SOLD
Sold on 15 Apr 2024 for $545,000

3/86 Osmond Terrace
Norwood SA 5067

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 66m2
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Property Details for 3/86 Osmond Tce, Norwood

3/86 Osmond Tce, Norwood is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1958. The property has a land size of 66m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Norwood in the last 12 months.

Building Type
Unit
Year Built
1958
Floor Size
61m2
Land Size
66m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
U3/S4896

Last Listing description (June 2024)

Auction Location: on site

Position Position Position. Prime upstairs location in an elegant 1958 built group of 8 units. Here is a cosmopolitan pad that offers uninterrupted views and balcony overlooking our premier lifestyle boulevard, Osmond Terrace.

Join a select group of home owners along this desirable stretch of real estate, it doesn't get any better. Historically, world wide trends, highly value apartments and residences in city centres and shopping precincts - you can join this elite set, just 130 metres / 1 min / 80 steps to The Parade Norwood.

A light filled, spacious one bedroom unit with balcony & fireplace, large living - dining area and full bathroom and kitchen, it is a life changer. Here's your opportunity to combine work from home and truly enjoy a treetop escape. The broad Terrace with a mature avenue of trees and controlled flow of traffic ensures a calm existence, its life in the slow lane. How desirable is it when you can live work and play on your own doorstep. Imagine walking to a variety of parks and gardens, diverse entertainment and every imaginable service and then there's the shopping! From gourmet food with over 50 cafe's, bars, reastaurants and pubs and amazing fashion to superior gift-shops, florists and heritage clothes, a treasure trove of Op shops and world class jewellery. High Street retail at its best and a destination draw card.

It could be you sitting on your balcony soaking in the atmosphere, join in parades, events, wining and dining at a host of restaurants and eateries or last minute plans to catch a movie or concert, or off to the Football or events at the brilliant Norwood Oval. The time is right to hit the high life. This is super special and there's only one on offer. Seize the moment, it's affordable and would suit, first home buyers, singles, couples, professionals or down-sizers and investors. Country folks looking for a city base or a weekday bolt hole for you, rather than boarding school, where you can lock up and leave and it suits fly in fly out buyers. Access transport to the city only minutes away or a 20 minute drive to hills or beaches. You're in walking distance to the CBD and surrounded by elegant homes and gardens. It's a walker's paradise and perfect for biking.

Schooling options are the best of the best, zoned for Marryatville High and Norwood Primary schools and with access to leading educational schools and colleges Pembroke, St Peter's, Loretto, Pulteney, St Ignatius. If you dream it make it happen, don't believe young buyers can't get a start and this is blue ribbon territory. This may be your best decision ever. Plan for your future, end your search now. You'll look back when prices continue to skyrocket & know you made the right choice. Imagine if it was Bondi, Barangaroo or Brunswick? What have you got to lose when you have an enviable lifestyle to gain?

AUCTION: Friday, 15th March at 11am, on site (USP) - CONTRACTED AT AUCTION.

CT Number: Volume 5024 Folio 929
Name of Council: Norwood Payneham St Peters
Council Rates: $1,253.90 per annum (approx)
Water Rates: $153.70 per quarter (approx)
Strata Levy: $385 per quarter plus Sinking Levy $157.50 per quarter (approx)
Year Built: 1958 (approx)

($485,000)

To register your interest or to make an offer, scan the code below:
https://prop.ps/l/29XzeEMwvmLz
(Please copy and paste the link into your browser)

LJ Hooker Kensington | Unley provide a service called Auction Pay which allows you to pay your deposit online, on the spot at Auction, rather than having the hassle of arranging payment by cheque. Please contact Gabrielle Overton to find out more about this service.

The Vendor's Statement (Form 1) will be available for perusal by members of the public:-
(A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and
(B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.

Property History for 3/86 Osmond Tce, Norwood, SA 5067

A timeline of how this property has performed in the market
Last Sold
$545,000
15 Apr 2024
Listed for Rent
27 Nov 2020
  • 15 Apr 2024
    Sold for $545,000
  • 27 Feb 2024
    Listed for Sale Sold
  • 22 Oct 2020
    Listed for Rent $315 / week
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About 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.
There are currently 18 properties listed for sale, and 22 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Norwood.

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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.