SOLD
Sold on 24 Sep 2024 for $1,111,000

1/29 Ann Street
Salisbury SA 5108

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Floor area: 47m2
Land area: 53m2
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Property Details for 1/29 Ann St, Salisbury

1/29 Ann St, Salisbury is a 1 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1967. The property has a land size of 53m2 and floor size of 47m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Salisbury in the last 12 months.

Building Type
Unit
Year Built
1967
Floor Size
47m2
Land Size
53m2
Local Government
Salisbury
Lot/Plan
U1/S5179

Last Listing description (September 2016)

Immediate strong cash flow
Build your investment portfolio with this group of four flats in great condition separately titled. Each flat has one bedroom, one bathroom and separate laundry with off street parking available.
The group has secure long term tenants currently leased for a combined $870 per week or $45,240 per annum Approximately. Great location right in the centre of Salisbury close to Salisbury shopping centre, schools takeaway and Salisbury train station.

The site is zoned Salisbury Town Centre Policy Area which includes shops, offices and consulting rooms (STCC)
Split system air conditioner
Generous sized units with rear yards
Bathroom with separate shower and bath
All are fully rented with long term tenants.
Maintained gardens and common area
Total area approximately 778sqm
An easy, safe and profitable investment.
Solid brick construction throughout
Excellent rental return
With interest rates as they are there would never be a better time to purchase a group of 4 flats to build your portfolio.
INSPECTION BY APPOINTMENT

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Property History for 1/29 Ann St, Salisbury, SA 5108

A timeline of how this property has performed in the market
Last Sold
$1,111,000
24 Sep 2024
  • 24 Sep 2024
    Sold for $1,111,000
  • 18 Aug 2016
    Sold for $620,000
  • 10 May 2016
    Listed for Sale Not Disclosed
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About Salisbury 5108

The size of Salisbury is approximately 4.6 square kilometres. It has 22 parks covering nearly 15.6% of total area. The population of Salisbury in 2011 was 7,549 people. By 2016 the population was 8,205 showing a population growth of 8.7% in the area during that time. The predominant age group in Salisbury is 20-29 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Salisbury work in a labourer occupation. In 2011, 53.7% of the homes in Salisbury were owner-occupied compared with 52.3% in 2016.

Salisbury has 4,287 properties. Over the last 5 years, Houses in Salisbury have seen a 119.93% increase in median value, while Units have seen a 126.33% increase. As at 31 October 2024:

  • The median value for Houses in Salisbury is $638,693 while the median value for Units is $415,175.
  • Houses have a median rent of $500 while Units have a median rent of $395.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Salisbury on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in Salisbury.

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