1/16 Buller StreetKingscote SA 5223
Property Details for 1/16 Buller St, Kingscote
1/16 Buller St, Kingscote is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 93m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (October 2021)
An excellent opportunity presents with this tastefully decorated 2 bedroom brick apartment, located near to the centre of Kingscote.
Its is the perfect property for a multitude of buyers, including a terrific entry level for the first home buyer, rental investor or holiday home operator!
Offered on a walk in walk out basis (with some minor exceptions), the property provides low maintenance living with long term tenant options commonly attracting a current market weekly rental of approximately $170 per week rent, (6.8% gross return). Holiday letting also provides a lucrative option, and once we navigate through the Covid-19 period, we are expecting local state travel and interstate travel to KI to be high on people's radar!
Just metres to the foreshore and easy walk to the main street of Kingscote, this unit is fully furnished, with most furniture items updated, together with a recent bathroom renovation in the past few years.
Quality brick veneer construction & nicely positioned at the front of the small group of 8, with each unit having their own carport space and a communal laundry room. Both bedrooms have built in robes and there is a small secured back yard.
Here at Century 21 on Kangaroo Island can assist you with managing the permanent rental with 2 full time staff dedicated to rental managements.
For more information and to arrange an inspection, please contact long term resident selling agent Michael Barrett at Century 21 on Kangaroo Island, 0427 727 333 anytime.
Property History for 1/16 Buller St, Kingscote, SA 5223
- 29 Sep 2020Sold for $129,500
- 06 May 2020Listed for Sale $129500
- 02 Mar 2019Listed for Sale $125,000 to $137,500
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About Kingscote 5223
The size of Kingscote is approximately 18.2 square kilometres. It has 21 parks covering nearly 3.8% of total area. The population of Kingscote in 2011 was 2,032 people. By 2016 the population was 1,820 showing a population decline of 10.4% in the area during that time. The predominant age group in Kingscote is 50-59 years. Households in Kingscote are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingscote work in a labourer occupation. In 2011, 66.6% of the homes in Kingscote were owner-occupied compared with 64.3% in 2016.
Kingscote has 1,724 properties. Over the last 5 years, Houses in Kingscote have seen a 84.62% increase in median value, while Units have seen a 27.01% increase. As at 31 October 2024:
- The median value for Houses in Kingscote is $469,916 while the median value for Units is $290,184.
- Houses have a median rent of $400 while Units have a median rent of $185.
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