SOLD
Sold on 01 Mar 2024 for $460,000

10/1057 South Road
Melrose Park SA 5039

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 217m2
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Property Details for 10/1057 South Rd, Melrose Park

Building Type
Commercial
Land Size
217m2
Local Government
Mitcham
Lot/Plan
U10/S12687

Last Listing description (March 2024)

Raine & Horne Commercial are pleased to present to the market Unit 10 / 1057 South Road, Melrose Park SA 5039 for sale by Private Treaty.

Located within 9km of Adelaide's CBD, this property is in one of the most highly sought after regions south of Adelaide.

The property comprises of a first floor strata office of approximately 225m2 consisting of 4 spacious offices, private kitchen and features split system air conditioner units in all offices, premises is alarmed and benefits from communal parking at the front and rear of the building. The property is zoned Strategic Employment by The City of Mitcham.

This opportunity provides an ideal entry level investment for an investor or perfect for a small business looking to own a place of their own.

To arrange an inspection please contact Daniel Romeo 0413 383 370

(Any outlines indicative only)
ALL AREAS AND DIMENSIONS ARE APPROXIMATE ONLY AND HAVE NOT BEEN SURVEYED. PROSPECPECTIOVE PRUCAHSERS SHOULD MAKE THEIR OWN ENQUIRES IN REGARDS TO ACCURCY OF ALL DIMEMSIONS

(RLA 205498)

Property History for 10/1057 South Rd, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$460,000
01 Mar 2024
  • 01 Mar 2024
    Sold for $460,000
  • 16 Oct 2023
    Listed for Sale Contact Agent
  • 29 Nov 2012
    Sold for $158,000
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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 1,188 properties. Over the last 5 years, Houses in Melrose Park have seen a 85.10% increase in median value, while Units have seen a 75.91% increase. As at 31 October 2024:

  • The median value for Houses in Melrose Park is $1,081,456 while the median value for Units is $577,253.
  • Houses have a median rent of $580 while Units have a median rent of $400.
There are currently 5 properties listed for sale, and 1 property listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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Raine & Horne Commercial SA
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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.