OFF MARKET

1 Jose Street
Melrose Park SA 5039

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 178m2
Land area: 690m2
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Property Details for 1 Jose St, Melrose Park

1 Jose St, Melrose Park is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1953. The property has a land size of 690m2 and floor size of 178m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
House
Year Built
1953
Floor Size
178m2
Land Size
690m2
Local Government
Mitcham
Lot/Plan
A7/D5114

Last Listing description (October 2020)

Best Offer By Monday 7th September (unless sold prior) First inspections will be Sat 22nd and Sun 23rd August with times to be advised. However if you cant wait until then and want to buy NOW, we will be holding a VIP twilight inspection this coming Monday night. Please register your interest to attend.
This 50s conventional home on a big block of 690m approx has to be seen to be believed! Being so versatile with so much accommodation and still having so much room to add even more value, its sure to attract loads of interest from a broad spectrum of buyers!
Offering up to 6 bedrooms there is room for the whole extended family. The main home offers 3 bedrooms, separate lounge, open plan kitchen and dining, family bathroom and laundry and outdoor decked undercover entertaining area, while the home unit offers huge open plan living/dining and kitchen, bathroom and 2 further bedrooms. The lined garage separated into two rooms could also potentially be used as a sleepout or teenage retreat (s.t.n.c).

The home has been partially renovated, all the hard work is done, and it has some really nice features including renovated kitchen with island bench and stone tops, renovated main bathroom with double vanity and spa bath and decked undercover entertaining area. The unit is in good condition but could be further enhanced by a full or partial renovation? It really is up to you how far you go with this home. For me, I think there is huge scope here to either turn into a really lovely forever home with room for extended family, teenagers to have their own unit or live in the house and rent out the unit? Or, get in, get it renoed and put in back on the market? This home could bring massive dollars if it was completely finished!
Theres undercover parking with remote lockup roller door, ducted air conditioning and split system air conditioning in the home unit.
In a gorgeous Jacaranda tree lined quiet street, this is sure to be popular.
Close to all amenities and just around the corner from Castle Plaza Shopping Centre. Close to Flinders Uni and Hospital so why not exp[lore the possabilities of student accommodation. I think this home is a potential Gold Mine, you just have to be clever how to turn it into one. Good luck, Ill see you at the opens.

Property History for 1 Jose St, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$670,000
08 Oct 2020
Listed for Rent
$400/w
15 Mar 2019
  • 08 Oct 2020
    Sold for $670,000
  • 14 Aug 2020
    Listed for Sale $650,000
  • 12 Mar 2019
    Listed for Rent - Price not available
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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016.

Melrose Park has 1,192 properties. Over the last 5 years, Houses in Melrose Park have seen a 79.62% increase in median value, while Units have seen a 81.30% increase. As at 30 November 2024:

  • The median value for Houses in Melrose Park is $1,057,787 while the median value for Units is $588,204.
  • Houses have a median rent of $598 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 1 property listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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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.