OFF MARKET

2 Railway Terrace
Bute SA 5560

Bedrooms: 4
Bathrooms: 1
Car spaces: 5
Floor area: 229m2
Land area: 982m2
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Property Details for 2 Railway Tce, Bute

2 Railway Tce, Bute is a 4 bedroom, 1 bathroom House with 5 parking spaces and was built in 1960. The property has a land size of 982m2 and floor size of 229m2. While the property is not currently for sale or for rent, it was last sold in March 2015.

Building Type
House
Year Built
1960
Floor Size
229m2
Land Size
982m2
Local Government
Barunga West
Lot/Plan
S354/H211200

Last Listing description (February 2015)

What an amazing opportunity to purchase the former State Bank building in the heart of Bute that was transformed into a spacious residence some years ago. There are four bedrooms, a modern kitchen with dishwasher , L shaped lounge and dining room with feature fire place and one of the biggest family rooms that was once The Banking Chamber still with direct street access via the air lock porch. There is the strong room complete with safe door still in working order, male & female WC's, combustion heater, air conditioning, single garage under the main roof plus another store/workshop. The grounds are low maintenance, the block size is 982m2, there is a lovely pergola out the back or verandah out the front to sit back and watch the daily activities that pass you by in Bute. Inspection is a must and can be arranged by contacting the Sales Agent David Bussenschutt on 0429 692511.

Property History for 2 Railway Tce, Bute, SA 5560

A timeline of how this property has performed in the market
Last Sold
$190,000
31 Mar 2015
  • 31 Mar 2015
    Sold for $190,000
  • 29 Mar 2014
    Listed for Sale 198000
  • 07 Sep 2006
    Sold for $160,000
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About Bute 5560

The size of Bute is approximately 238.6 square kilometres. It has 7 parks covering nearly 0.2% of total area. The population of Bute in 2011 was 415 people. By 2016 the population was 432 showing a population growth of 4.1% in the area during that time. The predominant age group in Bute is 60-69 years. Households in Bute are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bute work in a managers occupation. In 2011, 85.5% of the homes in Bute were owner-occupied compared with 85.9% in 2016.

Bute has 336 properties. Over the last 5 years, Houses in Bute have seen a 69.17% increase in median value. As at 31 October 2024:

  • The median value for Houses in Bute is $298,129 while the median value for Units is $302,642.
There are currently 2 properties listed for sale, and no properties listed for rent in Bute on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Bute.

Suburb Insights for Bute 5560

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.