OFF MARKET

7 Fifth Street
Millicent SA 5280

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Floor area: 214m2
Land area: 1022m2
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Last updated 16 Sep 2024
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Property Details for 7 Fifth St, Millicent

7 Fifth St, Millicent is a 6 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1971. The property has a land size of 1022m2 and floor size of 214m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1971
Floor Size
214m2
Land Size
1022m2
Local Government
Wattle Range
Lot/Plan
A32/T421403

Last Listing description (August 2020)

A fantastic opportunity for those looking to get into the Investment properties with a solid return and secure long term tenants.
A huge attraction for tenants is the property's location right with the central township and close walking proximity to the main street
Block of 4 units - Brick and tile under one roof and all on one title. No strata or community title fees!

Units consist of:
Unit 1 - 2 carpeted bedrooms with built ins. Kitchen/Dining/Lounge all in one. Leased until March 2020 @ $150 per week
Unit 2 - 2 carpeted bedrooms with built ins. Kitchen/Dining/Lounge all in one. Leased until March 2020 @ $150 per week
Unit 3 - 1 bedroom with built ins, lounge/dining & kitchen area. Leased until March 2020 @ $110 per week
Unit 4 - 1 bedroom, Slow combustion fire, R/C. Leased until January 2020 with option to extend their lease another 3 months @ $140 per week

All have Electric stove, laundry washing taps in bathrooms and clotheslines out the front each unit
4 Carports under one long carport at the front of property
Quiet residential area close to swimming lake and primary school
Neatly presented maintained garden/lawns
Quiet area of town, 1022m2 sized allotment on one Certificate of Title
*NO Pets have been allowed in these units under lease conditions

Property History for 7 Fifth St, Millicent, SA 5280

A timeline of how this property has performed in the market
Last Sold
$352,000
20 Nov 2019
Listed for Rent
$110/w
24 Mar 2011
  • 29 Nov 2019
    Listed for Sale $350,000 - $360,000
  • 20 Nov 2019
    Sold for $352,000
  • 16 Feb 2017
    Sold for $305,000
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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.

Suburb Insights for Millicent 5280

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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.