OFF MARKET

101/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 42m2
Land area: 54m2
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Last updated 18 Nov 2024
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Property Details for 101/16 Holdfast Prom, Glenelg

101/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 54m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in March 2019.

Building Type
Unit
Year Built
2002
Floor Size
42m2
Land Size
54m2
Local Government
Holdfast Bay
Lot/Plan
F101/C21562

Last Listing description (March 2019)

$1,523.67 rental return per month guaranteed. One of the highest yielding property returns you will find in Adelaide is now available.
This is as cool and affordable as an apartment gets! On the famed esplanade strip sits this one bedroom apartment overlooking the lush greenery of Colley Tce.
Singles or couples will love both the stylish location and the low maintenance convenience of this first floor apartment which is just minutes to the tram to the city - a relaxing journey to work. Everything, and I mean everything is included - irons, kettles, cutlery, sheets - you name it! All the hard work has been done for you, you just need to turn up and enjoy.

Investors will appreciate the opportunity to either rent the apartment out as it was previously on a fixed term agreement ($380 - $420/week), or look at doing it on a short term basis through the Oaks Group (where all aspects of the rental are handled and the returns are substantial). In addition you get to book out the apartment for yourself whenever you choose - you can indeed have your cake and eat it!
The facilities are excellent with a pool and gym, 3 restaurants and a bar all there for your enjoyment and convenience - no more cleaning dishes or even having to cook, although the kitchen is amply supplied with all the requisite cooking utensils for the budding chef.
This really should be an easy sell - spend the quality time you want with friends and family - stroll along the world class esplanade or take in multiple cafes and restaurants all within about 100m of the building - and let someone else take care of the boring stuff: perfect!
Specifications:
CT / 5886/704
Council / City of Holdfast Bay
Strsta / Whittles
Zoning / GFP
Built / 2002
Council Rates / $976pa
Strata Rates / 1,251pq
SA Water / $151.45pq
ESL / $176pa
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

Property History for 101/16 Holdfast Prom, Glenelg, SA 5045

A timeline of how this property has performed in the market
Last Sold
$295,000
08 Mar 2019
Listed for Rent
$390/w
02 Feb 2017
  • 08 Mar 2019
    Sold for $295,000
  • 14 Feb 2018
    Listed for Sale Contact agent
  • 06 Jan 2017
    Listed for Rent $390 / week
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About Glenelg 5045

The size of Glenelg is approximately 1 square kilometres. It has 5 parks covering nearly 6.3% of total area. The population of Glenelg in 2011 was 3,447 people. By 2016 the population was 3,345 showing a population decline of 3.0% in the area during that time. The predominant age group in Glenelg is 60-69 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation. In 2011, 46.5% of the homes in Glenelg were owner-occupied compared with 49.3% in 2016.

Glenelg has 3,420 properties. Over the last 5 years, Houses in Glenelg have seen a 80.42% increase in median value, while Units have seen a 74.48% increase. As at 31 October 2024:

  • The median value for Houses in Glenelg is $1,785,740 while the median value for Units is $753,046.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 10 properties listed for sale, and 3 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Glenelg.

Suburb Insights for Glenelg 5045

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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.