SOLD
Sold on 01 Nov 2024 for $500,000

4/24 Reservoir Road
Hope Valley SA 5090

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 251m2
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Property Details for 4/24 Reservoir Rd, Hope Valley

4/24 Reservoir Rd, Hope Valley is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 251m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Hope Valley in the last 12 months.

Building Type
Unit
Year Built
1987
Floor Size
73m2
Land Size
251m2
Local Government
Tea Tree Gully
Lot/Plan
U4/S7430

Last Listing description (November 2024)

*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://shorturl.at/APIFv

To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/

Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market this low-maintenance 2-bedroom unit, nestled at the back of the complex for added peace and privacy. Boasting ducted reverse air-conditioning throughout, a large backyard, and close proximity to Westfield Tea Tree Plaza, Berri Reserve and hiking trails, this property offers the perfect blend of comfort and convenience for first-home buyers, downsizers and investors alike. Currently tenanted with a fixed lease of $740 per fortnight in place until 21/11/2024.

Step into a world of tranquility as lush landscaped gardens and a welcoming porch greet you. The spacious lounge room, adorned with a charming pendant light, French windows and plush carpet, sets the tone for comfortable living. An inviting archway leads you to the combined kitchen and meals area, perfect for entertaining friends and family.

The galley kitchen come complete with electric appliances, a double sink, ample storage, and a breakfast bar for casual feasts. Sliding doors to the outdoor verandah provide easy access to alfresco dining and relaxation.

Two bedrooms offer comfortable accommodation for the residents, including a master with a mirrored built-in robe and ceiling fan. The central bathroom features a step-in shower, soaking tub, vanity, and toilet, while the laundry includes a linen cupboard, trough, and external access.

Outside, an expansive verandah provides a shaded outdoor retreat. A surprisingly spacious backyard features a shed, a sunny patio area, and a rainwater tank. The single garage with an automatic roller door offers secure parking.

Key features you'll love about this home:
- Ducted reverse cycle air-conditioning throughout
- Alarm system and security doors with a privacy screen
- Master bedroom with mirrored built-in robe and ceiling fan
- Rear verendah for all-weather outdoor entertaining
- Single garage with an automatic roller door
- Separate shed for additional storage
- Rainwater tank
- Clothes dryer, outdoor setting and fridge are included in the sale

Located in a convenient and family-friendly neighborhood, this property offers easy access to local amenities. The bus stop and Berri Reserve are just steps away from your front door and you can walk to Modbury Hospital. Enjoy nearby hiking trails, and be close to schools like Modbury South Primary and Modbury High School. Westfield Tea Tree Plaza, Modbury Triangle, and Hope Valley Shopping Centre are just a short drive away, offering a variety of shopping and dining options. And for those who need to commute, the Adelaide CBD is only a 25-minute drive away.

Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect!

Year Built / 1987 (approx)
Land Size / TBA
Frontage / TBA
Zoning / GN-General Neighbourhood
Local Council / City of Tea Tree Gully
Council Rates / $1,471.65 pa (approx)
Water Rates (excluding Usage) / $86.95 pa (approx)
Es Levy / $98.5 pa (approx)
Current Rental / Fixed lease of $740per fortnight until 21/11/2024
Estimated Rental / $420-$460per week
Title / Strata Title 5008/685
Strata Rates / Adelaide Strata Management - $2,633.20pa (approx)
Easement(s) / Nil
Encumbrance(s) / Nil
Internal Living / 59.3sqm (approx)
Total Building / 116.2sqm (approx)
Construction / Brick Veneer
Gas / Not Connected
Sewerage / Mains
Selling Investment

For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/gaRQ8a

If this property is to be sold via Auction, the Vendors Statement (Form 1) may be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts.

Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

Property History for 4/24 Reservoir Rd, Hope Valley, SA 5090

A timeline of how this property has performed in the market
Last Sold
$500,000
01 Nov 2024
  • 01 Nov 2024
    Sold for $500,000
  • 03 Sep 2024
    Listed for Sale Sold by Mike Lao!
  • 27 Sep 2004
    Sold for $170,000

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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 3,297 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 14 properties listed for sale, and no properties listed for rent in Hope valley on OnTheHouse. According to CoreLogic's data, 161 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.