OFF MARKET

2/7 First Avenue
Payneham South SA 5070

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 174m2
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Last updated 11 Nov 2024
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Property Details for 2/7 First Ave, Payneham South

2/7 First Ave, Payneham South is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 174m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1978
Floor Size
86m2
Land Size
174m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
U2/S3619

Last Listing description (September 2022)

Instant rental rewards or a superb first start...

A small quiet group, invaluable rear garden privacy, roller shutter security, and a foothold into the inner eastern suburbs sounds far-fetched, but not on First Avenue

Your chance beckons with a 2-bedroom semi-detached homette taking pride of place between Portrush and Glynburn Roads, an easy stroll to Trinity Gardens School, mere minutes to Magill Road cafes and The Parade, and bringing rental returns until February 2023.

The late 1970s build and just one of three - has been brought up to date with floating floors, split system air conditioning, a refurbished kitchen with stainless appliances, plus a rear pergola and deck ahead of a small, grassed and fully fenced lawn area.

Natural light bounces off the home's neutral interiors, the opening lounge, front, and rear bedrooms all offer built-in storage, and the functional bathroom serves the home centrally with a separate WC.

You couldn't ask for an easier start to home ownership

Nor a better spot on the near-city map. With such revered surrounds, retail choice in every direction, and the city centre some 6kms west, no wonder you'll need to be quick!

More reasons why:
Quiet group of 3 in an off-street address
Security roller shutters
Hard-wearing floating floors
Refurbished kitchen with gas cooktop & electric oven
Split system R/C A/C
Plenty of inbuilt storage/both bedrooms have BIRs
Central bathroom with separate WC
Attached by single carport
Tenancy in place until February 2023 (@ $1000 p/mth)
Close to Glynburn Plaza's retail variety & Marden Shopping Centre
Buses via Payneham & Portrush Roads
Zoning to Trinity Gardens School & Norwood International H.S.
Just 6kms to the city's universities
And much more

SA Water Rates - $146.65 per quarter
Council Rates - $1,157.88 per annum
Strata Rates - $400.95 per quarter

Adcock Real Estate - RLA66526

Andrew Adcock 0418 816 874
Nikki Seppelt 0437 658 067
Jake Adcock 0432 988 464

* Please be advised the tenants personal items have been digitally removed from these images for privacy reasons. Therefore, the images may appear slighty different to in real life.

*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided.
The floor plan included in this marketing material is for illustration purposes only, all measurement are approximate and is intended as an artistic impression only. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified.

Property History for 2/7 First Ave, Payneham South, SA 5070

A timeline of how this property has performed in the market
Last Sold
$450,000
21 Sep 2022
Listed for Rent
$330/w
09 Aug 2018
  • 21 Sep 2022
    Sold for $450,000
  • 01 Aug 2022
    Listed for Sale Contact Agent
  • 11 Nov 2018
    Sold for $330,000
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About Payneham South 5070

The size of Payneham South is approximately 0.6 square kilometres. It has 1 park. The population of Payneham South in 2011 was 1,545 people. By 2016 the population was 1,647 showing a population growth of 6.6% in the area during that time. The predominant age group in Payneham South is 20-29 years. Households in Payneham South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Payneham South work in a professional occupation. In 2011, 59.7% of the homes in Payneham South were owner-occupied compared with 58% in 2016.

Payneham South has 850 properties. Over the last 5 years, Houses in Payneham South have seen a 68.01% increase in median value, while Units have seen a 70.30% increase. As at 31 October 2024:

  • The median value for Houses in Payneham South is $1,332,933 while the median value for Units is $550,762.
  • Houses have a median rent of $620 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and 1 property listed for rent in Payneham south on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Payneham south.

Suburb Insights for Payneham South 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.