1 Fourth StreetSnowtown SA 5520
Property Details for 1 Fourth St, Snowtown
1 Fourth St, Snowtown is a 2 bedroom, 1 bathroom House. The property has a land size of 1006m2. While the property is not currently for sale or for rent, it was last sold in January 2001.
Last Listing description (October 2016)
An investment opportunity to purchase a long standing business with a high yield has arrived!!!
This top investment opportunity sits on a 224.3m2 allotment on one title.
The long standing Deli is superbly located just off the Augusta Highway, the current tennants have been insitu for over 5 years!!!!
Snowtown is a growing area with established wind farms and has a major silo through fare, school, aged care facility, supermarket & hotel.
The rates and outgoings are paid by the tennant.
Improvements include a new colourbond roof, gutters and downpipes.
A new split system air conditioner has just been installed and the wiring has also just been updated.
There is also potential to lease out the adjoining room separately!!!!
Rental is $6257.00p/a inclusive of GST
This is a yield of 12.8%!!!!!
Call now to discuss this fabulous opportunity to either start or add to your investment portfolio!!!
Perfect for the self managed super fund!!
Property History for 1 Fourth St, Snowtown, SA 5520
- 22 Apr 2016Listed for Sale Not Disclosed
- 16 Jan 2001Sold for $15,000
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About Snowtown 5520
The size of Snowtown is approximately 178.4 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Snowtown in 2011 was 617 people. By 2016 the population was 473 showing a population decline of 23.3% in the area during that time. The predominant age group in Snowtown is 60-69 years. Households in Snowtown are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Snowtown work in a labourer occupation. In 2011, 74.8% of the homes in Snowtown were owner-occupied compared with 72.6% in 2016.
Snowtown has 495 properties. Over the last 5 years, Houses in Snowtown have seen a 53.35% increase in median value, while Units have seen a 30.48% increase. As at 31 October 2024:
- The median value for Houses in Snowtown is $273,676 while the median value for Units is $207,752.
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