7 Fifth StreetMillicent SA 5280
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.
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
- 29 Nov 2019Listed for Sale $350,000 - $360,000
- 20 Nov 2019Sold for $352,000
- 16 Feb 2017Sold 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 3,318 properties. Over the last 5 years, Houses in Millicent have seen a 117.20% increase in median value, while Units have seen a 57.88% increase. As at 31 October 2024:
- The median value for Houses in Millicent is $342,010 while the median value for Units is $269,022.
- Houses have a median rent of $320 while Units have a median rent of $190.
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