OFF MARKET

2/5 Galway Avenue
Collinswood SA 5081

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 79m2
Land area: 142m2
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Property Details for 2/5 Galway Ave, Collinswood

2/5 Galway Ave, Collinswood is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1976. The property has a land size of 142m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Year Built
1976
Floor Size
79m2
Land Size
142m2
Local Government
Prospect
Lot/Plan
Q2/C42796

Last Listing description (May 2022)

With every convenience at your fingertips! Living at this address will guarantee you an easy lifestyle. The unit is tucked away off Galway Avenue and it is currently being converted from strata title to community title. Benefits of community title are many, insurance of your own individual home is possible. You can attend to your own maintenance. Outside walls under community title are not common property, that means you own the outside walls, from boundary to boundary it is all yours. With community title you can erect a back veranda to your own home, put up external awnings and you do not require strata permission. The unit externally has a colonial influence and solid cream brick in structure. White timber windows and a big bay window to the lounge and high-pitched tiled roof set the home off nicely.
The unit was built in 1976, ceiling height inside is 8ft 6''inch or 2.55 metres. Separate lounge overlooks the front garden setting, and rooms throughout are generous in proportion. The kitchen has been totally updated, smart cupboards and bench tops with drawer space and a big triple floor to ceiling pantry and linen cupboard allows additional storage space. The kitchen and dine meals are combine and adjoins the lounge room. The dining area accommodates a four-piece setting easily. Flooring is finished with timber look vinyl; it is hard wearing and looks fantastic. Bedroom one is a lovely bright room, a Queen size bed can be installed comfortably, bedroom one has a triple width floor to ceiling-built robe. Bedroom two is a healthy single size and it too has a built-in robe. Bedroom one and two are both near the main bathroom. The bathroom has a separate shower, a bath, and a modern vanity unit + toilet. The laundry is separate and located adjacent to the kitchen and has its own external access door to the rear yard. The rear yard has a nice artificial lawn area, and scrubs surround the colour bond fencing. The rear fencing is new, a trellis screen at the top of the fence offers even more privacy. The court-yard garden setting is a nice outdoor BBQ area and ideal for those who want a manageable garden to potter in.
The home has, ducted reverse cycle air-conditioning throughout the main rooms. In addition, the home has a reverse cycle split system air-conditioning unit located in the lounge room. The hot water unit is another recent install. Decor is fresh and neutral.

Externally the home has roller shutters fitted to rear the windows of the home and Crim safe screens across the front windows including a crim safe front security door.
Single lock up garage + an additional off-street park or visitors park in front of the garage.
For the investors, the unit will offer go steady returns with reliable income due to the home's location and demand.
The proximity to the City and Adelaide Uni, public transport with the bus will always be a drawcard for tenants.
Collinswood has a proven track record with solid appreciation with growth in value, it is a sound investment.

Property History for 2/5 Galway Ave, Collinswood, SA 5081

A timeline of how this property has performed in the market
Last Sold
$335,000
21 Jun 2021
  • 21 Jun 2021
    Sold for $335,000
  • 10 Mar 2021
    Listed for Sale $335,000 - $359,950
  • 25 Jul 2014
    Sold for $315,000
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About Collinswood 5081

The size of Collinswood is approximately 0.5 square kilometres. It has 2 parks covering nearly 0.8% of total area. The population of Collinswood in 2011 was 1,312 people. By 2016 the population was 1,389 showing a population growth of 5.9% in the area during that time. The predominant age group in Collinswood is 30-39 years. Households in Collinswood are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Collinswood work in a professional occupation. In 2011, 56.1% of the homes in Collinswood were owner-occupied compared with 54.5% in 2016.

Collinswood has 742 properties. Over the last 5 years, Houses in Collinswood have seen a 66.57% increase in median value, while Units have seen a 59.92% increase. As at 31 July 2024:

  • The median value for Houses in Collinswood is $1,325,651 while the median value for Units is $509,065.
  • Houses have a median rent of $750 while Units have a median rent of $420.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Collinswood on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Collinswood.

Suburb Insights for Collinswood 5081

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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.