SOLD
Sold on 08 Nov 2024 for $605,000

617/16 Holdfast Promenade
Glenelg SA 5045

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
Land area: 57m2
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Property Details for 617/16 Holdfast Prom, Glenelg

617/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit and was built in 2002. The property has a land size of 57m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in November 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
57m2
Local Government
Holdfast Bay
Lot/Plan
F617/C21562

Last Listing description (September 2024)

Perfectly situated in one of Adelaide's premier coastal suburbs, this pristine apartment caters to the aspirations of both first-time homebuyers seeking an enviable lifestyle and astute investors exploring short or long-term opportunities. Positioned along the esteemed Glenelg Esplanade, offering captivating views of the coastline, this residence epitomises effortless, lock-and-leave apartment living at its finest.

Currently leased as holiday accommodation, it promises lucrative annual returns. Delight in the steady income stream year-round, all while unwinding on your private balcony, basking in the splendour of the sunset.

Key Features:

Open plan living/dining area opening to the private balcony
Gourmet kitchen complete with quality appliances, granite benchtops and dishwasher
One large bedroom with built-in robe
Two-way bathroom complete with shower, bath, toilet and vanity
Neat & tidy private balcony with stunning ocean views
Reverse cycle air conditioning
Secure complex with swipe card entry and intercom system
Pool, sauna and spa access
Gym facilities access

Ideally located within walking distance of all the lifestyle pleasures Glenelg has to offer; waterfront shopping and five-star dining on the marina, over 200 specialty shops on Jetty Road and of course the white sandy Glenelg Beach on your doorstep. This is a lucrative investment & dream lifestyle opportunity in one of Adelaide's premier coastal suburbs.

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Property History for 617/16 Holdfast Prom, Glenelg, SA 5045

A timeline of how this property has performed in the market
Last Sold
$605,000
08 Nov 2024
Listed for Rent
$450/w
01 May 2010
  • 08 Nov 2024
    Sold for $605,000
  • 16 Sep 2024
    Listed for Sale Contact Agent
  • 25 Sep 2017
    Sold for $401,000
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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 3,420 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 9 properties listed for sale, and 4 properties listed for rent in Glenelg on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Glenelg.

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