60 Three Chain RoadSolomontown SA 5540
Property Details for 60 Three Chain Rd, Solomontown
60 Three Chain Rd, Solomontown is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 888m2 and floor size of 180m2.
Last Listing description (November 2020)
There is a huge amount of scope here with this grand old home that is searching for the right person to bring it up to its full potential.
It is currently set up as 2 rentals with one side getting $145pw and the other previously $110pw with real potential to increase those figures. Both units have their own kitchen, lounge, bathroom, 2 bedrooms plus a carport each and a rear garage.
First home buyer could purchase as an affordable home, live in one side with tenant on other side paying most of the mortgage!
The block is 888 sqm with rear access to the large garage and it is very handy to the Solly Primary School, the beach, CBD and the high school. Perfect as a 9% plus investment, a home for a tradies with excellent shedding or just a beautiful old home. It needs some work and can be done gradually, the choices are all yours.
Property History for 60 Three Chain Rd, Solomontown, SA 5540
- 12 Mar 2015Listed for Rent $140 / week
- 07 Aug 2014Listed for Rent $140 / week
- 15 Aug 2013Listed for Rent $130 / week
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About Solomontown 5540
The size of Solomontown is approximately 4.3 square kilometres. It has 8 parks covering nearly 37% of total area. The population of Solomontown in 2011 was 1,064 people. By 2016 the population was 1,101 showing a population growth of 3.5% in the area during that time. The predominant age group in Solomontown is 40-49 years. Households in Solomontown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Solomontown work in a labourer occupation. In 2011, 63.9% of the homes in Solomontown were owner-occupied compared with 61% in 2016.
Solomontown has 807 properties. Over the last 5 years, Houses in Solomontown have seen a 113.73% increase in median value. As at 31 October 2024:
- The median value for Houses in Solomontown is $225,941 while the median value for Units is $229,466.
- Houses have a median rent of $340.
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