1/555 Cross RoadPlympton SA 5038
Property Details for 1/555 Cross Rd, Plympton
1/555 Cross Rd, Plympton is a 8 bedroom, 7 bathroom Unit with 4 parking spaces and was built in 1955. The property has a land size of 819m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (March 2018)
SOLD...... "THE CASTLE" as it is historically known, is for sale!
This Iconic Stone fronted 1950s unit complex, located on the corner of Belgrave Street, comprises 6 spacious 1 bedroom units & 1 large 2 bedroom unit & is currently generating an approximate income of $80,000. As they are all on the one title, it presents as a superb opportunity for long term investors, developers & ideal for those self-managed super funds (subject to independent advice).
The accommodation in all units is spacious & zoned comprising separate kitchen/meals areas, good size bedrooms & bathrooms & separate living rooms.
The units also feature Jarrah floorboards, some with updated kitchen & bathrooms (unit 1 & 7), wall unit reverse cycle air conditioners, rendered internal walls, all electric kitchen appliances & individual hot water services, compliant fire walls & some car parking.
Outgoings for this property are very modest with water rates & usage currently paid by the vendors, & rental history is documented & available for viewing.
There are many opportunities that are presented here with options to maintain the current status, upgrade & sell now or in the future, lock your money away & enjoy a healthy return or even develop, subject to council consents.
Please contact Agent for Inspection
Year Built: 1955 & Land size: 820 sqm approx.
Council: West Torrens Residential Policy Area 18
Council Rates: Unit 1 $882.85pa & Unit 2 to 7 $880.30pa each
Water Rates: $281pq
Expressions of Interest
Property History for 1/555 Cross Rd, Plympton, SA 5038
- 26 Oct 2017Sold for $1,000,000
- 16 Jan 2017Listed for Sale $1,200,000 (under offer)
- 06 Apr 1998Sold for $236,500
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0About Plympton 5038
The size of Plympton is approximately 1.8 square kilometres. It has 8 parks covering nearly 7.5% of total area. The population of Plympton in 2011 was 4,509 people. By 2016 the population was 4,748 showing a population growth of 5.3% in the area during that time. The predominant age group in Plympton is 20-29 years. Households in Plympton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Plympton work in a professional occupation. In 2011, 55.2% of the homes in Plympton were owner-occupied compared with 54.9% in 2016.
Plympton has 2,968 properties. Over the last 5 years, Houses in Plympton have seen a 77.13% increase in median value, while Units have seen a 75.86% increase. As at 31 October 2024:
- The median value for Houses in Plympton is $1,022,868 while the median value for Units is $482,905.
- Houses have a median rent of $600 while Units have a median rent of $450.
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