44/13 South Esplanade, Glenelg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 82m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last transferred in July 2016.
Situated on the highly desirable South Esplanade, this fourth level apartment affords the beach lifestyle with direct access to the foreshore from the lobby.
The generous living space, bedroom and bathroom set this apart from your modern one bedroom apartments. External windows to each room including the kitchen provide plenty of natural light and views. Separate access to the main bathroom (with a bath!) allows for the bedroom to remain separate and private. Reverse cycle air conditioning and plenty of storage add to the appeal. This apartment would absolutely shine with a modern make over, or simply enjoy a solid income as it is with a history of minimal vacancy periods.
The Melrose Apartments have been tightly held over the years. Mainly due to the community feel and the privacy. Solid walls and ceilings throughout, they simply don't make them like this anymore.
$395,000
OFFER FORM LINK
https://forms.gle/c7y5YVArjpSJYuMT8
CT: 5017/551
Council: Holdfast Bay
Council Rates: $1,012.90pa (approx)
Water Rates: $167.74pq (approx)
Body Corporate: $1,047.90pq (approx) including Sinking Fund
RLA 275279
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:
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