12 Swinton CloseChristie Downs SA 5164
Property Details for 12 Swinton Cl, Christie Downs
12 Swinton Cl, Christie Downs is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 36m2.
Last Listing description (October 2022)
THE LAST ONE HAS JUST GONE UNDER CONTRACT .... BUT ... I may have another one coming up in this group shortly. Please register your interest to go on my Waiting List.
BUT IMPORTANT NOTE: These units are NOT suitable for buyers who wish to move in themselves as all are already tenanted on long leases. Hence being ideal for investors only.
Investors, read what is on offer:
GORGEOUS UNIT OFFERING THE HIGHEST RENT YIELD IN THE WHOLE OF ADELAIDE!!
BRILLIANT FOR INVESTORS giving a low-entry level; immediate income & basically a 'set and forget' option!
All units are on their own individual Community Title, and ALL ALREADY TENANTED to amazing tenant on secure residential leases (current average weekly rent is $240pw) giving you IMMEDIATE INCOME FROM DAY ONE.
The Estate is meticulously maintained and is highly popular among mature aged tenants who are seeking the security of long term rentals. In fact, the entire complex is FULLY RENTED with a WAITING LIST with other top class tenants keen to move in.
With 50 units already sold, with some investors buying multiple ... there is certainly a great cross-section of very happy buyers. Here's a quote from one of these investors, a retired couple who purchased 3 units
"These investments are more solid and far less risk than the super funds we were in & offer a far higher return than having our money in term deposit. The community needs these types of complexes … we're glad to be involved".
QUICK FACTS:
* Built in 2004, well established, beautifully maintained complex, set on 1.5 acres of manicured gardens
* Rents average $240pw, make these great 'positive-gearing' investments (if borrowing at 2.5% or less)
* High 8.40% GROSS rent yield - the highest in metro Adelaide!
* Solid 5.50% NET yield after standard property outgoings (rates etc)
* All units are already leased to respectful, long term tenants on renewable 12 month fixed leases giving rental income from Day One (Bonds held by Residential Tenancies)
* Each unit is on its own Community Title (you own the land too) and only responsible for repairs & maintenance on your OWN unit, no others!
* All one bedroom with large ensuite, (with laundry facilities); lounge, galley kitchen, rear private courtyard garden
INVESTORS: EMAIL THE AGENT TO REGISTER YOUR INTEREST FOR ANY OTHERS THAT MAY COME UP FOR SALE IN THIS COMPLEX
Property History for 12 Swinton Cl, Christie Downs, SA 5164
- 01 Oct 2020Listed for Sale $148,500
- 18 May 2020Listed for Rent - Price not available
- 23 Jan 2020Listed for Sale $148,500
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About Christie Downs 5164
The size of Christie Downs is approximately 3.2 square kilometres. It has 17 parks covering nearly 13.5% of total area. The population of Christie Downs in 2011 was 5,134 people. By 2016 the population was 5,285 showing a population growth of 2.9% in the area during that time. The predominant age group in Christie Downs is 60-69 years. Households in Christie Downs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Christie Downs work in a trades occupation. In 2011, 50.5% of the homes in Christie Downs were owner-occupied compared with 48.8% in 2016.
Christie Downs has 2,163 properties.
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