SOLD
Sold on 28 Nov 2024 for $1,567,500

9 Paringa Avenue
Somerton Park SA 5044

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 858m2
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Property Details for 9 Paringa Ave, Somerton Park

Building Type
Land
Year Built
1948
Floor Size
120m2
Land Size
858m2
Local Government
Holdfast Bay
Lot/Plan
A169/D2474

Last Listing description (June 2020)

RARE 858M2* INDUSTRIAL LAND IN PRIME SOMERTON PARK LOCATION

FOR SALE BY EXPRESSION OF INTEREST CLOSING 4PM, MONDAY 21ST OCTOBER 2019 (USB)

Land dimensions 18.29m* frontage x 46.94m* depth

Demolish and build*. Prime location amongst other quality industrial properties in exceptional beachside location.

Zoned by City of Holdfast Bay as Light Industry
* Subject to usual consents
All areas & dimensions aapproximate
RLA 205498

Property History for 9 Paringa Ave, Somerton Park, SA 5044

A timeline of how this property has performed in the market
Last Sold
$1,567,500
28 Nov 2024
  • 28 Nov 2024
    Sold for $1,567,500
  • 29 Nov 2019
    Sold for $770,000
  • 25 Sep 2019
    Listed for Sale Price Upon Application
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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 3,011 properties. Over the last 5 years, Houses in Somerton Park have seen a 127.60% increase in median value, while Units have seen a 84.76% increase. As at 30 November 2024:

  • The median value for Houses in Somerton Park is $1,805,644 while the median value for Units is $723,410.
  • Houses have a median rent of $700 while Units have a median rent of $498.
There are currently 19 properties listed for sale, and 1 property listed for rent in Somerton park on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Somerton park.

Suburb Insights for Somerton Park 5044

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Raine & Horne Commercial SA
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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.