OFF MARKET

5/66 Festival Court
Salisbury SA 5108

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 58m2
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Last updated 11 Nov 2024
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Property Details for 5/66 Festival Ct, Salisbury

5/66 Festival Ct, Salisbury is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1978. The property has a floor size of 58m2.

Building Type
Unit
Year Built
1978
Floor Size
58m2
Local Government
Salisbury

Last Listing description (December 2018)

This neat ground floor unit is perfect for savvy investors looking to expand their portfolio. Set in a neat group located close to all local facilities, this investment can be as easy as purchase and forget.
Located within a very short walking distance to the under renovation Parabanks Shopping Centre and the Salisbury CBD, this location allows for convenience and ease of transport. Being situated close to Salisbury Interchange, catch the train and you'll be in the Adelaide CBD within half an hour. Despite not needing a vehicle, there is an undercover car allocation.
Currently the property is leased to a long-term tenant of twelve years who has indicated he would like to stay on. The rent is currently set at $160 per week but others in this group are currently leased for $200 - $210 per week.

Crunch the numbers and do your sums, outgoings are approximately:
Council Rates - $998.75 per annum
Water Rates - $154.25 per quarter
Strata Fees - $233.93 per quarter
Sinking Fund - $52.50 per quarter
You'll struggle to find a unit with current strata fees as low as this one. Contact us today to arrange your own inspection of this neat unit.

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Property History for 5/66 Festival Ct, Salisbury, SA 5108

A timeline of how this property has performed in the market
  • 06 Oct 2017
    Listed for Sale $114,950 $114,950

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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, 221 properties were sold in the past 12 months in Salisbury.

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