57-59 Main StreetLobethal SA 5241
Property Details for 57-59 Main St, Lobethal
57-59 Main St, Lobethal is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1890. The property has a land size of 905m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last transferred in August 2024.
Last Listing description (February 2017)
IDEALLY LOCATED IN THE HEART OF THE POPULAR HILLS TOWNSHIP OF LOBETHAL 57-59 MAIN STREET OFFERS A UNIQUE OPPORTUNITY FOR PURCHASERS SEEKING A HIGH RETURN INVESTMENT PROPERTY WITH LONG TERM TENANTS ALREADY IN PLACE. BUILT IN 1890 THIS ATTRACTIVE SYMMETRICAL COTTAGE WAS ORIGINALLY ONE HOME BUT HAS BEEN CLEVERLY SEPARATED INTO TOW INDIVIDUAL UNITS WITH INDIVIDUAL POWER METRES FOR EACH HOME. BOTH HOMES OFFER TWO LARGE BEDROOMS, LARGE LIVING ROOMS, WELL EQUIPPED KITCHENS AND ONE BATHROOM. TALL CEILINGS, TIMBER FLOORING AND COTTAGE WINDOWS ARE TRADEMARKS OF THE HOMES ERA WHILE THERE IS GARAGING FOR EACH HOME WITH EASY REAR ACCESS. ZONED BUSINESS CENTRE THE PROPERTY CAN BE USED FOR RESIDENTIAL OR BUSINESS PURPOSES (SUBJECT TO NECESSARY CONSENTS). SET ON A LARGE 1186 SQUARE METRE ALLOTMENT AND WITH THE HOMES SEPARATELY ADDRESSED AS 57 & 59 MAIN STREET THERE MAY BE POTENTIAL TO SUBDIVIDE THE HOMES INTO TWO SEPARATE STRATA/COMMUNITY TITLES AGAIN SUBJECT TO ALL CONSENTS. BETTER THAN MONEY IN THE BANK THIS PROPERTY RETURNS $500 PER WEEK IN RENTAL WHICH EQUATES TO A 6.34% RETURN ON INVESTMENT. IF YOU ARE SEEKING A HIGH YIELDING RENTAL PROPERTY YOU WONT FIND BETTER THAN 57-59 MAIN STREET, LOBETHAL. INSPECTION HIGHLY RECOMMENDED!
Property History for 57-59 Main St, Lobethal, SA 5241
- 30 Aug 2024Transferred for $250,000
- 20 Feb 2020Transferred
- 17 Mar 2017Sold for $398,000
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About Lobethal 5241
The size of Lobethal is approximately 27.9 square kilometres. It has 12 parks covering nearly 4.4% of total area. The population of Lobethal in 2011 was 2,345 people. By 2016 the population was 2,528 showing a population growth of 7.8% in the area during that time. The predominant age group in Lobethal is 50-59 years. Households in Lobethal are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lobethal work in a trades occupation. In 2011, 78.3% of the homes in Lobethal were owner-occupied compared with 78.6% in 2016.
Lobethal has 1,322 properties. Over the last 5 years, Houses in Lobethal have seen a 73.97% increase in median value, while Units have seen a 83.95% increase. As at 31 July 2024:
- The median value for Houses in Lobethal is $698,202 while the median value for Units is $506,854.
- Houses have a median rent of $513.
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