SOLD
Sold on 17 May 2024 for $207,000

3/7 Bonshor Street
Millicent SA 5280

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 124m2
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Property Details for 3/7 Bonshor St, Millicent

3/7 Bonshor St, Millicent is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 124m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Millicent in the last 12 months.

Building Type
Unit
Year Built
1977
Floor Size
70m2
Land Size
124m2
Local Government
Wattle Range
Lot/Plan
U3/S12350

Last Listing description (November 2023)

Escape the rent cycle and embrace the opportunity to own your own property with this affordable gem nestled in a block of four units. With a fresh and bright interior, this residence boasts remodeled front yard near new carpet in the living room and updated features in the kitchen and bathroom.

Key Features:

Reverse Cycle Air Conditioner in open living/kitchen area for year-round comfort.

Updated bathroom with a modern vanity, adjacent toilet, and convenient shower with integrated laundry facilities.
Two bedrooms, each equipped with built-in wardrobes.
Single carport for secure parking.
Secure unit located in an excellent and desirable location.
Low maintenance yard with fencing and synthetic turf.

Financial Highlights:

Affordable annual costs of approximately $500 per unit within the Strata Corporation, covering insurance for common areas.
Investor's Dream or Perfect for Singles and Young Professionals:
This property is in excellent condition, making it an ideal choice for singles, young professionals, or savvy investors looking to expand their portfolio. The four units within the Strata Corporation offer a sense of community and shared responsibility, ensuring a well-maintained and secure living environment.

Currently owner occupied, this unit provides the perfect canvas for the prospective buyer to infuse their personal style. However, for those looking for immediate returns, we have potential tenants ready to move in, aligning perfectly with the current market conditions.

Don't miss this chance to break free from the rent cycle and make this delightful unit your own. Contact us today to schedule a viewing and explore the possibilities of ownership

GENERAL PROPERTY INFO
Current market rental appraisal $220 -$240 per week
Property Type: Brick and Tile - block of four units with party wall share.
Zoning: Neighbourhood
Council: Wattle Range Council
Year Built: 1995
Land Size: 124.4m2
Rates: $1500 per annum approx.
Strata Corporation annual costs: $500 per unit for insurance of common areas.
Lot Frontage: 7.6m
Lot Depth: 18.5m
Aspect front exposure: Northeast
Services Connected: Town water supply and sewerage scheme
Certificate of Title Volume 5117 Folio 234

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Property History for 3/7 Bonshor St, Millicent, SA 5280

A timeline of how this property has performed in the market
Last Sold
$207,000
17 May 2024
Listed for Rent
$150/w
13 Oct 2016
  • 17 May 2024
    Sold for $207,000
  • 28 Nov 2023
    Listed for Sale $199,000 - $209,000
  • 08 Jan 2021
    Sold for $134,000
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About Millicent 5280

The size of Millicent is approximately 155.6 square kilometres. It has 28 parks covering nearly 0.7% of total area. The population of Millicent in 2011 was 5,025 people. By 2016 the population was 5,112 showing a population growth of 1.7% in the area during that time. The predominant age group in Millicent is 50-59 years. Households in Millicent are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millicent work in a labourer occupation. In 2011, 70.3% of the homes in Millicent were owner-occupied compared with 70.1% in 2016.

Millicent has 3,309 properties. Over the last 5 years, Houses in Millicent have seen a 118.23% increase in median value, while Units have seen a 56.93% increase. As at 31 August 2024:

  • The median value for Houses in Millicent is $345,608 while the median value for Units is $255,233.
  • Houses have a median rent of $300 while Units have a median rent of $190.
There are currently 5 properties listed for sale, and no properties listed for rent in Millicent on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Millicent.

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