OFF MARKET

8/1 Otoma Street
Paralowie SA 5108

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
Land area: 149m2
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Property Details for 8/1 Otoma St, Paralowie

8/1 Otoma St, Paralowie is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 149m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
1980
Floor Size
76m2
Land Size
149m2
Local Government
Salisbury
Lot/Plan
U8/S5533

Last Listing description (May 2022)

Andrew Farnworth and Harris Real Estate are proud to present to the market this too good to be true two bedroom unit that has been stylishly updated with a new kitchen, bathroom and laundry. First home buyers, young couples and downsizers can move in and enjoy the lifestyle on offer while investors can capitalise on high rental demand by renting out and reaping the rewards.

Situated at the rear of this group of units ideal for privacy, make your way inside and into the shared family/meals area where you can spread out and relax in comfort. A wall mounted reverse cycle air conditioner ensures year-round temperature control while the adjacent kitchen makes preparing and sharing meals with loved ones a breeze. The delightfully updated kitchen boasts electric cook top, oven, exhaust fan and plenty of bench and cupboard space for all of your cooking needs.

Down the hallway you'll find the sleeping quarters of the home with two bedrooms that both provide ceiling fans and built-in robes. A brand new bathroom with free standing bath and separate shower with rainfall shower head ensure you can unwind in luxury surrounds. A laundry completes the interior of the home.

Outside continues to impress with a large paved entertaining area providing room for a BBQ and dining setting to host your loved ones. A shade cloth covered pergola will help keep this area cool in summer while the rest of the yard is very low maintenance for easy care living.

Other great features include;
- Built in cabinetry for additional storage space.
- Security doors and window grills for your peace of mind.
- Instant gas hot water.
- Locked carport for secure undercover parking.

Living in this location ensures you are so close to numerous services and amenities. Find yourself within a short stroll to local bus stops, the train station, reserves and walking trials while Paralowie R-12 is literally down the end of the road. You're just minutes away from the Hollywood and Parabanks Shopping Centres while a 30 minute drive will have you in the Adelaide CBD. This property needs no work and is ready for the next fortuitous owner.

For more information or an inspection call Andrew Farnworth now!

Specifications:
CT / 5985/452
Council / City of Salisbury
Zoning / GN
Built / 1980
Council Rates / $pa
Strata Rates / $550pq
Strata Manager / Strata Management SA
Nearby Schools / Paralowie School, Salisbury North P.S, Bowden Brompton CS Northern Middle School Campus, Lake Windemere B-6 School, Salisbury P.S, Paralowie School

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Property History for 8/1 Otoma St, Paralowie, SA 5108

A timeline of how this property has performed in the market
Last Sold
$275,000
10 Jun 2022
Listed for Rent
$250/w
07 Nov 2012
  • 10 Jun 2022
    Sold for $275,000
  • 02 May 2022
    Listed for Sale $239k-$259k
  • 19 Sep 2012
    Listed for Rent $250 / week
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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 6,924 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 23 properties listed for sale, and 4 properties listed for rent in Paralowie on OnTheHouse. According to CoreLogic's data, 296 properties were sold in the past 12 months in Paralowie.

Suburb Insights for Paralowie 5108

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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.