OFF MARKET

4/168 Melrose Street
Mount Pleasant SA 5235

Bedrooms: 12
Bathrooms: 1
Car spaces: 1
Land area: 2025m2
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Property Details for 4/168 Melrose St, Mount Pleasant

4/168 Melrose St, Mount Pleasant is a 12 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 2025m2. While the property is not currently for sale or for rent, it was last sold in December 2014.

Building Type
Unit
Year Built
2000
Land Size
2025m2
Local Government
Barossa
Lot/Plan
A5/D235

Last Listing description (April 2011)

Residential Investment Opportunity
Group of 4 modern freestanding homettes/units situated on a lg 2023sqm allotment in this popular Adelaide Hills township.
All homettes/units feature 3 bedrooms, generous open plan kitchen-dining-living and family area.

Special features:
Durable carpets and window treatments.
Floating timber floors in the living areas.
Kitchens all have pantry, dbl sink & electric range.
Linen press.
Full bathroom and laundry.
Reverse cycle air conditioners.
All have rear yard/patio.
Individual garaging.
Currently leased and returning approx. $40,000 pa
General comment: Great opportunity to make an investment in real estate in a secure rental market coupled with the ability to community title the property (STCC) in the future for added capital growth.
Inspection is strictly by appt.

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Property History for 4/168 Melrose St, Mount Pleasant, SA 5235

A timeline of how this property has performed in the market
Last Sold
$360,000
15 Dec 2014
Listed for Rent
$200/w
29 Jan 2014
  • 15 Dec 2014
    Sold for $360,000
  • 11 Jan 2014
    Listed for Rent - Price not available
  • 18 Jul 2012
    Listed for Rent - Price not available
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About Mount Pleasant 5235

The size of Mount Pleasant is approximately 111.4 square kilometres. It has 2 parks covering nearly 1.7% of total area. The population of Mount Pleasant in 2011 was 960 people. By 2016 the population was 1,037 showing a population growth of 8.0% in the area during that time. The predominant age group in Mount Pleasant is 60-69 years. Households in Mount Pleasant are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Pleasant work in a managers occupation. In 2011, 80.7% of the homes in Mount Pleasant were owner-occupied compared with 81.2% in 2016.

Mount Pleasant has 650 properties. Over the last 5 years, Houses in Mount Pleasant have seen a 87.21% increase in median value, while Units have seen a 63.02% increase. As at 31 August 2024:

  • The median value for Houses in Mount Pleasant is $621,623 while the median value for Units is $370,296.
  • Houses have a median rent of $270.
There are currently 3 properties listed for sale, and no properties listed for rent in Mount pleasant on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Mount pleasant.

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