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Sold on 14 Oct 2024 for $541,800

2/1 Gum Tree Drive
Hope Valley SA 5090

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 99m2
Land area: 257m2
Sold By
-Arch Real Estate
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Property Details for 2/1 Gum Tree Dr, Hope Valley

2/1 Gum Tree Dr, Hope Valley is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1983. The property has a land size of 257m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Hope Valley in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
99m2
Land Size
257m2
Local Government
Tea Tree Gully
Lot/Plan
U2/S5613

Last Listing description (November 2024)

This home is a work of Arch

To Make An Offer - https://prop.ps/l/55m88hO0wjZv

This charming unit combines space and comfort in a well-maintained complex of just four residences. Tucked away in a quiet corner, it features a generously sized, fully fenced garden with a large shed for ample storage. The property sits on a 257 sqm block, which is notably larger than most units, offering more outdoor space and privacy.

Inside, the unit impresses with updated flooring and fresh paint throughout, creating a modern and inviting atmosphere. The kitchen is equipped with new, higher-end appliances and offers a large dining area, complemented by a good-sized lounge. The space is further enhanced by sliding doors that open onto the spacious garden, perfect for entertaining or relaxing.

The unit includes two well-sized bedrooms, each with built-in robes, and a newly renovated bathroom with both a shower and a bath. For year-round comfort, the home features ducted evaporative heating and cooling.

Additional features include:

- A revamped entertainment area with a spacious pergola and wind blockers, creating a sheltered and enjoyable outdoor space.

- The unit offers a dedicated laundry room and plenty of built-in storage.

- The garage includes an automatic roller door, rear access, and extra parking space for a caravan or boat.

This property is ideal for investors, those looking to downsize, or first-time buyers, offering a blend of modern convenience and versatile living options. Its generous size, both inside and out, ensures a comfortable and enjoyable living experience, making it a standout choice in the market.

Dwelling Size: 99 SQM
Year Built: 1983?
Unit Lot Entitlement: 257 SQM
Strata Fees: $533 PQ
Council: Tea Tree Gully?
Council Rates: $1448 PA

Property History for 2/1 Gum Tree Dr, Hope Valley, SA 5090

A timeline of how this property has performed in the market
Last Sold
$541,800
14 Oct 2024
  • 14 Oct 2024
    Sold for $541,800
  • 13 Sep 2024
    Listed for Sale Under Contract
  • 10 Aug 2016
    Sold for $255,000
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About Hope Valley 5090

The size of Hope Valley is approximately 5.1 square kilometres. It has 23 parks covering nearly 35% of total area. The population of Hope Valley in 2011 was 7,639 people. By 2016 the population was 7,885 showing a population growth of 3.2% in the area during that time. The predominant age group in Hope Valley is 60-69 years. Households in Hope Valley are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hope Valley work in a professional occupation. In 2011, 67.9% of the homes in Hope Valley were owner-occupied compared with 65.2% in 2016.

Hope Valley has 3,300 properties. Over the last 5 years, Houses in Hope Valley have seen a 89.83% increase in median value, while Units have seen a 101.51% increase. As at 31 October 2024:

  • The median value for Houses in Hope Valley is $789,451 while the median value for Units is $542,701.
  • Houses have a median rent of $580 while Units have a median rent of $445.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Hope valley on OnTheHouse. According to CoreLogic's data, 160 properties were sold in the past 12 months in Hope valley.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.