OFF MARKET

40 Downers Road
Oakbank SA 5243

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 213m2
Land area: 70820m2
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Property Details for 40 Downers Rd, Oakbank

40 Downers Rd, Oakbank is a 4 bedroom, 2 bathroom House and was built in 1968. The property has a land size of 70820m2 and floor size of 213m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1968
Floor Size
213m2
Land Size
70820m2
Local Government
Adelaide Hills
Lot/Plan
S478/H105600

Last Listing description (October 2020)

A fantastic lifestyle opportunity only a stones throw from Oakbank and Woodside in the beautiful Adelaide Hills is for sale.

Commanding a fantastic position just off the Onkaparinga Valley Road and comprising a total area of approximately seven hectares of gently undulating grazing land, Parkwood features a four bedroom, two bathroom residence with associated shedding and cattle yards, providing interested parties a fantastic opportunity to gain a foothold into the ever-popular Adelaide Hills region.


Only a short drive from the Adelaide CBD and nearby amenity of Oakbank, Balhannah, Woodside and Hahndorf means Parkwood is well serviced for the hobby farmer or weekend getaway. Parkwood is the ultimate rural escape that will appeal to a wide variety of potential buyers. The property will attract interest from an array of industry participants including lifestyle buyers, downsizers, hobby farmers alike. Inspections are strongly encouraged.

Key features include:
- Total area of approximately 7.08 hectares
- Four-bedroom brick residence with large living, two bathrooms, office and original kitchen
- Associated shedding and cattle loading yards
- Mains water connection and rainwater storage
- Fully bitumised driveway with cattle grid
- Good internal fencing

The property is offered For Sale via Expressions of Interest, due in the prescribed form by Thursday 6 August at 2pm.

Inspections are strictly by appointment with the agents.

Property History for 40 Downers Rd, Oakbank, SA 5243

A timeline of how this property has performed in the market
Last Sold
$2,900,000
16 May 2022
  • 16 May 2022
    Sold for $2,900,000
  • 09 Oct 2020
    Sold for $1,070,000
  • 03 Jul 2020
    Listed for Sale Contact Agent
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About Oakbank 5243

The size of Oakbank is approximately 27.4 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Oakbank in 2011 was 922 people. By 2016 the population was 852 showing a population decline of 7.6% in the area during that time. The predominant age group in Oakbank is 50-59 years. Households in Oakbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakbank work in a professional occupation. In 2011, 80.5% of the homes in Oakbank were owner-occupied compared with 82.4% in 2016.

Oakbank has 468 properties. Over the last 5 years, Houses in Oakbank have seen a 72.55% increase in median value, while Units have seen a 56.86% increase. As at 30 September 2024:

  • The median value for Houses in Oakbank is $1,047,100 while the median value for Units is $509,635.
  • Houses have a median rent of $395.
There are currently 2 properties listed for sale, and 1 property listed for rent in Oakbank on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Oakbank.

Suburb Insights for Oakbank 5243

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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.