SOLD
Sold on 09 Apr 2024 for $295,000

40 Edinburgh Terrace
Port Augusta SA 5700

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 532m2
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Property Details for 40 Edinburgh Tce, Port Augusta

40 Edinburgh Tce, Port Augusta is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1957. The property has a land size of 532m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 6 bedroom House sold in Port Augusta in the last 12 months.

Building Type
House
Year Built
1957
Land Size
532m2
Local Government
Port Augusta
Lot/Plan
A271/D6823

Last Listing description (April 2024)

Step into a smart investment zone with this dual-income duplex - a practical pick for investors seeking a steady income. It's bringing in $420 per week right now, and we're here to break down the facts that make this property a solid choice for anyone looking for a straightforward and reliable investment. Let's explore why this duplex is a wise move in the world of real estate.

FOR THE INVESTOR

Fixed tenancies: 20/10/23 - 17/10/24 & 15/12/23 - 12/12/24

Total rent per week: $420
Rent return: 6.83%

Land: 1150sqm
Year Built: 1957
Equivalent main area: 192m2

Council Rates:
1 Bottomley Street - $2,337.39
40 Edinburgh Terrace - $2,314.90

Zoning: SN - Suburban Neighbourhood
Easements: No
Water available: Yes
Sewer available: No

This property, with its fixed tenancies, steady rental income, and essential details, presents a tangible opportunity for investors seeking a reliable and straightforward return on their investment. Dive into the numbers and the solid foundation of this duplex for a wise move in real estate investment.

Property History for 40 Edinburgh Tce, Port Augusta, SA 5700

A timeline of how this property has performed in the market
Last Sold
$295,000
09 Apr 2024
Listed for Rent
$190/w
14 Sep 2020
  • 09 Apr 2024
    Sold for $295,000
  • 19 Jan 2024
    Listed for Sale Not Disclosed
  • 14 Sep 2020
    Listed for Rent - Price not available
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About Port Augusta 5700

The size of Port Augusta is approximately 20.5 square kilometres. It has 47 parks covering nearly 9.2% of total area. The population of Port Augusta in 2011 was 7,334 people. By 2016 the population was 6,568 showing a population decline of 10.4% in the area during that time. The predominant age group in Port Augusta is 50-59 years. Households in Port Augusta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Augusta work in a community and personal service occupation. In 2011, 57.3% of the homes in Port Augusta were owner-occupied compared with 54.7% in 2016.

Port Augusta has 4,111 properties. Over the last 5 years, Houses in Port Augusta have seen a 95.69% increase in median value, while Units have seen a 32.69% increase. As at 31 October 2024:

  • The median value for Houses in Port Augusta is $244,676 while the median value for Units is $160,814.
  • Houses have a median rent of $330 while Units have a median rent of $260.
There are currently 50 properties listed for sale, and 10 properties listed for rent in Port augusta on OnTheHouse. According to CoreLogic's data, 218 properties were sold in the past 12 months in Port augusta.

Suburb Insights for Port Augusta 5700

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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.