OFF MARKET

9/8 Overbury Drive
Clarence Park SA 5034

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 82m2
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Last updated 11 Nov 2024
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Property Details for 9/8 Overbury Dr, Clarence Park

9/8 Overbury Dr, Clarence Park is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 82m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last transacted (non-standard sale) in December 2017.

Building Type
Unit
Year Built
1966
Floor Size
68m2
Land Size
82m2
Local Government
Unley
Lot/Plan
U9/S1419

Last Listing description (June 2023)

This home unit with enormous potential will ideally suit the investor looking for an investment that has a long term tenant, in this particular case, the same tenant for approximately 10 years. However, the purchase is not restricted to investors only, and there will be many other buyers who will appreciate the qualities of this spacious home.
Those purchasers that are looking for a special location at the end of a cul-de-sac, one street back from Goodwood Rd., ideally close to public transport and excellent shopping, halfway between the cosmopolitan Goodwood Rd. precinct and the Woolworths and Big W at Cumberland Park will struggle to find anything better anywhere in this price range.
The tenant has indicated that they would like to extend the 10 year plus residency. The savvy investor will recognise the many financial benefits associated with the continuation of such a tenancy.

The surroundings of the unit and the view across to the Adelaide Hills from the private balcony that opens from the living room are exceptional. The purchaser that is willing to renovate will benefit from both the magnificent ambience of the location and the garden area, that I consider to be second to none, and a unit with larger than normal rooms. The home is only joined to one other unit via a shared laundry, and has a private communal entry shared by the other upstairs resident and the two lower units.
This strata group of units is not your typical unit group resembling an overpacked biscuit packet, like so many cheaper unit groups, and has been designed to stand the test of time in providing an environment in which all the units of the group enjoy privacy and seclusion and will be enjoyed by the residents forever.

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Property History for 9/8 Overbury Dr, Clarence Park, SA 5034

A timeline of how this property has performed in the market
Last Transacted (Non-standard sale)
$231,000
18 Dec 2017
Listed for Rent
$190/w
02 Jul 2008
  • 18 Dec 2017
    Transacted (Non-standard sale) for $231,000
  • 07 Nov 2017
    Listed for Sale $230,000
  • 05 Jun 2017
    Transferred
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About Clarence Park 5034

The size of Clarence Park is approximately 0.8 square kilometres. It has 2 parks covering nearly 2% of total area. The population of Clarence Park in 2011 was 2,492 people. By 2016 the population was 2,524 showing a population growth of 1.3% in the area during that time. The predominant age group in Clarence Park is 20-29 years. Households in Clarence Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clarence Park work in a professional occupation. In 2011, 68% of the homes in Clarence Park were owner-occupied compared with 66.7% in 2016.

Clarence Park has 1,236 properties. Over the last 5 years, Houses in Clarence Park have seen a 106.85% increase in median value, while Units have seen a 61.72% increase. As at 31 October 2024:

  • The median value for Houses in Clarence Park is $1,420,283 while the median value for Units is $550,909.
  • Houses have a median rent of $650 while Units have a median rent of $488.
There are currently 5 properties listed for sale, and 1 property listed for rent in Clarence park on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in Clarence park.

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