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Sold on 24 Sep 2024 - Price Unavailable

53 Garden Terrace
Lockleys SA 5032

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 929m2
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Property Details for 53 Garden Tce, Lockleys

53 Garden Tce, Lockleys is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 929m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 8 bedroom BlockOfUnits sold in Lockleys in the last 12 months.

Building Type
BlockOfUnits
Land Size
929m2

Last Listing description (September 2024)

Currently returning $80,860 per year, with four excellent fixed term tenants.

Set on a generous 929sqm Torrents Titled allotment featuring four solid brick two bedroom units, each with its own outdoor courtyard and allocated undercover carport. Three of the four units have been updated internally, and been well looked after by the tenants. With all the hard work done providing a solid long term investment.

Located within the highly desired leafy suburb of Lockleys, this unique investment opportunity provides an exciting prospect for those savvy investors. Situated in a tree lined street, and set just a short stroll to the Torres Linear Park trail. With easy access to some of Adelaide's best beaches, and back into the CBD this central location ticks all the boxes.

Features of the units:

- Open plan living area.
- Dedicated meals area off of the kitchen.
- Kitchens includes updated cabinets with a freestanding oven & cooktop.
- Bedroom 1
- Bedroom 2
- Bathroom includes a bath / shower combo with a vanity and toilet.
- Separate laundry room.
- Outdoor patio.
- Undercover carport.
- Use of the common lawn area at the front, with added space in the rear.
- Solid timber flooring.
- Split system aircon unit.
- Window treatments.

Unit 1: Leased at $410 p.w until December 2025
Unit 2: Leased at $400 p.w until July 2025
Unit 3: Leased at $385 p.w until March 2025
Unit 4: Leased at $360 p.w until April 2025

Council Rates - $4590.60 per year
SA Water & Sewer Connections - $3870.08 per year
Emergency Services - $202 per year

Whether as a first time investment, self-managed super fund or to add to your portfolio this is an opportunity not to be missed.

Contact Agents for further information.

RLA183205

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Property History for 53 Garden Tce, Lockleys, SA 5032

A timeline of how this property has performed in the market
Last Sold
24 Sep 2024
  • 24 Sep 2024
    Sold for $1,800,000
  • 27 Aug 2024
    Listed for Sale CONTACT AGENTS
  • 19 Jun 2018
    Listed for Sale Not Disclosed

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About Lockleys 5032

The size of Lockleys is approximately 3.1 square kilometres. It has 10 parks covering nearly 28.9% of total area. The population of Lockleys in 2011 was 5,449 people. By 2016 the population was 5,621 showing a population growth of 3.2% in the area during that time. The predominant age group in Lockleys is 50-59 years. Households in Lockleys are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lockleys work in a professional occupation. In 2011, 72.7% of the homes in Lockleys were owner-occupied compared with 74.6% in 2016.

Lockleys has 2,691 properties. Over the last 5 years, Houses in Lockleys have seen a 83.36% increase in median value, while Units have seen a 87.89% increase. As at 28 February 2025:

  • The median value for Houses in Lockleys is $1,283,895 while the median value for Units is $560,751.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Lockleys on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Lockleys.

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Anthony Fahey
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Samuel Parsons
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Ray White Henley Beach
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