OFF MARKET

6 Bow Court
Paralowie SA 5108

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 77m2
Land area: 1180m2
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Last updated 14 Oct 2024
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Property Details for 6 Bow Ct, Paralowie

6 Bow Ct, Paralowie is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 1180m2 and floor size of 77m2.

Building Type
Unit
Year Built
1991
Floor Size
77m2
Land Size
1180m2
Local Government
Salisbury
Lot/Plan
A292/D10110

Last Listing description (October 2012)

Let The Tenants Pay The Mortgage
It's rare that an investment will yield such a great rental return as this property. With property prices remaining subdued, high rental demand in the area and experts tipping further interest rate cuts, it has never been a better time to secure this great investment offering positive geared returns. And what's even better is that historically whenever we have seen positive geared properties like this their capital appreciation usually outperforms the marketplace.
Providing a strong rental return of $440.00 per week, purchasing this property, comprising of 2 units side by side, means that you will enjoy a 50% shareholding in this intimate group of 4 strata units thus providing you the advantage of the controlling vote for all matters pertaining to the group.

Please note: Unit 3 will see a rent increase to $230.00 per week, effective 15th October 2012.
Units are also available for individual sale should you wish to consider this as an investment or first home owner option.
BENEFITS & RETURN
??? Strategy: Positive Cash Flow & Strong Capital Growth Expected
??? Rental Yield: > 6.3%
??? Rental Return: $440.00 per week
??? Gross Income p.a.: $22,880.00*
??? Strata: 50% shareholder
FEATURES & SPECIFICATIONS
2 x 2 bedroom units located at the end of a quiet cul-de-sac and positioned in the popular location of Paralowie.
Situated within walking distance to public transport, schools, shops, these units will prove very attractive to potential tenants: - 1 x private carport space plus 1 visitor parking (each) - Spacious lounge room - Spacious kitchen - Separate Laundry - Private rear backyard - Air conditioning Simply sit back and harvest the return from this fantastic investment opportunity. Both units are already tenanted with fixed term leases.
* Approximate figures only - does not incl. vacancy rate

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Property History for 6 Bow Ct, Paralowie, SA 5108

A timeline of how this property has performed in the market
  • 10 Aug 2012
    Listed for Sale $349,000 - $369,000
  • 13 Oct 2011
    Listed for Sale $185,000 - $199,000

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About Paralowie 5108

The size of Paralowie is approximately 6.7 square kilometres. It has 37 parks covering nearly 17.6% of total area. The population of Paralowie in 2011 was 15,871 people. By 2016 the population was 16,542 showing a population growth of 4.2% in the area during that time. The predominant age group in Paralowie is 0-9 years. Households in Paralowie are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paralowie work in a labourer occupation. In 2011, 75.1% of the homes in Paralowie were owner-occupied compared with 72.6% in 2016.

Paralowie has 6,889 properties. Over the last 5 years, Houses in Paralowie have seen a 118.98% increase in median value, while Units have seen a 115.56% increase. As at 30 September 2024:

  • The median value for Houses in Paralowie is $645,615 while the median value for Units is $430,403.
  • Houses have a median rent of $540 while Units have a median rent of $398.
There are currently 22 properties listed for sale, and 6 properties listed for rent in Paralowie on OnTheHouse. According to CoreLogic's data, 288 properties were sold in the past 12 months in Paralowie.

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