OFF MARKET

5 Margaret Court
Melrose Park SA 5039

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 84m2
Land area: 734m2
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Property Details for 5 Margaret Ct, Melrose Park

5 Margaret Ct, Melrose Park is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 734m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in July 2016.

Building Type
House
Year Built
1950
Floor Size
84m2
Land Size
734m2
Local Government
Mitcham
Lot/Plan
A10/D4349

Last Listing description (January 2017)

Sited on an allotment of 744sqm (approx), in a quiet cul-de-sac location, close to local amenities.
This neat and tidy home offers:

*Generous rooms
*Polished boards
*Good natural light throughout.
Very liveable as is, the home would respond well to further upgrading and there is plenty of room to extend if so desired (subject to Council consents).
Would suit a first home buyer or investor with intentions to improve the property over time.
Council: City of Mitcham
Council Rates: $1,110.61 per annum
SA Water: $182.63 per quarter
Land Size: 744sqm (approx)
Year Built: 1950
Zoning: R(CP)12

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Property History for 5 Margaret Ct, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$395,000
08 Jul 2016
  • 08 Jul 2016
    Sold for $395,000
  • 20 May 2016
    Listed for Sale $360,000

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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 1,181 properties. Over the last 5 years, Houses in Melrose Park have seen a 73.83% increase in median value, while Units have seen a 69.82% increase. As at 30 September 2024:

  • The median value for Houses in Melrose Park is $1,070,122 while the median value for Units is $562,706.
  • Houses have a median rent of $585 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Melrose park.

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