SOLD
Sold on 18 Apr 2024 for $490,000

52 Pauline Street
Paringa SA 5340

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 49m2
Land area: 980m2
Sold By
Elders Riverland RLA62833
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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.

Building Type
Unit
Year Built
1970
Floor Size
49m2
Land Size
980m2
Local Government
Renmark Paringa
Lot/Plan
A57/D4294

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

- Generous yard attached to each unit offering separation from other units and room to move
- 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

A timeline of how this property has performed in the market
Last Sold
$490,000
18 Apr 2024
  • 18 Apr 2024
    Sold for $490,000
  • 22 Dec 2023
    Listed for Rent $175 / week
  • 18 Sep 2023
    Listed 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 654 properties. Over the last 5 years, Houses in Paringa have seen a 70.98% increase in median value, while Units have seen a 75.72% increase. As at 31 October 2024:

  • The median value for Houses in Paringa is $369,380 while the median value for Units is $297,054.
  • Houses have a median rent of $290 while Units have a median rent of $130.
There are currently 6 properties listed for sale, and no properties listed for rent in Paringa on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Paringa.

Suburb Insights for Paringa 5340

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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.