OFF MARKET

23 King Street
Pennington SA 5013

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 197m2
Land area: 448m2
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Property Details for 23 King St, Pennington

23 King St, Pennington is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1952. The property has a land size of 448m2 and floor size of 197m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
House
Year Built
1952
Floor Size
197m2
Land Size
448m2
Local Government
Charles Sturt
Lot/Plan
A500/D84689

Last Listing description (January 2018)

This really is a unique opportunity to acquire a beautifully renovated home in the wonderful location of Pennington.
23 King St sits on a corner block with unique rear access and the possibility to convert this charming period home into 2 (as was done by the current owner).
Do you want great rental income while enjoying part of this stylishly presented home? Or even just rent out the complete home and reap an amazing 6.5% - 7% return - almost unheard of in Adelaide, or indeed Australia..

How about a genuine granny annexe but with a secure passage door opening up the house into one? Those with teenage and uni - attending children will love this layout with dual bathrooms and kitchens (all renovated) and private entrances for each property. And of course families will really appreciate both the attractive decor and lovely rear open plan living with dual French windows allowing gorgeous sunlight to flow in - mornings with a coffee under the alfresco will be bliss.
As for the location... the shopping heaven of Arndale is just 5 minutes' drive away along with its cinema complex, and ethnic cafes and restaurants abound, along with multiple transport links (bus and train) into the city - perfect for students attending uni. Pennington Primary school is literally around the corner as is the substantial Pennington Reserve where kids can roam free and let off steam.
All in all this is just a great find in a rapidly developing suburb. Proximity to both the Port and City, transport, shops and multiple quality schools are all here along with probably the best rental return I have seen in Adelaide.
Specifications:
CT / 6064/45
Council / City of Charles Sturt
Zoning / R'16
Built / 1952
Land / 448m2
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office - for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.

Property History for 23 King St, Pennington, SA 5013

A timeline of how this property has performed in the market
Last Sold
$426,000
06 Mar 2018
Listed for Rent
$290/w
11 Jul 2016
  • 06 Mar 2018
    Sold for $426,000
  • 11 Oct 2017
    Listed for Sale $425k-$445k
  • 25 May 2016
    Listed for Rent $290 / week
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About Pennington 5013

The size of Pennington is approximately 1.4 square kilometres. It has 6 parks covering nearly 4.3% of total area. The population of Pennington in 2011 was 3,648 people. By 2016 the population was 3,639 showing a population decline of 0.2% in the area during that time. The predominant age group in Pennington is 50-59 years. Households in Pennington are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pennington work in a trades occupation. In 2011, 57.5% of the homes in Pennington were owner-occupied compared with 57.5% in 2016.

Pennington has 1,558 properties. Over the last 5 years, Houses in Pennington have seen a 105.11% increase in median value, while Units have seen a 74.02% increase. As at 31 October 2024:

  • The median value for Houses in Pennington is $821,405 while the median value for Units is $523,810.
  • Houses have a median rent of $550 while Units have a median rent of $260.
There are currently 5 properties listed for sale, and 1 property listed for rent in Pennington on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Pennington.

Suburb Insights for Pennington 5013

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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.