OFF MARKET

16 Festival Court
Salisbury SA 5108

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 70m2
Land area: 68m2
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Last updated 11 Nov 2024
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Property Details for 16 Festival Ct, Salisbury

16 Festival Ct, Salisbury is a 2 bedroom, 1 bathroom Unit and was built in 1978. The property has a land size of 68m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in July 2017.

Building Type
Unit
Year Built
1978
Floor Size
70m2
Land Size
68m2
Local Government
Salisbury
Lot/Plan
U16/S3520

Last Listing description (August 2018)

A guaranteed minimum yield of 7.40% until September 2020. Yes over 3 years guaranteed. What a great investment.

A secure upstairs 2 br unit with an easy walk to Para banks shopping center, local shops and public transport etc. New carpets and paint. View your undercover carport and visitor car park from kitchen window. A very short walk away.


The numbers tell the real story. $195 per week, plus any increases? until September 2020. No Vacancies, No renewal fees, No tenant damage issues. Not even any management fees, if you want? Just a genuine, quality long term tenant.

This tenant has 9 years secure employment history and family living locally. With a proven, faultless rent record since Sept 2016 and has now signed until Sept 2020. So what a great way to start or ad to your own property portfolio..

Inspections (if you can be bothered?) Need to be booked with tenant first. The unit is average yet solid, the numbers and security are outstanding and solid.

Do your numbers and include the problems and losses that you wont't have with this property.. DO YOU WANT A STRESS & FRET PROPERTY, OR A SET & FORGET PROPERTY

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Property History for 16 Festival Ct, Salisbury, SA 5108

A timeline of how this property has performed in the market
Last Sold
$131,500
27 Jul 2017
Listed for Rent
$190/w
04 Oct 2012
  • 27 Jul 2017
    Sold for $131,500
  • 01 Jun 2017
    Listed for Sale $137,000 UNDER CONTRACT :-)
  • 26 Sep 2012
    Listed for Rent - Price not available
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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 4,288 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 13 properties listed for sale, and 7 properties listed for rent in Salisbury on OnTheHouse. According to CoreLogic's data, 218 properties were sold in the past 12 months in Salisbury.

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