OFF MARKET

315/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 46m2
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Property Details for 315/16 Holdfast Prom, Glenelg

315/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 2002. The property has a floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in November 2004.

Building Type
House
Year Built
2002
Floor Size
46m2
Local Government
Holdfast Bay
Lot/Plan
F315/C21562

Last Listing description (April 2019)

Subject to an individual ruling by Revenue SA this unit could well be stamp duty exempt if your proposed end use is as a managed short stay holiday rental.
Whether you are looking for an apartment to rent out, live in or a bit of both, then this release may just fit the bill.
Situated in the Oaks Plaza in the prime Glenelg beach position, this one-bedroom apartment offers the ideal pad for a busy executive or indeed a retiree.

Stunning Westerly vistas provide uninterrupted gulf views as far as the eye can see.
A full galley style kitchen equipped with European appliances has easy access to the open plan living room and meals area. The bedroom via a sliding screen also opens onto the living area and has direct access to the bathroom and the European style laundry.
Being part of a 4.5-star development, the apartment also benefits from a fully maintained indoor pool, fully equipped gym, spa and sauna.
Pay TV and internet services are available and there is a secure underground car park assigned specifically to the apartment.
The option of renting this fully furnished apartment out is also available through the Management by the Oaks Group. The 2016/2017 Gross income for this property was $56,290. Full financials are available upon request.
This may be an ideal option for those who travel extensively or those who live intrastate and only wish to use the apartment for personal use on a few occasions throughout the year.
Whether the end use of the apartment is residential or executive rental, the positioning could not be better. Glenelg's beach, Jetty Rd shops and tram plus the myriad of watering holes and eateries are all at your door step.
Please meet in the Foyer of The Oaks approximately five minutes prior to scheduled opens.
For further information please contact Mark Burns.
Visit www.glenelg.ljhooker.com.au to view other LJ Hooker Glenelg Listings.
RLA 182909

Property History for 315/16 Holdfast Prom, Glenelg, SA 5045

A timeline of how this property has performed in the market
Last Sold
$405,000
29 Nov 2004
  • 19 Oct 2017
    Listed for Sale $397,000 - $420,000
  • 29 Nov 2004
    Sold for $405,000
  • 12 Nov 2004
    Listed for Sale $400,000 - $420,000
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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 3,446 properties. Over the last 5 years, Houses in Glenelg have seen a 85.94% increase in median value, while Units have seen a 64.87% increase. As at 31 August 2024:

  • The median value for Houses in Glenelg is $1,756,218 while the median value for Units is $713,902.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 149 properties were sold in the past 12 months in Glenelg.

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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.