20 Milburn StreetOttoway SA 5013
Property Details for 20 Milburn St, Ottoway
20 Milburn St, Ottoway is a 2 bedroom, 1 bathroom House with 8 parking spaces. The property has a land size of 907m2.
Last Listing description (September 2018)
Think Big - A unique opportunity exists for the aspiring investor or developer to acquire this quality property in an excellent location. rent out, reconfigure or completely redevelop ( S.T.C.A ) Located in a fantastic location, close to beach, city, shopping centres and nearby medical.
The existing configuration comprises 4, two bedroom single story units on one title.
Two units have recently been renovated and all units and residence have varying leases in place.
Gas hot water service and updated kitchens with gas stove.
Split air conditioning to the living.
All units have undercover secure parking with extra parking for guests.
Land size is approx 907m2.
Current Rental Return is 6% PA approx. on your investment!
Please contact Real Estate Agent for more details.
Inspection by appointment!
Property History for 20 Milburn St, Ottoway, SA 5013
- 22 Dec 2017Listed for Sale $798,000 to $848,000
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About Ottoway 5013
The size of Ottoway is approximately 1.4 square kilometres. It has 2 parks covering nearly 2.3% of total area. The population of Ottoway in 2011 was 2,419 people. By 2016 the population was 2,499 showing a population growth of 3.3% in the area during that time. The predominant age group in Ottoway is 20-29 years. Households in Ottoway are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ottoway work in a trades occupation. In 2011, 58.9% of the homes in Ottoway were owner-occupied compared with 60.7% in 2016.
Ottoway has 1,260 properties. Over the last 5 years, Houses in Ottoway have seen a 111.75% increase in median value, while Units have seen a 85.12% increase. As at 31 October 2024:
- The median value for Houses in Ottoway is $706,556 while the median value for Units is $451,780.
- Houses have a median rent of $575 while Units have a median rent of $290.
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