17/132 Conyngham StreetGlenunga SA 5064
Property Details for 17/132 Conyngham St, Glenunga
17/132 Conyngham St, Glenunga is a 8 bedroom, 8 bathroom Unit and was built in 1960. The property has a land size of 283m2 and floor size of 22m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 8 bedroom Unit sold in Glenunga in the last 12 months.
Last Listing description (January 2024)
Fantastic opportunity to secure 8 x ground floor studio units with 8 carparks, all on the one title. Each of these units have been completely renovated throughout and located in upmarket Glenunga, this investment represents an extremely healthy return.
The units have been cleared out for total refurbishment and only one has been released for rent at $375 per week. If you rented out all 8 at this rate, it would give you a healthy $3,000.00 per week income representing great value.
These units are very appealing to the university students, and alternatively the young or old who are seeking more affordable living. Each unit is self-contained and comes with a car park. These 8 units are all located on the ground floor and all 8 carparks are at the front of the property in the best and more convenient location. There is also a communal utilities room/laundry at the end of the building which belongs to and is for the exclusive use of this title. This block is on high security with a large electric gated entry.
The upper level is all on separate titles so there may be a possibility to split this title into 8 as per the top floors, subject to necessary consents. Obviously, this would add further value to your investment. The location is fantastic and is close to shopping, public transport, quality schooling and universities.
The listing for sale is No, 17/132 Conyngham St and comprises 8 units.
C/T Reference: Volume 6149 Folio 905
Council: Burnside
Built: 1960 Completely renovated including bathrooms and kitchens
Zoning: R - ResidentialR24 - Residential Area 24 Glenunga (North)
Strata incl Admin Fund: $2856.74 per quarter (for total 8 units)
Property History for 17/132 Conyngham St, Glenunga, SA 5064
- 19 Jan 2024Sold for $1,500,000
- 29 Sep 2023Listed for Sale Contact Agent
- 06 Feb 2017Sold for $900,000
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About Glenunga 5064
The size of Glenunga is approximately 0.9 square kilometres. It has 2 parks covering nearly 6.9% of total area. The population of Glenunga in 2011 was 1,867 people. By 2016 the population was 2,003 showing a population growth of 7.3% in the area during that time. The predominant age group in Glenunga is 10-19 years. Households in Glenunga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenunga work in a professional occupation. In 2011, 77.6% of the homes in Glenunga were owner-occupied compared with 75.6% in 2016.
Glenunga has 988 properties. Over the last 5 years, Houses in Glenunga have seen a 72.56% increase in median value, while Units have seen a 78.58% increase. As at 31 July 2024:
- The median value for Houses in Glenunga is $1,803,160 while the median value for Units is $695,077.
- Houses have a median rent of $735 while Units have a median rent of $520.
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