18/59 Grand Junction Rd, Rosewater is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 12m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in April 2008.
Ideal portfolio starter........
A genuine chance to enter the real estate market at a lower entry level. Ideal in the form of a very affordable investment and representing a low maintenance option. This two bedroom upstairs unit is ideally located to all facilities. Located very close to the rejuvenated Port Adelaide and with transport and shopping facilities at your front door this unit is sure to keep a tenant happy. Affordability is a major issue in real estate and in this price range you will find it very difficult to find anything in the Western suburbs and so close to Port Adelaide..The unit is currently tenanted til November at $130 pwk. The unit offers all year round temperature control with split system A/C. if you are looking to get into property investment this is a great starter at a low risk level. If time isn't an issue buy now bank the rent and move in later.If bought as a long term investment the rental market has a very low vacant occupancy rate and properties in this price range for rent are always in strong demand. Whether first time investor or multi owner landlord this one should be on the list.
Additional feature - Close to Port Adelaide.
The size of Rosewater is approximately 1.3 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Rosewater in 2011 was 3,338 people. By 2016 the population was 3,280 showing a population decline of 1.7% in the area during that time. The predominant age group in Rosewater is 50-59 years. Households in Rosewater are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rosewater work in a trades occupation. In 2011, 65% of the homes in Rosewater were owner-occupied compared with 64.3% in 2016.
Rosewater has 1,738 properties. Over the last 5 years, Houses in Rosewater have seen a 88.19% increase in median value, while Units have seen a 83.86% increase. As at 30 September 2024:
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