SOLD
Sold on 02 Jul 2024 for $550,000

5/4 Sheppards Lane
Norwood SA 5067

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 75m2
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Property Details for 5/4 Sheppards Lane, Norwood

5/4 Sheppards Lane, Norwood is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 75m2 and floor size of 61m2. 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.

Building Type
Unit
Year Built
2017
Floor Size
61m2
Land Size
75m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
F105/C41286

Last Listing description (May 2024)

~ Best Offer closing Tuesday 7th May @ 1:00pm (unless sold prior) ~

This is a stunning contemporary apartment in a small group of 13. Well, positioned on the first floor and situated in the blue-ribbon suburb of Norwood.

Featuring:
* Lift access
* Generous ceiling heights and high-quality fittings
* An abundance of light, creating a bright and welcoming interior
* Open plan living/dining/kitchen with direct access to the balcony ~ perfect for soaking in the atmosphere of The Parade and city events
* Sleek white kitchen with pantry cupboard, dishwasher and generous breakfast bar
* Good size bedroom with built in robe
* Separate bathroom and laundry spaces
* Exclusive secure undercover car parking

The ultimate apartment living experience is on offer here.

Zoned for Rose Park Primary and Marryatville High schools, with close proximity to excellent private education options including Prince Alfred, Saint Ignatius, and Loreto Colleges, St Peter's Girls and Pembroke School.

This city fringe locale, just minutes' walk to The Parade, Parklands, and Adelaide CBD, provides a vibrant caf and restaurant culture.

Ideal for country folks or fly-in/fly-out buyers looking for a city base where you can easily lock up and leave.

Move in ready for the owner occupier or an excellent opportunity for those investors looking to add a quality investment to their property portfolio.

Council: City of Norwood Payneham & St Peters
Council Rates: $1,265.00 per annum
SA Water: $153.70 per quarter
ESL: $125.60 per annum
Community Rates: $302.00 per quarter
Year Built: 2017
Zoning: Suburban Main Street

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Property History for 5/4 Sheppards Lane, Norwood, SA 5067

A timeline of how this property has performed in the market
Last Sold
$550,000
02 Jul 2024
Listed for Rent
$400/w
09 Jun 2021
  • 02 Jul 2024
    Sold for $550,000
  • 19 Apr 2024
    Listed for Sale Not Disclosed
  • 18 May 2021
    Listed for Rent $400 / 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 4,546 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 16 properties listed for sale, and 25 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Norwood.

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