SOLD
Sold on 26 Aug 2024 for $640,000

4/10 Tusmore Avenue
Leabrook SA 5068

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 163m2
Sold By
Toop & Toop Norwood
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Property Details for 4/10 Tusmore Ave, Leabrook

4/10 Tusmore Ave, Leabrook is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 163m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Leabrook in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
95m2
Land Size
163m2
Local Government
Burnside
Lot/Plan
U4/S2695

Last Listing description (October 2024)

Best Offers By Tuesday, 6th August BY 2PM (USP)

Nestled in the serene and highly sought-after suburb of Leabrook, 4/10 Tusmore Avenue presents an unparalleled investment and living opportunity. This delightful unit stands as an epitome of low-maintenance living, with features that promise both immediate and long-term financial rewards for astute investors.

Comprising two spacious bedrooms bathed in natural light, this property offers a warm and inviting atmosphere, ideal for individuals seeking comfort and convenience. The open-plan living and dining area, complemented by a functional kitchen, facilitates an easy living lifestyle. The separate laundry room, undercover carport parking for one vehicle, and a peaceful neighbourhood setting further enhance the property's appeal.

One of the prime attractions of this investment is its location in Leabrook, a suburb renowned for its leafy streets and close proximity to Adelaide's CBD, prestigious schools, and an array of shopping and dining options. The area's high desirability among families, professionals, and retirees is a testament to its stable tenancy rates and this property's gross yield of 4.2%.

The unit's compact design ensures minimal upkeep, translating to reduced maintenance costs and maximising your return on investment. The current tenancy until 30/5/25 guarantees immediate rental income, allowing for a seamless addition to any property portfolio.

Furthermore, the evolving property market in Leabrook indicates strong capital growth potential. Historical data from this location shows a consistent uptrend in property values, suggesting that 4/10 Tusmore Avenue is poised to appreciate over time, delivering substantial capital gains to the discerning investor.

Individuals are likely to find the blend of modern amenities and tranquil living space highly appealing. The airy interiors, combined with a small but meticulously maintained outdoor area, provide a perfect setting for those seeking a harmonious work-life balance. Easy access to public transport and essential services adds to the convenience, ensuring tenant satisfaction and retention.

With its combination of immediate rental income, low-maintenance living, and promising capital growth, this property stands out as a compelling choice for investors aiming to maximise their returns in a flourishing real estate market. Don't miss this golden opportunity to secure a high-yielding, future-proof asset.

FEATURES:
- Attractive gross yield of 4.2%
- 2 spacious bedrooms
- Abundance of natural light throughout
- Undercover parking for 1 vehicle
- Separate laundry room
- Polished floorboards
- Large open-plan living space
- Reverse cycle air-conditioning wall unit
- Solid brick
- Gas heating
- Outdoor blinds
- Modern kitchen
- Private courtyard

LOCATION:
- Prime eastern suburb's location on established avenue
- Stroll to Sloth Cafe or Rustic Gourmet for your morning coffee
- Wine and dine at the Feathers Hotel
- Walking distance to Marryatville Shopping Centre
- Close to Burnside Village
- Minutes to Adelaide CBD and universities

SCHOOL ZONES:
- Zoned for Marryatville and Burnside Primary Schools
- Zoned for Norwood International High School
- Close to some of Adelaide's most elite private schools including St Peter's Girls' School and Pembroke School

Property History for 4/10 Tusmore Ave, Leabrook, SA 5068

A timeline of how this property has performed in the market
Last Sold
$640,000
26 Aug 2024
Listed for Rent
$300/w
31 Jan 2017
  • 26 Aug 2024
    Sold for $640,000
  • 17 Jul 2024
    Listed for Sale $590,000 - $650,000
  • 17 Oct 2016
    Listed for Rent $300 / week
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About Leabrook 5068

The size of Leabrook is approximately 0.6 square kilometres. It has 4 parks covering nearly 2.6% of total area. The population of Leabrook in 2011 was 1,554 people. By 2016 the population was 1,588 showing a population growth of 2.2% in the area during that time. The predominant age group in Leabrook is 70-79 years. Households in Leabrook are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Leabrook work in a professional occupation. In 2011, 64.5% of the homes in Leabrook were owner-occupied compared with 60.7% in 2016.

Leabrook has 626 properties. Over the last 5 years, Houses in Leabrook have seen a 60.61% increase in median value, while Units have seen a 63.13% increase. As at 30 November 2024:

  • The median value for Houses in Leabrook is $2,159,674 while the median value for Units is $656,818.
  • Houses have a median rent of $875 while Units have a median rent of $430.
There are currently 2 properties listed for sale, and 1 property listed for rent in Leabrook on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Leabrook.

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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.