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.
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..
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:
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