53 Garden TerraceLockleys SA 5032
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.
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
Property History for 53 Garden Tce, Lockleys, SA 5032
- 24 Sep 2024Sold for $1,800,000
- 27 Aug 2024Listed for Sale CONTACT AGENTS
- 19 Jun 2018Listed for Sale Not Disclosed
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0About 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 2,688 properties. Over the last 5 years, Houses in Lockleys have seen a 78.95% increase in median value, while Units have seen a 84.89% increase. As at 30 November 2024:
- The median value for Houses in Lockleys is $1,241,059 while the median value for Units is $555,759.
- Houses have a median rent of $650 while Units have a median rent of $445.
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