SOLD
RECENT ADVICE
Sold on 06 Sep 2024 for $1,590,000

341 Devon Road
Lower Light SA 5501

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Land area: 75ac
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Property Details for 341 Devon Rd, Lower Light

341 Devon Rd, Lower Light is a 6 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 75ac. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 6 bedroom House sold in Lower Light in the last 12 months.

Building Type
House
Land Size
75ac
Local Government
Mallala
Lot/Plan
S348/H140800

Last Listing description (September 2024)

2 RESIDENCES ON 75 ACRES

Located approx. 4km from the Port Wakefield Highway and 10km North West of Two Wells, this property opens up some opportunities.

Comprising a total of 75 acres or 30.35 hectares is this property that has 2 residences plus shedding and a shearing shed.

The 75 acres has approx. 53 acres arable with balance of 22 acres being used for the improvements including 2 houses, shedding and non arable land.

The residences being used currently are:

Main Residence
- 3 bedrooms - main access into the main bathroom
- Large lounge at the front of house with s/c heater
- Dining area
- Updated kitchen with dishwasher
- Second bathroom area
- Second family room
- Great outdoor entertaining area
- House has had the benefit of some renovations to it to date
- Currently tenanted until 1st July 2027 at the rate of $300.00 per week with CPI increases each year.

Second Residence
- 3 bedrooms
- Lounge area
- Kitchen meals area
- Undercover area at the rear of the house
- Currently rented on a periodic lease of $1,000 per month which includes power usage

The other improvements on the property include machinery shedding, a basic shearing shed with some other smaller shedding also.

It is currently share farmed for 2024 with the arable part not available until the completion of the cropping program. The zoning of the property is Rural Horticulture.

With its versability and accessibility to markets like Dublin or Pooraka it may create opportunities to utilise the land and benefit from the proximity to these markets.

Inspection will be by appointment but with a range of options available its one that won't take long.

For sale by EOI - Expressions of Interest closing 1:00pm Friday August 9th 2024 - USP unless sold prior.

All information contained herein is gathered from sources deemed to be reliable. However, we cannot guarantee its accuracy and interested persons should seek their own enquiries.

Property History for 341 Devon Rd, Lower Light, SA 5501

A timeline of how this property has performed in the market
Last Sold
$1,590,000
06 Sep 2024
  • 30 Oct 2024
    Sold for $950,000
  • 30 Oct 2024
    Sold for $1,590,000

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About Lower Light 5501

The size of Lower Light is approximately 170.6 square kilometres. It has 3 parks covering nearly 0.6% of total area. The population of Lower Light in 2011 was 376 people. By 2016 the population was 179 showing a population decline of 52.4% in the area during that time. The predominant age group in Lower Light is 60-69 years. Households in Lower Light are primarily couples with children and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Lower Light work in a managers occupation. In 2011, 71.1% of the homes in Lower Light were owner-occupied compared with 85.5% in 2016..

Lower Light has 196 properties. Over the last 5 years, Houses in Lower Light have seen a 107.37% increase in median value. As at 31 October 2024:

  • The median value for Houses in Lower Light is $864,412.
There are currently 3 properties listed for sale, and no properties listed for rent in Lower light on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Lower light.

Suburb Insights for Lower Light 5501

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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.