SOLD
Sold on 15 Aug 2023 for $445,000

31/22 Cambridge Street
North Adelaide SA 5006

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 63m2
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Property Details for 31/22 Cambridge St, North Adelaide

31/22 Cambridge St, North Adelaide is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in August 2023. There are other 2 bedroom Unit sold in North Adelaide in the last 12 months.

Building Type
Unit
Year Built
1985
Floor Size
63m2
Local Government
Adelaide
Lot/Plan
U31/S6226

Last Listing description (September 2023)

Introducing your new dream long term investment property, a perfect location in the tightly held suburb of North Adelaide.

Located in the heart of North Adelaide with the CBD only minutes away, you'll have Adelaide's classiest food and beverage outlets right at your doorstep.

The apartment is currently tenanted to lovely tenants on a fixed lease arrangement, with an end date is 09/02/2024.

When you are looking for an investment property these are the key factors you should consider, and this property puts a tick in every box:

Location... this property is in a prime location between O'Connell St and Wellington Square, North Adelaide for food and entertainment and within a short distance to the RAH for young Doctors and Nurses looking to rent close to work or students close to Adelaide university campuses.
Tenants... the existing tenants have been brilliant and are leased until Feb 2024
Property condition... this property is in excellent condition, a testament to the tenants and the existing Property Management.
Yield... at more than 4.5% it will just about pay for itself (depending on your Tax position)
RAH and Adelaide CBD is just 2.5kms
North Adelaide Village 229metres

The numbers:
Council Rates $351.35 per qtr.
Strata Fees $579 per qtr.
Sinking Fund $33 per qtr.
Rent $750 per fortnight. ($4,875 per qtr.)

Don't miss out on this incredible opportunity...
Contact Graeme Clark on 0408 081313 for further information.

NOTE: The photos displayed were take prior to the current tenancy

NOTE: Buying as an investment property? Why not speak to the City Realty Residential Property Management team on (08) 8212 5899 about managing this or your other investment properties.

Disclaimer:
This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 262 481

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Property History for 31/22 Cambridge St, North Adelaide, SA 5006

A timeline of how this property has performed in the market
Last Sold
$445,000
15 Aug 2023
Listed for Rent
$360/w
04 Feb 2022
  • 15 Aug 2023
    Sold for $445,000
  • 22 May 2023
    Listed for Sale Under Offer - more properties needed in North Adel
  • 25 Jan 2022
    Listed for Rent $360 / week
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About North Adelaide 5006

The size of North Adelaide is approximately 5.1 square kilometres. It has 40 parks covering nearly 57.8% of total area. The population of North Adelaide in 2011 was 6,678 people. By 2016 the population was 6,969 showing a population growth of 4.4% in the area during that time. The predominant age group in North Adelaide is 20-29 years. Households in North Adelaide are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Adelaide work in a professional occupation. In 2011, 49.1% of the homes in North Adelaide were owner-occupied compared with 48.8% in 2016.

North Adelaide has 4,762 properties.

    There are currently 19 properties listed for sale, and 19 properties listed for rent in North adelaide on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in North adelaide.

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