15 Michelle DriveParinga SA 5340
Property Details for 15 Michelle Dr, Paringa
15 Michelle Dr, Paringa is a 7 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1978. The property has a land size of 800m2. While the property is not currently for sale or for rent, it was last sold in October 2015.
Last Listing description (February 2016)
Excellent investment opportunity with these three solid brick units on one title. The main unit is larger with 3 bedrooms and two living areas, double carport plus garage, while the other two being two bedrooms with 1 living area and individual single carport. All units have air-conditioners and are tenanted with good tenants. Currently let for $21,060 per annum with potential to increase the return. Possibly live in the larger home, while you receive income from the other two units to help fund the repayments. For the Alert buyer, so act now to arrange a viewing.
Property History for 15 Michelle Dr, Paringa, SA 5340
- 21 Oct 2015Sold for $318,000
- 16 Oct 2015Listed for Rent - Price not available
- 21 Aug 2015Listed for Sale Not Disclosed
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About Paringa 5340
The size of Paringa is approximately 17.4 square kilometres. It has 7 parks covering nearly 1.3% of total area. The population of Paringa in 2011 was 915 people. By 2016 the population was 1,090 showing a population growth of 19.1% in the area during that time. The predominant age group in Paringa is 20-29 years. Households in Paringa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paringa work in a labourer occupation. In 2011, 77.9% of the homes in Paringa were owner-occupied compared with 71.6% in 2016.
Paringa has 656 properties. Over the last 5 years, Houses in Paringa have seen a 70.76% increase in median value, while Units have seen a 58.59% increase. As at 31 July 2024:
- The median value for Houses in Paringa is $353,267 while the median value for Units is $238,408.
- Houses have a median rent of $290 while Units have a median rent of $130.
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