers.
The rental return per week for 2021/22 financial year was $1335 being approx $69,420 per annum
The home itself was built in 1962 and sits on a good size allotment of approx 680 sqm of land.
The property has magnificent views towards the ocean from the rear yard and has potential for upgrades over time.
Sitting high on the hill, there is potential to build a 2 story home that would offer city lights across the plains to the a wide ocean view.
If you are on the lookout for an investment property to add to your portfolio or perhaps a home with holding income, this home is worth your inspection
The price expectation is in keeping with the local housing market but the return on investment is very high
Property History for 16 Francis St, Bedford Park, SA 5042
- 27 Mar 2023Sold for $810,500
- 30 Nov 2022Listed for Sale Contact Agent
- 30 May 2008Sold for $382,500
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0About Bedford Park 5042
The size of Bedford Park is approximately 2.7 square kilometres. It has 6 parks covering nearly 8.7% of total area. The population of Bedford Park in 2011 was 1,836 people. By 2016 the population was 1,850 showing a population growth of 0.8% in the area during that time. The predominant age group in Bedford Park is 20-29 years. Households in Bedford Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bedford Park work in a professional occupation. In 2011, 53.8% of the homes in Bedford Park were owner-occupied compared with 42.9% in 2016.
Bedford Park has 680 properties. Over the last 5 years, Houses in Bedford Park have seen a 81.02% increase in median value, while Units have seen a 81.40% increase. As at 31 October 2024:
- The median value for Houses in Bedford Park is $806,659 while the median value for Units is $504,528.
- Houses have a median rent of $600 while Units have a median rent of $430.
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