SOLD
Sold on 26 Feb 2024 for $285,000

5-7 Sorata Street
Port Augusta SA 5700

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 115m2
Land area: 626m2
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Property Details for 5-7 Sorata St, Port Augusta

5-7 Sorata St, Port Augusta is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1972. The property has a land size of 626m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Port Augusta in the last 12 months.

Building Type
House
Year Built
1972
Floor Size
115m2
Land Size
626m2
Local Government
Port Augusta
Lot/Plan
A25/D1125

Last Listing description (February 2024)

Welcome to this well built brick veneer property situated on an approximate 626m2 allotment.
Currently, the property is tenanted at $380 per week, equating to approx 6.58% gross return on full purchase price, making it an attractive prospect for investors seeking steady returns and with a tenant already in place, investors can seamlessly step into this opportunity without any vacancy concerns, ensuring immediate returns on investment.
The property exudes charm and has been well maintained, showcasing the durability and timeless appeal of brick veneer construction. With 3 bedrooms (2 with BIR's - master with wall a/c), light filled living room with split system air-conditioner, open plan dining and blackwood kitchen and upgraded fully tiled bathroom. Other features include roller shutters on all main windows and home alarm. Embrace the outdoors with extensive paving, and a covered entertainment area with retractable blinds and benefit from the convenience of a double garage alongside secure undercover parking, providing ample space for vehicles, boat and/or storage.

Sitting high and proud in a quiet neighbourhood, conveniently close to the Port Augusta Hospital, beautiful Lions Park, amenities, schools and enjoy easy access to the CBD and recreational facilities, providing a well-rounded lifestyle for tenants or future homeowners.

2023/2024 Council Rates are $2,293.98 p.a
Current lease - 02/06/2023 - 01/06/24

Property History for 5-7 Sorata St, Port Augusta, SA 5700

A timeline of how this property has performed in the market
Last Sold
$285,000
26 Feb 2024
  • 26 Feb 2024
    Sold for $285,000
  • 18 Jan 2024
    Listed for Sale SOLD
  • 02 Jun 2023
    Sold for $255,000
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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 4,108 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 44 properties listed for sale, and 11 properties listed for rent in Port augusta on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Port augusta.

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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.