OFF MARKET

6 Margaret Street
Kingscote SA 5223

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 84m2
Land area: 709m2
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Property Details for 6 Margaret St, Kingscote

6 Margaret St, Kingscote is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 709m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1960
Floor Size
84m2
Land Size
709m2
Local Government
Kangaroo Island
Lot/Plan
A199/D8161

Last Listing description (August 2023)

First home buyers take note! Here is your sensational opportunity to get into the real estate market with this affordable entry level home. Offering 3 good sized bedrooms and polished flooring, the property presents with enormous potential to 'shape as you wish'! Don't hesitate! Make this your new home! This comfortable and affordable home, circa 1960, is the ideal start for the first home buyer, or rental investor looking at the more basic real estate end of the market.

Whilst in need of some restoration works, this property is currently tenanted for $230 per week. With the rental market being tight for opportunity, there is merit in buying instead of renting. The floor plan provides separate areas for living, a reverse cycle split system in the lounge makes warming and cooling easy with the push of a button.

To the rear there is a large enclosed yard, ideal for pets or safe place for kids to play. Located towards the top of town within an easy walk to school, shops, oval and foreshore.

To arrange a viewing contact resident selling agents at Century 21 on Kangaroo Island, Michael Barrett on 0427 727 333 or Lili Barrett on 0459 393 514 to make a time to inspect.

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Property History for 6 Margaret St, Kingscote, SA 5223

A timeline of how this property has performed in the market
Last Sold
$240,000
24 Aug 2023
Listed for Rent
$210/w
22 Apr 2021
  • 24 Aug 2023
    Sold for $240,000
  • 20 Jul 2023
    Listed for Sale UNDER CONTRACT/OFFER
  • 22 Apr 2021
    Listed for Rent - Price not available
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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 1,725 properties. Over the last 5 years, Houses in Kingscote have seen a 84.04% increase in median value, while Units have seen a 46.76% increase. As at 30 November 2024:

  • The median value for Houses in Kingscote is $488,222 while the median value for Units is $129,384.
  • Houses have a median rent of $400 while Units have a median rent of $185.
There are currently 22 properties listed for sale, and no properties listed for rent in Kingscote on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Kingscote.

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