SOLD
Sold on 16 Jan 2024 for $2,220,000

314 Torrens Road
Croydon Park SA 5008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 893m2
Land area: 1327m2
Sold By
MCGEES PROPERTY ADELAIDE
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Property Details for 314 Torrens Rd, Croydon Park

Building Type
Commercial
Floor Size
893m2
Land Size
1327m2
Local Government
Port Adelaide Enfield
Lot/Plan
A91/D3827

Last Listing description (September 2023)

- 1,327 sqm* site over 2 Titles
- 893 sqm* of improvements currently utilised as approximately half showroom and half warehouse
- Ample yard/parking area

- High exposure location on the corner of Torrens and Boomerang Roads, Croydon Park
- Inner north-west location 5.2 km* north-west of the Adelaide CBD
- Great accessibility and located only 1 km* from the North-South Motorway
- Potential future development upside, property is zoned Local Activity Centre City of Port Adelaide Enfield
- Lease agreement in place at a rental of $60,000 p.a. plus GST net until 30 September 2023, any subsequent extensions to be agreed mutually between purchaser and Lessee
- Ideal for owner occupiers and investors

Offered for sale via public auction on Thursday 28th September at 11.00am on site (unless sold prior).

For further details or to arrange an inspection of 314 Torrens Road, Croydon Park contact Andrew Wilson or Michael Dimasi of McGees Property (RLA 1722)

(* approx)

Property History for 314 Torrens Rd, Croydon Park, SA 5008

A timeline of how this property has performed in the market
Last Sold
$2,220,000
16 Jan 2024
  • 16 Jan 2024
    Sold for $2,220,000
  • 25 Aug 2023
    Listed for Sale Sold at Auction
  • 27 Nov 2018
    Sold for $965,000
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About Croydon Park 5008

The size of Croydon Park is approximately 1.8 square kilometres. It has 5 parks covering nearly 2.6% of total area. The population of Croydon Park in 2011 was 4,000 people. By 2016 the population was 3,952 showing a population decline of 1.2% in the area during that time. The predominant age group in Croydon Park is 20-29 years. Households in Croydon Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Croydon Park work in a professional occupation. In 2011, 56.7% of the homes in Croydon Park were owner-occupied compared with 55.7% in 2016.

Croydon Park has 2,030 properties. Over the last 5 years, Houses in Croydon Park have seen a 73.77% increase in median value, while Units have seen a 80.27% increase. As at 30 September 2024:

  • The median value for Houses in Croydon Park is $840,604 while the median value for Units is $498,634.
  • Houses have a median rent of $550 while Units have a median rent of $465.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Croydon park on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Croydon park.

Suburb Insights for Croydon Park 5008

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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.