232 The Parade Norwood SA 5067
Property Details for 232 The Parade, Norwood
232 The Parade, Norwood is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2019. The property has a floor size of 87m2.
Last Listing description (August 2016)
Perfectly positioned in cosmopolitan Norwood, the project will be built in stages with the 1st stage comprising 23 apartments of both 1 and 2 bedroom designs with retail ground floor tenancy, 1 allocated car park, 2nd car park available at cost of $50,000.
Ranging from smaller single bedroom 74sqm to 125sqm 2 bedroom apartments, the price starting at $485,000 and ranges to $720,000. Please note off plan purchasers qualify for a minimum $15,500 to a maximum of $21,330 in stamp duty concession providing a contract is entered into prior to commencement of construction (during construction the stamp duty concession will be reduced depending on development stage as at date of contract).
Please note a full rental and depreciation schedule are available with rents commencing for:
* 1 bedroom apartment with car park $420 - $450 per week
* Typical 2 bedroom 1 bathroom with car park $525 - $575 per week
* Typical 2 bedroom 2 bathroom with car park $595 $650 per week
With completion anticipated December 2018, the two apartment blocks have been designed by Studio 9 with the remaining 23 apartments having a mixture of 1, 2 and 3 bedroom designs above the existing heritage listed Bath Hotel.
Car parking will be secure and available on Levels 1 and 2 with an additional car park able to be purchased at the purchasers discretion.
Design and finishes will be of the highest quality with a choice of vibrant outlooks from the city skyline, Mt. Lofty Ranges, eastern suburb night lights and sun filled northerly aspect.
Full details available.
Property History for 232 The Parade, Norwood, SA 5067
- 27 Jul 2016Listed for Sale Not Disclosed
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0About Norwood 5067
The size of Norwood is approximately 2.2 square kilometres. It has 10 parks covering nearly 1.8% of total area. The population of Norwood in 2011 was 5,802 people. By 2016 the population was 5,982 showing a population growth of 3.1% in the area during that time. The predominant age group in Norwood is 20-29 years. Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 49.8% of the homes in Norwood were owner-occupied compared with 50% in 2016.
Norwood has 4,541 properties. Over the last 5 years, Houses in Norwood have seen a 70.76% increase in median value, while Units have seen a 57.56% increase. As at 31 October 2024:
- The median value for Houses in Norwood is $1,546,674 while the median value for Units is $690,947.
- Houses have a median rent of $675 while Units have a median rent of $610.
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