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Sold on 04 Sep 2024 for $625,000

9/16 Margaret Street
Norwood SA 5067

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 99m2
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Property Details for 9/16 Margaret St, Norwood

9/16 Margaret St, Norwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Norwood in the last 12 months.

Building Type
Unit
Floor Size
99m2

Last Listing description (September 2024)

Auction Wed, 4th Sep - 5.30pm

With a designated undercover car park, the largest private courtyard in its small group, front and rear access and a stylish top-to-toe glow up, you'll be saying "where do I sign" well before you realise the famous Argo On The Parade waits at the end of your one-way street.

That's right; life is very good in this deceptively spacious home with a beautifully lit north-facing living room, ultra-modern kitchen, timber-look floors, fully-tiled bathroom and two double bedrooms - both with a mirrored bank of built-in storage.

Forgot the milk? Need a quick coffee fix? Can't be bothered cooking tonight? Fancy a movie? Nothing is too hard or far away from your front doorstep, just metres from The Parade's beating heart and not much further from the CBD's March-loving East End. Welcome to the Norwood way of life. You'll love it. We promise.

Features we love...

- Quiet, yet just 100m from The Parade
- The pick of the bunch in a quaint group
- Solidly built and tastefully renovated
- Ready to reside in or rent out on a highly competitive rental market
- Efficient split r/c for year round comfort
- Gas cooktop to stylish, updated kitchen
- Fresh white colour scheme and full of natural light
- Large separate laundry
- Spacious, secure courtyard
- Dual access
- One under-cover car park
- A stroll from Norwood's cafes, Hoyts Cinema, restaurants, boutiques, supermarkets and public transport
- Less than 10 minutes from the CBD

CT Reference - 5015/17
Council - City of Norwood, Payneham & St Peters
Council Rates - $1,304.64 pa
SA Water Rates - $165.55 pq
Emergency Services Levy - $105.00 pa
Admin Fund - $483.66 pq
Sinking Fund - $257.75 pq
Year Built - 1973
Total Build area - 99m² approx.

All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice.

OUWENS CASSERLY – MAKE IT HAPPEN™
RLA 275403

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Property History for 9/16 Margaret St, Norwood, SA 5067

A timeline of how this property has performed in the market
Last Sold
$625,000
04 Sep 2024
  • 04 Sep 2024
    Sold for $625,000
  • 14 Aug 2024
    Listed for Sale Not Disclosed
  • 10 Aug 2023
    Listed for Rent $400 per 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 4,564 properties. Over the last 5 years, Houses in Norwood have seen a 71.20% increase in median value, while Units have seen a 50.59% increase. As at 30 November 2024:

  • The median value for Houses in Norwood is $1,581,037 while the median value for Units is $684,070.
  • Houses have a median rent of $658 while Units have a median rent of $618.
There are currently 9 properties listed for sale, and 27 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Norwood.

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