16-18 Stuart StreetMelrose SA 5483
Property Details for 16-18 Stuart St, Melrose
Last Listing description (December 2022)
Located 3 hours north of Adelaide, nestled in the Southern Flinders Ranges. Melrose is a beautiful town known for its history, bushwalking and mountain bike trails. This is a rare opportunity!
Store 54 (a cafe, service station & general store), a private fully renovated residence, and a tenanted store are all part of the package! Store 54 has a large grocery section, a dining room, outdoor dining area, kitchen & service station. The gift shop next door (Atore) is tenanted.
The private residence is located at the back of the store which you can access from the shop or there is a rear entrance. It features 3 bedrooms and has been tastefully renovated.
Currently returning $66,000
For more information please contact Darren Sherriff on 0418 851 163.
Property History for 16-18 Stuart St, Melrose, SA 5483
- 01 Dec 2022Sold for $625,000
- 18 Sep 2020Listed for Sale $850,000 Walk in Walk out
- 21 May 2015Sold for $187,000
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About Melrose 5483
The size of Melrose is approximately 328.9 square kilometres. It has 2 parks covering nearly 11.1% of total area. The population of Melrose in 2011 was 406 people. By 2016 the population was 349 showing a population decline of 14.0% in the area during that time. The predominant age group in Melrose is 60-69 years. Households in Melrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melrose work in a managers occupation. In 2011, 81.5% of the homes in Melrose were owner-occupied compared with 83% in 2016.
Melrose has 364 properties. Over the last 5 years, Houses in Melrose have seen a 63.53% increase in median value. As at 31 October 2024:
- The median value for Houses in Melrose is $275,894 while the median value for Units is $328,599.
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