232 Military RoadSemaphore SA 5019
Property Details for 232 Military Rd, Semaphore
232 Military Rd, Semaphore is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1905. The property has a land size of 796m2. While the property is not currently for sale or for rent, it was last transferred in August 2015.
Last Listing description (April 2008)
Ten units - Two titles
PRICE GUIDE: Above $1.5 Million
This is perhaps the most exciting investment opportunity to emerge in the Semaphore area for many years. Currently disposed as a complex of 10 residential units which could be converted back to the original 12. This property has a long history of stable tenancies producing a substantial return. Allowing for the letting of the units currently occupied by the owner, the property would produce a gross income in excess of $100,000 per year. There is every opportunity to further capitalise on its potential by converting to holiday apartments or self contained bed and breakfast units. Set over two titles with side access, great off street parking, in ground pool, plus garden and courtyard outdoor living, the property provides an inviting environment. Each unit is self-contained with its own private entrance and has been well maintained by a caretaker manager living on the site. Ideally located less than 100m from cosmopolitan Semaphore Road, near transport and the beach this property has all the attributes that make it a great investment in an area set for the brightest future.
Property History for 232 Military Rd, Semaphore, SA 5019
- 03 Aug 2015Transferred
- 20 Sep 2007Listed for Sale Not Disclosed
- 16 Feb 2007Listed for Rent - Price not available
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About Semaphore 5019
The size of Semaphore is approximately 1.2 square kilometres. It has 4 parks covering nearly 6.6% of total area. The population of Semaphore in 2011 was 2,825 people. By 2016 the population was 2,779 showing a population decline of 1.6% in the area during that time. The predominant age group in Semaphore is 50-59 years. Households in Semaphore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Semaphore work in a professional occupation. In 2011, 65.4% of the homes in Semaphore were owner-occupied compared with 67.3% in 2016.
Semaphore has 1,517 properties. Over the last 5 years, Houses in Semaphore have seen a 61.89% increase in median value, while Units have seen a 110.12% increase. As at 31 October 2024:
- The median value for Houses in Semaphore is $1,005,097 while the median value for Units is $619,510.
- Houses have a median rent of $650 while Units have a median rent of $480.
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