OFF MARKET

7/1 Dunbar Terrace
Glenelg East SA 5045

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 89m2
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Property Details for 7/1 Dunbar Tce, Glenelg East

7/1 Dunbar Tce, Glenelg East is a 2 bedroom, 1 bathroom Unit and was built in 1965. The property has a floor size of 89m2.

Building Type
Unit
Year Built
1965
Floor Size
89m2
Local Government
Holdfast Bay

Last Listing description (February 2023)

Situated on Glenelg's doorstep this well-located unit is perfect for those looking to retire to the bay, perhaps looking for a beachside investment or maybe an Adelaide base?

The unit features two bedrooms (both with built-in robes), lovely open living area overlooking the well established garden, well-appointed modern kitchen with loads of cupboards and bench space, timesaving dishwasher, microwave provision, induction cooktop and electric wall oven. The bathroom has also been stylishly updated and there is a separate updated laundry to complete the package.

The kitchen leads to a private courtyard with covered pergola, perfect for entertaining family and friends, plus there is a handy store shed. Situated at the rear of the group you also have an additional garden at the rear (great for the herb garden) and only one adjoining neighbour.

Whilst there is no allocated undercover parking for the unit there is ample on-street parking nearby and a public carpark next door.

The tram stop is out front providing an easy commute into the city, you are a 15 minute bus ride to Westfield Marion, 150m to the Bayside Village Shopping Centre and the Jetty Road shopping, dining and entertainment precinct. The tram is free from here to the beach but it is also only a comfortable 1km stroll. You certainly have everything within easy reach.

The current owner is relocating so be quick to avoid missing out on this fantastic opportunity!

The fine print:
The property is situated on a moiety title. What is that you ask? Moiety and Company titles were used before 1967 for groups of units and flats and, although they are no longer common in South Australia, some still exist.

The sa.gov.au website describes it as this "In a moiety title, sometimes referred to as a cross lease, the ownership of a unit comes from being the registered owner of a share of the land the group of units sits on. The owner is leasing the right to occupy their unit, along with the right to use common areas, from the other unit owners".

For more information on the property, or to arrange an inspection, please contact me today.

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Property History for 7/1 Dunbar Tce, Glenelg East, SA 5045

A timeline of how this property has performed in the market
  • 08 Dec 2022
    Listed for Sale $395,000 - $410,000

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About Glenelg East 5045

The size of Glenelg East is approximately 1.3 square kilometres. It has 6 parks covering nearly 6.1% of total area. The population of Glenelg East in 2011 was 3,700 people. By 2016 the population was 3,756 showing a population growth of 1.5% in the area during that time. The predominant age group in Glenelg East is 50-59 years. Households in Glenelg East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg East work in a professional occupation. In 2011, 62.6% of the homes in Glenelg East were owner-occupied compared with 62% in 2016.

Glenelg East has 2,022 properties. Over the last 5 years, Houses in Glenelg East have seen a 89.18% increase in median value, while Units have seen a 73.60% increase. As at 31 October 2024:

  • The median value for Houses in Glenelg East is $1,578,382 while the median value for Units is $632,481.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Glenelg east on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Glenelg east.

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