305/170 The Parade Norwood SA 5067
Property Details for 305/170 The Parade, Norwood
305/170 The Parade, Norwood is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2022. The property has a land size of 75m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Norwood in the last 12 months.
Last Listing description (October 2024)
Perfectly positioned on The Parade, COMO is the place to call home.
VARO is excited to help you secure this one bedroom apartment in the COMO building which offers spacious living, panoramic views and high ceilings. The highest level of sophisticated, modern living with curated colour schemes, natural wood flooring, stone benchtops and European appliances.
Nestled amongst picturesque parks, charming tree-lined streets and breath taking gardens, COMO is a true hub of convenience, surrounded by life's essentials, including specialty retail and a brand new next-generation Coles supermarket.
A great investment opportunity with a long term tenancy in place.
Currently tenanted at $2,237.80 per calendar month until 21/6/2028, with the option to further renew for another 5 years with annual rent increases.
Exclusive and secure resident undercover car and bike parking will provide the ultimate Norwood experience.
To arrange an inspection or for further information contact Loretta Cavallaro 0423 642 215.
**Entry to the building is on the Western side of the complex.
RLA 270 940
Property History for 305/170 The Parade, Norwood, SA 5067
- 03 Sep 2024Listed for Sale $650,000
- 19 Jul 2024Sold for $600,000
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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.
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