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Sold on 21 Nov 2024 for $390,000

8/240 Payneham Road
Payneham SA 5070

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 38m2
Land area: 46m2
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DB Philpott Real Estate
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Property Details for 8/240 Payneham Rd, Payneham

8/240 Payneham Rd, Payneham is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 46m2 and floor size of 38m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Unit sold in Payneham in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
38m2
Land Size
46m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
F8/C22317

Last Listing description (December 2024)

Well-presented upstairs one-bedroom apartment, perfect for first-time buyers or savvy investors.

This charming space features a bedroom with built-in robes, open-plan living area.

Security gate access with a remote-controlled door offers peace of mind.

You'll also appreciate the convenience of a carport located at the rear of the complex.

Situated just 5 km from the city, the location is unbeatable, with a bus stop right at the front of the property, making commuting a breeze.

Currently leased until January 27th, 2025, at $390 per week, this apartment presents an excellent investment opportunity.

Don't miss your chance to make this delightful apartment your own!

Contact John Lyrtzis to schedule a viewing. Ph 0411507930

Council / City of Norwood Payneham & St Peters
Zoning / General Neighbourhood
CT 5919/209
Built / 1970
Strata Fees/ $530/qtr
Council Rates /$TBA
SA Water / $TBA
ES Levy / $TBA

DB Philpott is proud to service the local area and if you are thinking of selling you should give the team a phone call to arrange a free no obligation market opinion.
If a land size is quoted it is an approximation only. You must make your own enquiries as to this figures accuracy. DB Philpott does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon. Development is subject to all necessary consents.

You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice.

RLA 46442

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Property History for 8/240 Payneham Rd, Payneham, SA 5070

A timeline of how this property has performed in the market
Last Sold
$390,000
21 Nov 2024
Listed for Rent
$290/w
08 Dec 2019
  • 21 Nov 2024
    Sold for $390,000
  • 24 Sep 2024
    Listed for Sale $375,000 to $410,000
  • 29 Nov 2019
    Listed for Rent $290 / week
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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 1,303 properties. Over the last 5 years, Houses in Payneham have seen a 75.17% increase in median value, while Units have seen a 63.45% increase. As at 30 November 2024:

  • The median value for Houses in Payneham is $1,226,678 while the median value for Units is $536,785.
  • Houses have a median rent of $590 while Units have a median rent of $498.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Payneham on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Payneham.

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