8/15-17 Spains RoadSalisbury SA 5108
Property Details for 8/15-17 Spains Rd, Salisbury
8/15-17 Spains Rd, Salisbury is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2010. The property has a land size of 257m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in June 2010.
Last Listing description (April 2011)
Calling all Investors!!!
Guaranteed rent for 10 yearsWhere you have nothing to worry about.
The rent returning from $300 p/w with CPI increases.
The three bedroom home offers an extra family room, all on a good sized allotment.
The properties are designed and constructed by the vendors and sold to an investor. The property will need to be leased back to vendor for a period of 10 years.
Term:
10 years.
Rental:
Market Valuation at the commencement of the lease
Rent Review Dates:
On the anniversary of each year, rental will be indexed by CPI and periodically adjusted to Market Values to protect you against inflation, except for the Rental Valuation Review Dates
Rental Valuation Review Dates:
Years 4 and 7 at vendors expense
Outgoings:
All outgoings are paid by you with the exception of water consumption, electricity, gas and telephone charges.
Maintenance:
The property is managed by the vendor at a nominal fee charged to you. We will carry out periodical property inspections; attend to non-structural repairs and any emergency maintenance on your behalf, in accordance with the lease to add value to your investment.
Lease Benefits:
- Guaranteed rental return paid each month in advance to your nominated account.
- No vacancy risk as the vendor bears all exposure.
- Enjoyment of capital gains at the end of term.
Fees:
Refer to the Lease agreement for fees details
Property History for 8/15-17 Spains Rd, Salisbury, SA 5108
- 10 Apr 2011Listed for Sale Not Disclosed
- 06 Oct 2010Listed for Sale Not Disclosed
- 22 Jun 2010Sold for $2,479,000
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0About 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.
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