SOLD
Sold on 05 Jun 2024 for $470,000

502/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
Land area: 50m2
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Gary J Smith Real Estate
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Property Details for 502/16 Holdfast Prom, Glenelg

502/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit and was built in 2002. The property has a land size of 50m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Glenelg in the last 12 months.

Building Type
Unit
Year Built
2002
Floor Size
51m2
Land Size
50m2
Local Government
Holdfast Bay
Lot/Plan
F502/C21562

Last Listing description (July 2024)

Occupying a fifth-floor position within the Oaks Glenelg Plaza Pier Suites, this refurbished single bedroom apartment epitomises carefree coastal living.

With superb private balcony views over both Colley and Wigley Reserves with glimpse of the Hills painting a most attractive backdrop, the sea air has never smelt so sweet.

You'll find everything you need in a bathroom with shower over bath and full-height tiling and bedroom with built-in robe and dual sliding doors onto the living and dining space overlooked by a kitchen equipped with dishwasher and more storage than you might expect.

Currently leased to Oaks Pier Plaza and showing a Nett Return of 4.9%.

Just 400m from the bustling Moseley Square and Jetty Road and the Marina even closer, you'll be spoilt for choice when it comes to dining out, though with bars and restaurants, an indoor lap pool, heated spa, sauna and gym all located on the second floor of the building, it's equally tempting to stay in.

Easy access to the tram makes for the simplest of city commutes, while shops, golf courses, schools and the Airport are all close by.

A very sound investment in any light.

Specifications:
CT / 5886/837
Council / City of Holdfast Bay
Council Rates /$1,181.45 pa
SA Water / $153.70 pq
ES Levy / $203.80 pa
Admin Fee / $1,649.00 pq
Sinking Fund / $82.00 pq

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Property History for 502/16 Holdfast Prom, Glenelg, SA 5045

A timeline of how this property has performed in the market
Last Sold
$470,000
05 Jun 2024
  • 05 Jun 2024
    Sold for $470,000
  • 17 Apr 2024
    Listed for Sale $459,000 to $479,000
  • 31 May 2023
    Sold for $435,000
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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 3,418 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 11 properties listed for sale, and 4 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Glenelg.

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