82 Sixteenth StreetRenmark SA 5341
Property Details for 82 Sixteenth St, Renmark
82 Sixteenth St, Renmark is a 1 bedroom, 1 bathroom House with 2 parking spaces and was built in 1983. The property has a land size of 950m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (November 2018)
Located close to the River and just a short walk to the Hotel, Club and town centre is this fantastic investment opportunity.
Three brick veneer units all currently tenanted.
A spacious three bedroom unit with built-in robes to all bedrooms, open plan living area, ducted air conditioning, carport under main roof with automatic roller door and a paved rear verandah.
The third unit offers one bedroom, meals/living area plus separate lounge, split system air conditioning, double garage UMR and paved rear verandah.
The property is currently receiving $580.00 per week gross income, giving a gross return of 7%.
This is a high quality investment package and one of the best to be offered in this area.
Property History for 82 Sixteenth St, Renmark, SA 5341
- 05 Dec 2018Sold for $420,000
- 28 Sep 2018Listed for Sale Not Disclosed
- 27 Jul 2014Sold for $340,000
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0About Renmark 5341
The size of Renmark is approximately 14.9 square kilometres. It has 30 parks covering nearly 9.6% of total area. The population of Renmark in 2011 was 4,386 people. By 2016 the population was 4,637 showing a population growth of 5.7% in the area during that time. The predominant age group in Renmark is 60-69 years. Households in Renmark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Renmark work in a labourer occupation. In 2011, 53.2% of the homes in Renmark were owner-occupied compared with 54.5% in 2016.
Renmark has 2,842 properties. Over the last 5 years, Houses in Renmark have seen a 75.96% increase in median value, while Units have seen a 68.18% increase. As at 31 October 2024:
- The median value for Houses in Renmark is $356,546 while the median value for Units is $303,745.
- Houses have a median rent of $380 while Units have a median rent of $260.
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