1/3 Waite StreetElizabeth Downs SA 5113
Property Details for 1/3 Waite St, Elizabeth Downs
1/3 Waite St, Elizabeth Downs is a 13 bedroom, 13 bathroom Unit with 6 parking spaces and was built in 1973. The property has a land size of 3600m2 and floor size of 3600m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Last Listing description (January 2013)
11 units returning $94,000 p/a
A unique opportunity for the savvy investor or property developer to acquire a good performing property acquisition to add to their investment portfolio or potentially re-develop with endless opportunities.
This well maintained group of units offering 3 road frontages on a corner allotment comprises 5 free standing dwellings of 11 units.
The development has been well maintained with recent internal upgrades to two of the units as an added bonus for the lucky new owner. There is potential for community titling and further upgrades or re-development (STCC).
BENEFITS & RETURN:
* Gross Rental Income p.a.: $94,120 (approx)
* Outgoings p.a.: $30,000 (approx)
* Low risk acquisition
* Opportunity for increased income
* Fully occupied
* Ample off street parking
* Close to schools, shops and public transport
An information memorandum is available upon request.
Property History for 1/3 Waite St, Elizabeth Downs, SA 5113
- 05 Jan 2018Sold for $875,000
- 09 Jan 2013Transferred
- 23 Oct 2012Listed for Sale Not Disclosed
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About Elizabeth Downs 5113
The size of Elizabeth Downs is approximately 3.2 square kilometres. It has 10 parks covering nearly 30.1% of total area. The population of Elizabeth Downs in 2011 was 5,142 people. By 2016 the population was 5,068 showing a population decline of 1.4% in the area during that time. The predominant age group in Elizabeth Downs is 0-9 years. Households in Elizabeth Downs are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth Downs work in a labourer occupation. In 2011, 55% of the homes in Elizabeth Downs were owner-occupied compared with 54% in 2016.
Elizabeth Downs has 2,382 properties. Over the last 5 years, Houses in Elizabeth Downs have seen a 164.84% increase in median value, while Units have seen a 131.61% increase. As at 31 October 2024:
- The median value for Houses in Elizabeth Downs is $476,945 while the median value for Units is $424,235.
- Houses have a median rent of $450 while Units have a median rent of $253.
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