OFF MARKET

18/12 Swinton Close
Christie Downs SA 5164

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 36m2
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Property Details for 18/12 Swinton Cl, Christie Downs

18/12 Swinton Cl, Christie Downs is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 36m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
2008
Land Size
36m2
Local Government
Onkaparinga
Lot/Plan
F18/C26734

Last Listing description (September 2020)

CLEARING THE LAST FEW!!! GORGEOUS INVESTMENT UNITS OFFERING THE HIGHEST RENT YIELD IN THE WHOLE OF ADELAIDE!! 80% SOLD!! ATTRACTIVE CASHBACK BONUS OF $10,000 AVAILABLE FOR CASH BUYERS!!

BRILLIANT FOR INVESTORS giving a low-entry level; immediate income & basically a 'set and forget' option!


Last 9 units remain for sale! Each on their own individual Community Title, all already tenanted to amazing tenants on secure residential leases (from $235pw to $240pw), giving you IMMEDIATE INCOME FROM DAY ONE.

CASHBACK BONUS: How this works is that you will receive a cheque back a few days following settlement of $10,000 for you to do as you wish. This offer however is STRICTLY for cash unconditional contracts.

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.

We have been selling units in this lovely complex in stages, offering a few batches at a time. On previous occasions when each batch was released for sale, units were snapped up in a matter of hours by astute investors! These people are to this day, enjoying the high rentals; the 'positive gearing' returns; the low-risk investment and the set and forget opportunity! Not to mention how great it makes them feel to be providing much needed affordable rental accommodation for our mature aged community where private rentals do not give them the long-term security they need.

SEVERAL OF THESE INVESTORS HAVE RETURNED TO BUY EVEN MORE! ONE INVESTOR FAMILY NOW ACTUALLY OWN 11 UNITS BETWEEN THEM!!

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 $235pw, make these great 'positive-gearing' investments (if borrowing at 4% or less)
* High 8.00%-8.40% GROSS rent yield - the highest in metro Adelaide!
* Solid 5.50% to 5.85% 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: MAKE YOUR PRIVATE APPOINTMENT WITH AGENT TO HAVE A TOUR OF THE COMPLEX. (Please do not arrive to wander through yourself as this is private property and appointment with selling agent is necessary)

Property History for 18/12 Swinton Cl, Christie Downs, SA 5164

A timeline of how this property has performed in the market
Last Sold
$148,500
31 Aug 2020
  • 31 Aug 2020
    Sold for $148,500
  • 25 Aug 2020
    Listed for Sale SOLD - $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 2,179 properties. Over the last 5 years, Houses in Christie Downs have seen a 129.97% increase in median value, while Units have seen a 96.64% increase. As at 31 October 2024:

  • The median value for Houses in Christie Downs is $627,780 while the median value for Units is $497,905.
  • Houses have a median rent of $505 while Units have a median rent of $288.
There are currently 14 properties listed for sale, and 5 properties listed for rent in Christie downs on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Christie downs.

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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.