1 May TerraceBrooklyn Park SA 5032
Property Details for 1 May Tce, Brooklyn Park
1 May Tce, Brooklyn Park is a 10 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 885m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 10 bedroom House sold in Brooklyn Park in the last 12 months.
Last Listing description (September 2024)
Attilio Cavuoto of Ray White Flinders Park is proud to present this rare opportunity to acquire a block of 5 two bedroom units all situated on one title and on an large allotment of some 1067sqm approximately with a frontage in excess of 21m in a perfect locale between some of Adelaide's finest beaches and the CBD. Also in easy proximity of many amenities that this prime location offers including the Adelaide Airport, Harbour Town, Bunnings, Ikea and the popular Henley Beach Road precinct with all various cafes, restaurants and various shops.
Each residence offers 2 generous size bedrooms, kitchen area, living room, bath with laundry facilities all with a carports.
Currently, all 5 units are leased providing an income of some $88,400 per year, providing instant income for astute investors.
With Established rental returns and the foresight of future land value appreciation, this investment projects both stability and substantial growth potential.
The opportunity exists for significant future earning potential as higher rents can easily be achieved with adding your personal touches to the property.
CURRENT INCOME:
Unit 1 - periodic $335
Unit 2 - June 2025 $340
Unit 3 - June 2025 $340
Unit 4 - June 2025 $340
Unit 5 - June 2025 $345
Total = $88,400/yr
Don't miss this Awesome Opportunity to acquire this group situated in the West.
All inquiries welcome.
*Disclaimer - we have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations.
Property History for 1 May Tce, Brooklyn Park, SA 5032
- 18 Jul 2024Sold for $2,025,000
- 25 Jun 2024Listed for Sale Expressions of interest
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0About Brooklyn Park 5032
The size of Brooklyn Park is approximately 1.5 square kilometres. It has 5 parks covering nearly 0.7% of total area. The population of Brooklyn Park in 2011 was 4,514 people. By 2016 the population was 4,761 showing a population growth of 5.5% in the area during that time. The predominant age group in Brooklyn Park is 30-39 years. Households in Brooklyn Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Brooklyn Park work in a professional occupation. In 2011, 55.9% of the homes in Brooklyn Park were owner-occupied compared with 54.7% in 2016.
Brooklyn Park has 2,333 properties. Over the last 5 years, Houses in Brooklyn Park have seen a 86.51% increase in median value, while Units have seen a 90.09% increase. As at 31 October 2024:
- The median value for Houses in Brooklyn Park is $1,024,481 while the median value for Units is $474,755.
- Houses have a median rent of $650 while Units have a median rent of $420.
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