52 Pauline StreetParinga SA 5340
Property Details for 52 Pauline St, Paringa
52 Pauline St, Paringa is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 980m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in Paringa in the last 12 months.
Last Listing description (April 2024)
Located in a quiet residential area and approximately 700m from the Supermarket and Hotel lies this compelling investment opportunity. The Four one bedroom units are situated on two titles. Offered as a complete package, these four units are currently fully occupied, generating a gross income of $645 per week
Property Features
- FOUR individual one-bedroom, one-bathroom detached units each with its dedicated carpark
- Enjoy hassle free investment experience as this property is currently managed by Elders Property Management
- Plenty of opportunity to renovate and increase return
- Built around 1970
- Approx 50m2 living space per unit
- Convenience of also having rear lane access
This investment opportunity promises both immediate returns and future potential, don't miss out on the chance to explore its possibilities.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. Elders Real Estate RLA62833.
Property History for 52 Pauline St, Paringa, SA 5340
- 18 Apr 2024Sold for $490,000
- 22 Dec 2023Listed for Rent $175 / week
- 18 Sep 2023Listed for Sale $510,000
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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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