15 Simpson ParadeGoodwood SA 5034
Property Details for 15 Simpson Pde, Goodwood
15 Simpson Pde, Goodwood is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 631m2.
Last Listing description (October 2024)
Discover an exceptional investment opportunity in the heart of Goodwood. This solid brick group of 4 units, situated on a generous 631sqm (approx.) allotment, promises not only immediate returns but also future potential. With the added benefit of potential dual street access from rear Przibeilla Lane, this property is perfectly positioned to maximize both appeal and value.
Features and Benefits
? Current Rental Income: $91,520 per annum with potential for future yield increase
o Two bedrooms per unit
o Mix of new carpet or timber-look flooring in units 2 & 4
o Updated communal laundry with washing machines
o Undercover carports for all units
Prime Location
Situated on the city fringe in a leafy pocket of Goodwood, this property is within walking distance to the tram into the CBD or down to Glenelg. Enjoy the convenience of nearby schools, universities, shops, boutiques, restaurants, and many other amenities.
Lease Details
? Unit 1: $380 per week - Fixed term lease until 11/11/2024
? Unit 2: $480 per week - Fixed term lease until 12/05/2025
? Unit 3: $410 per week - Fixed term lease until 12/08/2024 (tenants will vacate)
? Unit 4: $490 per week - Fixed term lease until 17/03/2025
Current Total Income: $1,760.00 per week
Property Details
? CT: 5494/458
? Council: City of Unley
? Zoned: Established Neighbourhood
? Year Built: 1966
? Land Size: 15.24m x 41.45m
? Council Rates: $3,908 per annum (for all 4 units)
? SA Water Rates: $448.26 per quarter ($1,793.04 per year, usage shared by tenants)
Why This Property?
This investment is a rare find, offering a blend of solid construction, modern amenities, and an enviable location. The ongoing renovations ensure the units remain attractive to tenants, while the spacious allotment and potential dual street access open up a range of future possibilities. Secure your future with this unique opportunity in one of Goodwood's most sought-after neighbourhoods.
Don't miss out on this unique investment opportunity!
Contact us today to arrange a viewing and for more information.
Property History for 15 Simpson Pde, Goodwood, SA 5034
- 19 Jun 2024Listed for Sale Under Contract
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0About Goodwood 5034
The size of Goodwood is approximately 0.9 square kilometres. It has 3 parks covering nearly 1.6% of total area. The population of Goodwood in 2011 was 2,809 people. By 2016 the population was 2,985 showing a population growth of 6.3% in the area during that time. The predominant age group in Goodwood is 30-39 years. Households in Goodwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Goodwood work in a professional occupation. In 2011, 60.7% of the homes in Goodwood were owner-occupied compared with 60.2% in 2016.
Goodwood has 1,718 properties. Over the last 5 years, Houses in Goodwood have seen a 93.91% increase in median value, while Units have seen a 66.42% increase. As at 31 January 2025:
- The median value for Houses in Goodwood is $1,558,864 while the median value for Units is $633,065.
- Houses have a median rent of $600 while Units have a median rent of $478.
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