OFF MARKET

5/7 Railway Terrace
Karoonda SA 5307

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Floor area: 130m2
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Last updated 18 Nov 2024
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Property Details for 5/7 Railway Tce, Karoonda

5/7 Railway Tce, Karoonda is a 3 bedroom, 1 bathroom House with 6 parking spaces. The property has a floor size of 130m2.

Building Type
House
Floor Size
130m2
Local Government
Karoonda East Murray

Last Listing description (July 2018)

5, 7 and 9 Karoonda Hwy is located in a prominent position on the South Western entrance to Karoonda.
Karoonda is 60km East of Tailem Bend and 30 minutes travelling time and ideally located to take advantage of opportunities that may present from the SA Motorsport park. The property has high traffic exposure and Karoonda is the last fuel Stop for 105 Km if heading to Loxton or 75km to Murray Bridge.
This prime site offers flexibility for a number of pursuits. Currently operating as the local fuel supply outlet with plenty of room to expand, currently supplying Diesel, unleaded and gas along with a small line of auto accessories. The name Karoonda Fuel Stop will pass with the freehold sale of the land and improvements.

There is an attached 3 bedroom home for those wishing to live on site, or as previously used for contract work accommodation or week-end accommodation to cater for the expected influx of visitors to the Tailem Bend Motor Sport Park.

There is a 120 sqm front showroom, office and lunchroom that could be leased or converted to create extra accommodation, and a 195sqm of hard stand warehousing, with loading dock and pallet racking plus lockable cages
The workshop/garage has been closed for a few years but offers an excellent opportunity to the mechanical minded person to re-open and complement the existing Fuel stop. The garage could also be used for either vehicle/caravan/boat storage or for the motoring enthusiast with its near location to Tailem Bend.
Extra income producing areas include Laundromat- and adjoining 65sqm consultancy room currently leased to a local therapist.

5, 7 and 9 Karoonda Hwy is sited on 3 titles with 2,528sqm of land providing secure off road parking.
Price $330,000 as a whole, will negotiate on separate titles

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Property History for 5/7 Railway Tce, Karoonda, SA 5307

A timeline of how this property has performed in the market
  • 09 May 2018
    Listed for Sale $330,000

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About Karoonda 5307

The size of Karoonda is approximately 689 square kilometres. It has 1 park. The population of Karoonda in 2011 was 571 people. By 2016 the population was 499 showing a population decline of 12.6% in the area during that time. The predominant age group in Karoonda is 60-69 years. Households in Karoonda are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Karoonda work in a managers occupation. In 2011, 69.8% of the homes in Karoonda were owner-occupied compared with 71.8% in 2016.

Karoonda has 522 properties. Over the last 5 years, Houses in Karoonda have seen a 88.03% increase in median value. As at 31 October 2024:

  • The median value for Houses in Karoonda is $260,867.
  • Houses have a median rent of $200.
There are currently 2 properties listed for sale, and no properties listed for rent in Karoonda on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Karoonda.

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