OFF MARKET

2/2 Rosella Street
Payneham SA 5070

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 154m2
Land area: 540m2
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Last updated 14 Oct 2024
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Property Details for 2/2-A Rosella St, Payneham

2/2-A Rosella St, Payneham is a 3 bedroom, 2 bathroom House. The property has a land size of 540m2 and floor size of 154m2.

Building Type
House
Floor Size
154m2
Land Size
540m2
Local Government
Norwood Payneham & St Peters

Last Listing description (July 2021)

Most Rare - 2 Entrances, 2 Kitchens, 2 Bathrooms, 3 Bedrooms, 2 Incomes

Attention astute investors or blended families looking for two dwellings under one roof.

Guaranteed to impress by the property's recent tasteful and modern upgrades offering the option to use as two separate dwellings or one large home with minor alterations.

Sitting on 540sqm of land, the property is on one "Torrens Title" whilst rated by Council as two dwellings, therefore allowing you the legal right to continue to use as is, or revert back to one dwelling and amend the Council records -the choice will be yours.

Currently used as two residences on one Torrens Title -
Residence 1 - Large lounge room, one large bedroom, upgraded eat-in kitchen with modern appliances and modern bathroom.
Residence 2 - Large lounge room, two bedrooms, study, upgraded eat-in kitchen with modern appliances, modern bathroom and separate laundry.

Other features include recently re-polished solid timber floors throughout, freshly painted, quality appliances in the two kitchens with gas bench top hot plates and under bench ovens, two sparkling new bathrooms with separate semi frameless shower alcoves and trendy vanity - decorated with floor to ceiling white tiles and complementary mushroom floor tiles. Year round comfort with four separate reverse cycle, split system air conditioners and new blinds throughout. Lock up carport for one vehicle and off street parking for 3-4 other vehicles. Two separate established rear yards.

There are so many options with this property on its own Torrens Title and without any by law restrictions. Most popular and valuable location close to Marden Senior College, Marden Court Shopping Centre and local transport. New owners can use the two units as "Air B&B" for casual or holiday rentals, standard lease arrangements for two units which for the investor offers excellent rental return or convert to one large family home - ideal for two generations sharing one home with privacy.

To Be Auctioned on Saturday, 29th June at 2.00pm Unless sold prior ($595,000).

The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for
perusal by members of the public -
a) at 708 Port Road, BEVERLEY for at least 3 consecutive business days immediately preceding the
auction and,
b) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.

For further information or to inspect this rare and most valuable offering please contact listing agent Lisa Xu of LJ Hooker Woodville on 0432 235 818 or email: lisax@ljhookerwoodville.com.au - 7 days a week.

Property History for 2/2-A Rosella St, Payneham, SA 5070

A timeline of how this property has performed in the market
  • 24 Jul 2021
    Listed for Sale Sold
  • 02 May 2019
    Listed for Sale $595,000 - Two Properties On One 'Torrens Title'

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About Payneham 5070

The size of Payneham is approximately 0.8 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Payneham in 2011 was 2,220 people. By 2016 the population was 2,280 showing a population growth of 2.7% in the area during that time. The predominant age group in Payneham is 20-29 years. Households in Payneham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Payneham work in a professional occupation. In 2011, 57.7% of the homes in Payneham were owner-occupied compared with 53.3% in 2016.

Payneham has 1,291 properties. Over the last 5 years, Houses in Payneham have seen a 67.58% increase in median value, while Units have seen a 67.46% increase. As at 30 September 2024:

  • The median value for Houses in Payneham is $1,174,646 while the median value for Units is $522,169.
  • Houses have a median rent of $600 while Units have a median rent of $480.
There are currently 5 properties listed for sale, and 1 property listed for rent in Payneham on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Payneham.

Suburb Insights for Payneham 5070

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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.