OFF MARKET

Murtho Road
Paringa SA 5340

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Land area: 1801m2
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Property Details for Lot 30 Murtho Rd, Paringa

Building Type
Commercial
Land Size
1801m2
Local Government
Renmark Paringa
Lot/Plan
F25/C43535

Last Listing description (July 2016)

3 Shops on 2 Strata Titles
Shop 1 - Home to the renowned Paringa Bakery. A highly successful business and well established in the region. Leased at $240 pw nett - $12,480 pa plus rates plus GST
Shop 2 - Vacant and was earning $6760 pa nett

Shop 2 - Hair salon and well established local business. Lease at $130 pw - $6760 pa plus rates plus GST
Opportunity to purchase a visually appealing commercial building in the heart of Paringa and amongst other retail shops and adjacent local hotel.
Priced competitively - for the price of a house returning $300 pw gross, you can have $370 pw nett plus another $130 pw when third shop leased = $500 pw plus rates.
For sale as a whole of separate strata titles.

Property History for Lot 30 Murtho Rd, Paringa, SA 5340

A timeline of how this property has performed in the market
  • 04 Aug 2015
    Listed for Sale $363,000

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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 655 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.