OFF MARKET

2/370 Military Road
Semaphore Park SA 5019

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 83m2
Land area: 338m2
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Property Details for 2/370 Military Rd, Semaphore Park

2/370 Military Rd, Semaphore Park is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 338m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1980
Floor Size
83m2
Land Size
338m2
Local Government
Charles Sturt
Lot/Plan
F2/C20670

Last Listing description (April 2023)

Dwelling 1 $495k-$535k
Dwelling 2 $495k-$535k

Two homes. Two titles. One rare chance to utilise the many possibilities, whether you're an astute investor looking to set and forget or you're a multi-generational family in search of valuable flexibility.

This is a package deal; combining a pair of standalone two-bedroom homes placed on a parcel that could be sub-divided and developed (STCC) if you don't want to keep the status quo.

What is the status quo? Both homes are under periodic lease, giving you flexibility in the way you plot their futures - and yours.

Will you keep the steady rental income flowing as it is? Will you live in one and lease out the other? Or is this finally the opportunity to bring the grandparents closer to the kids?

Whatever you do, it's nice knowing these neat and comfortable abodes - both with a lock-up garage and multiple living zones - have so much going for them in the their current states.

Just a stroll from Semaphore South's Esplanade, a par 3 golf course and Point Malcolm Reserve and Playground, all those possibilities could hardly be better placed. What will you do?

More to love:
Both homes currently rented under periodic lease agreements
Super-functional kitchen, lounge and casual meal zones to both home
Garages to each home, plus plenty of extra onsite parking
Separate laundry
Low-care gardens
Air-conditioning provisions
Walking distance from public transport
Close to several schools and shopping options
A short drive from Adelaide's many metro beaches
No more than 30 minutes from the CBD
And much more

Specifications:
CT / 5809/461 & 5809/462
Council / City of Charles Sturt
Zoning / GN
Built / 1980
Land / 308m2 & 338m2
Council Rates / 1/ $1135.25pa 2 / $1135.65pa
Emergency Services Levy / 1 / $102.65pa 2 / $103.40pa
SA Water Rates per quarter / $142.10pq
Strata Rates / $46.09pq
Strata Manager / AAMI
Rental Estimate / Unit 1 $395/week, Unit 2 $450/week = $845/week for both
Nearby Schools / Westport P.S, Le Fevre Peninsula P.S, Alberton P.S, Le Fevre H.S

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Property History for 2/370 Military Rd, Semaphore Park, SA 5019

A timeline of how this property has performed in the market
Last Sold
$485,000
25 May 2023
Listed for Rent
$435/w
12 Apr 2023
  • 25 May 2023
    Sold for $485,000
  • 20 Feb 2023
    Listed for Rent $435 / week
  • 05 Oct 2022
    Listed for Sale $495k-$535k
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About Semaphore Park 5019

The size of Semaphore Park is approximately 2.1 square kilometres. It has 11 parks covering nearly 12.4% of total area. The population of Semaphore Park in 2011 was 4,225 people. By 2016 the population was 4,312 showing a population growth of 2.1% in the area during that time. The predominant age group in Semaphore Park is 60-69 years. Households in Semaphore Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Semaphore Park work in a professional occupation. In 2011, 54.5% of the homes in Semaphore Park were owner-occupied compared with 54.1% in 2016.

Semaphore Park has 2,061 properties. Over the last 5 years, Houses in Semaphore Park have seen a 84.37% increase in median value, while Units have seen a 102.14% increase. As at 31 October 2024:

  • The median value for Houses in Semaphore Park is $1,024,503 while the median value for Units is $670,161.
  • Houses have a median rent of $620 while Units have a median rent of $485.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Semaphore park on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Semaphore park.

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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.