OFF MARKET

7/16 Buller Street
Kingscote SA 5223

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 86m2
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Property Details for 7/16 Buller St, Kingscote

7/16 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 86m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in December 2016.

Building Type
Unit
Year Built
1985
Floor Size
60m2
Land Size
86m2
Local Government
Kangaroo Island
Lot/Plan
U7/S10667

Last Listing description (January 2017)

Central to the main shopping precinct and foreshore, this unit in Kingscote is a ready made investment opportunity.
The configuration of the unit is 2 bedrooms, both with built in robes, and the second bedroom has direct access to the bathroom. Open plan living incorporates the kitchen, dining and lounge.
Offered for sale on a walk in walk out basis, inclusive of all furniture.

This particular unit is one of only 2 that is independent from the total group of 8 units. It is the only unit that directly adjoins the common BBQ area, and for the most, is predominantly for this unit 7.
Each unit has entitlement to 1 under cover car park and the unit owners and tenants have access to a common laundry space.
Currently tenanted at $165 per week, providing a gross return over 7%, somewhat better than bank interest!

Property History for 7/16 Buller St, Kingscote, SA 5223

A timeline of how this property has performed in the market
Last Sold
$105,000
05 Dec 2016
Listed for Rent
$165/w
02 Jun 2016
  • 05 Dec 2016
    Sold for $105,000
  • 27 Aug 2016
    Listed for Sale Not Disclosed
  • 07 Mar 2016
    Listed for Rent $165 / week
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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.
There are currently 20 properties listed for sale, and 1 property listed for rent in Kingscote on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Kingscote.

Suburb Insights for Kingscote 5223

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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.