2/22 Mellor StreetPort Augusta West SA 5700
Property Details for 2/22 Mellor St, Port Augusta West
2/22 Mellor St, Port Augusta West is a 6 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 6 bedroom House sold in Port Augusta West in the last 12 months.
Last Listing description (September 2024)
Invest in Port Augusta with this maisonette that presents an excellent opportunity for investors seeking a property with a reliable dual income stream. Both sides of the property are currently occupied by tenants, with fixed leases in place providing the assurance of steady rental income.
Each side of the property features 3 bedrooms and 1 bathroom, making it an ideal investment for those seeking a comfortable and spacious living environment. This property presents a great investment opportunity that is not to be missed. This property offers a strong rental return of the 7.7%, making it a highly attractive investment opportunity for investors seeking a promising rental property to expand their portfolio.
FOR THE INVESTOR
Rent per week: $235
Lease: 08/01/24 - 08/01/25
2 Riches Street
Rent per week: $235
Lease: 14/01/24 - 14/01/25
Land: 1576m2
Year Built: 1948
Equivalent main area: 91m2 (per dwelling)
Council rates: 2 Riches St: $1,722.21p.a.(2022/23) - 22 Mellor Street: $$1,722.21 p.a.(2022/23)
Zoning: Suburban Neighbourhood
Easements: Yes
Water available: Yes
Sewer available: Yes
Do not miss out on this great dual income investment opportunity. Contact Charmaine on 0428 656 181 for more information or inspection.
Additionally, when looking at properties it's important to have confidence in how much you can borrow. Ray White has partnered with Loan Market who can make this simple and stress free for you. As our customer, you'll receive a complimentary, obligation free chat with our local broker to discuss your options and tailor a lending solution to suit your needs. If you would like to speed up the process, click on the link below to get started today.
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Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. We do not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.
Property History for 2/22 Mellor St, Port Augusta West, SA 5700
- 19 Aug 2024Sold for $300,000
- 11 Jun 2024Listed for Sale SOLD
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0About Port Augusta West 5700
The size of Port Augusta West is approximately 83 square kilometres. It has 26 parks covering nearly 3.5% of total area. The population of Port Augusta West in 2011 was 4,153 people. By 2016 the population was 4,035 showing a population decline of 2.8% in the area during that time. The predominant age group in Port Augusta West is 50-59 years. Households in Port Augusta West are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Augusta West work in a community and personal service occupation. In 2011, 56.4% of the homes in Port Augusta West were owner-occupied compared with 56.2% in 2016.
Port Augusta West has 2,344 properties. Over the last 5 years, Houses in Port Augusta West have seen a 88.19% increase in median value, while Units have seen a 52.29% increase. As at 30 November 2024:
- The median value for Houses in Port Augusta West is $259,219 while the median value for Units is $213,217.
- Houses have a median rent of $350 while Units have a median rent of $285.
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