SOLD
Sold on 30 Nov 2023 for $558,500

4 Leitrim Street
Salisbury Downs SA 5108

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 114m2
Land area: 761m2
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Property Details for 4 Leitrim St, Salisbury Downs

4 Leitrim St, Salisbury Downs is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1971. The property has a land size of 761m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom House sold in Salisbury Downs in the last 12 months.

Building Type
House
Year Built
1971
Floor Size
114m2
Land Size
761m2
Local Government
Salisbury
Lot/Plan
A500/D6139

Last Listing description (November 2023)

Rick Schultz and Rocco Monteleone from Ray White Port Adelaide/Largs Bay are pleased to present to the market this exceptional investment and development opportunity in Salisbury Downs!

Here presents an opportunity that astute investors and visionary developers won't want to miss. With a generous 27.43m (approx.) frontage and sprawling across an approximate 770m allotment, this property beckons you to explore its boundless potential.

Imagine the possibilities with the large frontage and spacious allotment - subdivide and create 2 distinct properties (subject to planning consent). A seamless opportunity to maximise returns while enriching the local community with thoughtfully designed homes.

Currently, this property boasts a steady income stream, tenanted for $370 per week on a periodic lease. Enjoy immediate rental returns while you plan and execute your strategic development venture. An excellent option for investors seeking stable returns.

FEATURES INCLUDE:
*Wide frontage and large allotment
*Updated kitchen with stainless steel appliances including gas cooktop and electric oven
*3 spacious bedrooms, master with built-in robe
*Polished timber floorboards
*Reverse cycle split system air-conditioning
*Lockup carport
*Rear verandah
*Large rear yard and double shed
*Rainwater tank

Transform your investment portfolio with this strategic acquisition. Your financial future will thank you as the property's potential transforms into tangible success.

This enticing real estate offering won't wait forever. The clock is ticking, and the possibilities are endless. Whether you're an astute investor, an innovative developer, or an individual ready to embark on a rewarding real estate journey, this property has something extraordinary to offer.

Don't just dream - take action and turn your visions into reality. Contact Rick Schultz on 0468 616 740 or Rocco Monteleone on 0433 677 600 to explore this remarkable family home in Salisbury Downs and seize the opportunity that awaits!

Salisbury Downs is a suburb located in the City of Salisbury, Adelaide, South Australia. The suburb is bordered by Kings Road, the Little Para River, Burton Road, Spains Road and the Gawler railway line.

***Regarding price. The property is being offered to the market by way of Auction, unless sold prior. At this stage, the vendors are not releasing a price guide to the market. The agent is not able to guide or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email or at the open inspection***

"The vendor statement may be inspected at 129 Port Road, Queenstown for 3 consecutive days preceding the auction and at the auction for 30 minutes before it starts."

To place an offer on this property, please complete this Letter of Offer form https://forms.gle/WehvGVwwpn7gUvjQ7

Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.

Property History for 4 Leitrim St, Salisbury Downs, SA 5108

A timeline of how this property has performed in the market
Last Sold
$558,500
30 Nov 2023
Listed for Rent
$240/w
19 Sep 2009
  • 30 Nov 2023
    Sold for $558,500
  • 15 Aug 2023
    Listed for Sale $558,500 - SOLD AT AUCTION
  • 21 May 2014
    Sold for $256,000
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About Salisbury Downs 5108

The size of Salisbury Downs is approximately 2.8 square kilometres. It has 16 parks covering nearly 13.5% of total area. The population of Salisbury Downs in 2011 was 5,258 people. By 2016 the population was 5,973 showing a population growth of 13.6% in the area during that time. The predominant age group in Salisbury Downs is 20-29 years. Households in Salisbury Downs are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Salisbury Downs work in a labourer occupation. In 2011, 60.4% of the homes in Salisbury Downs were owner-occupied compared with 60.2% in 2016.

Salisbury Downs has 2,687 properties. Over the last 5 years, Houses in Salisbury Downs have seen a 121.14% increase in median value, while Units have seen a 108.14% increase. As at 30 September 2024:

  • The median value for Houses in Salisbury Downs is $625,753 while the median value for Units is $416,551.
  • Houses have a median rent of $500 while Units have a median rent of $278.
There are currently 3 properties listed for sale, and 5 properties listed for rent in Salisbury downs on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Salisbury downs.

Suburb Insights for Salisbury Downs 5108

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Ray White Port Adelaide & Largs Bay
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.