OFF MARKET

1 Mill Street
Riverton SA 5412

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 256m2
Land area: 1369m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Dec 2024
Low

High
Save

Property Details for 1 Mill St, Riverton

1 Mill St, Riverton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1369m2 and floor size of 256m2.

Building Type
Unit
Year Built
1970
Floor Size
256m2
Land Size
1369m2
Local Government
Clare & Gilbert Valleys

Last Listing description (May 2013)

Attention Investors!! 5 x 2 Bedroom Units on One Title.
An awesome investment opportunity to add to your portfolio - 5 lots of rent and 1 lot of council rates! These units are all leased to long term tenants (mostly an older demographic) and some have been in place for many years. You will be positively geared here with scope to modernise if you wish.

Each unit comprises two bedrooms, open plan living/meals adjacent the kitchen, combined bathroom and laundry with separate shower cubicle, and reverse cycle split system air conditioning.

It is an L-shaped group of 5 with a 4 bay carport on the corner, and Unit 5 has a carport in their own yard. Each unit has a picket front fence with a good size front yard and a rear courtyard, and there is a communal garden/orchard area which is currently under utilized.

Unit 5 has an exceptional garden at the loving hands of its long term occupier, and I have used her photos, but all units have the same layout, some are just a mirror image, and Unit 5 has more covered entertaining and garden area (mostly at her own expense).

The current combined rent on the properties is $660 per week, making this a very sound investment.

All maintenance issues are attended to immediately, and all rents are up to date.

Call Vicki Chamings on 0417812254 to secure before it is too late.
Additional feature/s - Property condition: Fair.

Property History for 1 Mill St, Riverton, SA 5412

A timeline of how this property has performed in the market
  • 17 Apr 2013
    Listed for Sale $430,000 - $450,000

Commute Calculator

About Riverton 5412

The size of Riverton is approximately 154 square kilometres. It has 8 parks covering nearly 0.3% of total area. The population of Riverton in 2011 was 1,213 people. By 2016 the population was 1,036 showing a population decline of 14.6% in the area during that time. The predominant age group in Riverton is 60-69 years. Households in Riverton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Riverton work in a managers occupation. In 2011, 74.6% of the homes in Riverton were owner-occupied compared with 69.8% in 2016.

Riverton has 781 properties. Over the last 5 years, Houses in Riverton have seen a 92.48% increase in median value. As at 30 November 2024:

  • The median value for Houses in Riverton is $384,777 while the median value for Units is $232,561.
  • Houses have a median rent of $258.
There are currently 5 properties listed for sale, and no properties listed for rent in Riverton on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Riverton.

Suburb Insights for Riverton 5412

Market Insights
Riverton Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Riverton Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.