SOLD
Sold on 24 Oct 2024 for $495,000

302/42-48 Garden Terrace
Mawson Lakes SA 5095

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 92m2
Land area: 20m2
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Property Details for 302/42-48 Garden Tce, Mawson Lakes

302/42-48 Garden Tce, Mawson Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 20m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Mawson Lakes in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
92m2
Land Size
20m2
Local Government
Salisbury
Lot/Plan
F302/C25127

Last Listing description (March 2021)

Thoughtfully equipped and seamlessly designed for a low maintenance lifestyle.
Ideal for busy working people and university students this is a perfect investment for the future. Attracting a healthy weekly rental yield of $390 per week fixed until the 28/2/2021, you know your money is well invested here with a 6.8% (approximate) return!
.

This apartment features an open plan living and meals area perfect for entertaining. The spacious gourmet kitchen, complete with stainless steel appliances, including dishwasher, pantry, loads of cupboard space, double sink and the breakfast bar overlooks this area facilitating an inclusive lifestyle experience.

Points of Interest:
*Wide balcony with views, accessible from open space lounge and bedroom
*Quality tiles feature throughout
Taller and thicker doors, extra downlights and premium tiling in the living area
*Walk-in robes
*Sparkling bathroom with quality fixtures and fittings
*Reverse cycle ducted air-conditioning
*Intercom unit and Secure undercover parking
*Potential tax benefits for investors, high rental demand with almost nil vacancy rate.

Located at the heart of Mawson Lakes and walking distance to bus interchange, train station, shops, cafes/restaurants, the University, family parks & public transport.

Property History for 302/42-48 Garden Tce, Mawson Lakes, SA 5095

A timeline of how this property has performed in the market
Last Sold
$495,000
24 Oct 2024
Listed for Rent
$390/w
01 Apr 2019
  • 24 Oct 2024
    Sold for $495,000
  • 09 Mar 2021
    Sold for $285,000
  • 02 Oct 2019
    Listed for Sale Contact Agent
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About Mawson Lakes 5095

The size of Mawson Lakes is approximately 6.3 square kilometres. It has 47 parks covering nearly 33.1% of total area. The population of Mawson Lakes in 2011 was 10,871 people. By 2016 the population was 13,273 showing a population growth of 22.1% in the area during that time. The predominant age group in Mawson Lakes is 20-29 years. Households in Mawson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mawson Lakes work in a professional occupation. In 2011, 63.4% of the homes in Mawson Lakes were owner-occupied compared with 56.5% in 2016.

Mawson Lakes has 6,548 properties. Over the last 5 years, Houses in Mawson Lakes have seen a 73.79% increase in median value, while Units have seen a 103.02% increase. As at 31 October 2024:

  • The median value for Houses in Mawson Lakes is $863,889 while the median value for Units is $549,745.
  • Houses have a median rent of $600 while Units have a median rent of $550.
There are currently 29 properties listed for sale, and 14 properties listed for rent in Mawson lakes on OnTheHouse. According to CoreLogic's data, 361 properties were sold in the past 12 months in Mawson lakes.

Suburb Insights for Mawson Lakes 5095

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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.