SOLD
Sold on 30 Nov 2023 for $1,300,000

4 Paringa Avenue
Somerton Park SA 5044

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 333m2
Land area: 858m2
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Property Details for 4 Paringa Ave, Somerton Park

Building Type
Commercial
Year Built
1954
Floor Size
333m2
Land Size
858m2
Local Government
Holdfast Bay
Lot/Plan
A163/D2474

Last Listing description (November 2019)

This incredible property has an approx. land area of 858sqm making it perfect for a display yard, bulky goods use and a variety of other applications (STCC). This property is versatile so it offers the opportunity to redevelop in the future or owner occupy!

This property in Somerton Park will not disappoint. It boasts an approx. 320sqm Besa Block factory workshop, wash down bay, 80amp 3 phase power supply and an expansive hardstand.


Zoned Light Industry in the City of Holdfast Bay Area.

Opportunity to buy adjoining property! Get in contact to find out more. You must be quick as these will not last long!

Contact Derek Blacker on 0413 274 481 or derek.blacker@rhc.com.au
RLA 205498/236458

Property History for 4 Paringa Ave, Somerton Park, SA 5044

A timeline of how this property has performed in the market
Last Sold
$1,300,000
30 Nov 2023
Listed for Rent
$250/w
15 Aug 2016
  • 30 Nov 2023
    Sold for $1,300,000
  • 10 Jan 2020
    Sold for $720,000
  • 31 May 2019
    Listed for Sale $850,000 + GST
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About Somerton Park 5044

The size of Somerton Park is approximately 2.3 square kilometres. It has 6 parks covering nearly 2.7% of total area. The population of Somerton Park in 2011 was 5,387 people. By 2016 the population was 5,544 showing a population growth of 2.9% in the area during that time. The predominant age group in Somerton Park is 50-59 years. Households in Somerton Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerton Park work in a professional occupation. In 2011, 65% of the homes in Somerton Park were owner-occupied compared with 68.3% in 2016.

Somerton Park has 2,995 properties. Over the last 5 years, Houses in Somerton Park have seen a 88.32% increase in median value, while Units have seen a 83.61% increase. As at 31 October 2024:

  • The median value for Houses in Somerton Park is $1,744,668 while the median value for Units is $708,781.
  • Houses have a median rent of $690 while Units have a median rent of $500.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Somerton park on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Somerton park.

Suburb Insights for Somerton Park 5044

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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.