OFF MARKET

1 Waratah Avenue
Marion Bay SA 5575

Bedrooms: 14
Bathrooms: 14
Car spaces: 1
Floor area: 8000m2
Land area: 810m2
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Property Details for 1 Waratah Ave, Marion Bay

Building Type
Commercial
Year Built
1993
Floor Size
8000m2
Land Size
810m2
Local Government
Yorke Peninsula
Lot/Plan
S1027/H131500

Last Listing description (January 2018)

2 one bedroom villas, plus 6 2BR villas, all reduced in price due to my failing ill health and age (80years). We have 6 yrs of rental history to show a great return and the latest taxation figures show over $160,000 gross income.
The property has been well maintained by the local owner and no expense has been spared to keep them in tip top shape after they were built in 1990.
We are just over a 3 hour drive from Adelaide, and Marion Bay has all the local facilities for a buyer of any age.

The Villas are situated in the most beautiful part of the Southern Yorke Peninsula and is just 5kms from the Innes National park which attracts over 250,000 visitors a year. There is a current proposal to spend $5m on upgrading this park, so we will certainly get more visitors, not less. There are famous surfing beaches, all kinds if fishing and wonderful walking trails.

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Property History for 1 Waratah Ave, Marion Bay, SA 5575

A timeline of how this property has performed in the market
Last Sold
$850,000
07 Feb 2011
  • 20 Jan 2016
    Listed for Sale Not Disclosed
  • 03 Apr 2012
    Listed for Sale $169,500 (1BR) & $179,500 (2BR)
  • 07 Feb 2011
    Sold for $850,000
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About Marion Bay 5575

The size of Marion Bay is approximately 301.3 square kilometres. It has 2 parks covering nearly 13.9% of total area. The population of Marion Bay in 2011 was 242 people. By 2016 the population was 153 showing a population decline of 36.8% in the area during that time. The predominant age group in Marion Bay is 50-59 years. Households in Marion Bay are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Marion Bay work in a managers occupation. In 2011, 75.2% of the homes in Marion Bay were owner-occupied compared with 70.8% in 2016.

Marion Bay has 573 properties. Over the last 5 years, Houses in Marion Bay have seen a 155.82% increase in median value, while Units have seen a 154.78% increase. As at 31 October 2024:

  • The median value for Houses in Marion Bay is $532,856 while the median value for Units is $312,585.
There are currently 8 properties listed for sale, and no properties listed for rent in Marion bay on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Marion bay.

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