SOLD
Sold on 10 Apr 2024 for $502,000

3/16 First Avenue
Payneham South SA 5070

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 8m2
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Adelaide Property Brokers Woodville (rla 275183)
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Property Details for 3/16 First Ave, Payneham South

3/16 First Ave, Payneham South is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 8m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Payneham South in the last 12 months.

Building Type
Unit
Year Built
1974
Floor Size
68m2
Land Size
8m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
U3/S1357

Last Listing description (March 2024)

Adelaide Property Brokers are proud to present this charming 2-bedroom unit within a small group of 4.

This delightful home offering a perfect blend of modern comfort and convenient living.

As you step inside, you'll be impressed by the spacious living area enhanced by the wall air conditioner and heating unit to ensure all year-round comfort.

A modern kitchen with electric stove top and oven overlooks the dining and living area allowing an inclusive feel for everyone to come together for meals and social gatherings.

Wooden timber flooring throughout the living space and bedrooms creates a warm and welcoming ambience; let your creative design flow with your perfect styling touches.

The bathroom is conveniently located and a seperate laundry with walk through to access your own private paved courtyard including a garden shed for extra storage.

Conveniently located near public transport, approximately 5km from the Adelaide CBD and a short drive to Norwood, one of Adelaide most prominent suburbs for entertainment, shopping and amazing dining options.

Recently painted, this home is move in ready. Whether you are a first home buyer, downsizing or an investor, don't miss out on this fantastic opportunity.

We look forward to seeing you at our open inspections and Auction on Saturday 23rd March 2024 at 9.00am.

RLA 275183

Build: 1974

Council Rates: $1,644.00 p/year approx.
SA Water Rates: $199.41 p/quarter approx.
ESL: $119.35 p/year approx.
Strata Fee: $463.75 p/quarter approx.

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Property History for 3/16 First Ave, Payneham South, SA 5070

A timeline of how this property has performed in the market
Last Sold
$502,000
10 Apr 2024
Listed for Rent
$390/w
17 Feb 2023
  • 10 Apr 2024
    Sold for $502,000
  • 28 Feb 2024
    Listed for Sale Contact Agent
  • 08 Feb 2023
    Listed for Rent $390 / week
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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 70.53% increase in median value, while Units have seen a 73.42% increase. As at 30 November 2024:

  • The median value for Houses in Payneham South is $1,334,316 while the median value for Units is $577,542.
  • Houses have a median rent of $615 while Units have a median rent of $500.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Payneham south on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Payneham south.

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