SOLD
Sold on 04 Jan 2024 for $74,000

Randell Street
Mannum SA 5238

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 29m2
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Property Details for Lot 428 Randell St, Mannum

Building Type
Commercial
Land Size
29m2
Local Government
Mid Murray
Lot/Plan
A428/F208804

Last Listing description (November 2023)

To enquire, please email or call 1300 815 051 and enter code 5975

Perfectly located Investment in this popular River Murray Township.

Brand new 5-year lease starting from 1st Dec 2022 with 3% yearly increases.
Rental Income of $7,150 per annum provides approx. 7% return on the asking price after outgoings.
Freehold Torrens title of approx. 32 m2 with approx. 4.2 metres frontage to the main street.
Invest in Mannum, this popular holiday and retirement town less than 100km from Adelaide on the mighty River Murray.
Low maintenance investment property.

To enquire, please email or call 1300 815 051 and enter code 5975

Property History for Lot 428 Randell St, Mannum, SA 5238

A timeline of how this property has performed in the market
Last Sold
$74,000
04 Jan 2024
  • 04 Jan 2024
    Sold for $74,000
  • 26 May 2023
    Listed for Sale $79,800
  • 02 Aug 2021
    Sold for $82,000
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About Mannum 5238

The size of Mannum is approximately 256.3 square kilometres. It has 22 parks covering nearly 0.2% of total area. The population of Mannum in 2011 was 2,567 people. By 2016 the population was 2,651 showing a population growth of 3.3% in the area during that time. The predominant age group in Mannum is 60-69 years. Households in Mannum are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mannum work in a trades occupation. In 2011, 70.5% of the homes in Mannum were owner-occupied compared with 68.3% in 2016.

Mannum has 2,554 properties. Over the last 5 years, Houses in Mannum have seen a 93.79% increase in median value, while Units have seen a 123.14% increase. As at 30 November 2024:

  • The median value for Houses in Mannum is $479,627 while the median value for Units is $371,673.
  • Houses have a median rent of $450.
There are currently 75 properties listed for sale, and 7 properties listed for rent in Mannum on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Mannum.

Suburb Insights for Mannum 5238

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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.