225-227 Seacombe RoadSouth Brighton SA 5048
Property Details for 225-227 Seacombe Rd, South Brighton
225-227 Seacombe Rd, South Brighton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1973. The property has a land size of 1589m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Last Listing description (January 2020)
8 units on 1 Title in Popular Beachside Suburb
Rarely offered group of 6 x 1 bedroom units and 2 x bedsitters on a generous land holding of approx 1600 sq metres.
Fully rented, with a history of almost nil vacancy rate, these units are ideally located close to transport and within easy access to Westfield Marion, Flinders University and Medical Centre.
A short stroll to the beach with all the cafes and restuarants at hand and only a 25 minute ride into the CBD.
Currently returning approx $90,000 (gross) per year i.e. approx 7% return which makes this a fantastic investment opportunity.
Unit 1 current rent $215 pw, leased until May 2020
Unit 3 current rent $228 pw, leased until April 2020
Unit 5 current rent $185 pw, leased until December 2019
Unit 6 current rent $180 pw, leased until June 2019
Unit 7 current rent $215 pw, leased until May 2019
Unit 8 current rent $225 pw, leased until March 2020
Unit 9 current rent $225 pw, periodic lease
Unit 10 current rent $215 pw leased until March 2020
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.
Property History for 225-227 Seacombe Rd, South Brighton, SA 5048
- 08 Jan 2020Sold for $1,150,000
- 17 Apr 2019Listed for Sale Contact Agent
- 28 Oct 2016Sold for $1,005,000
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About South Brighton 5048
The size of South Brighton is approximately 1 square kilometres. It has 1 park covering nearly 1.8% of total area. The population of South Brighton in 2011 was 2,419 people. By 2016 the population was 2,486 showing a population growth of 2.8% in the area during that time. The predominant age group in South Brighton is 50-59 years. Households in South Brighton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brighton work in a professional occupation. In 2011, 69.9% of the homes in South Brighton were owner-occupied compared with 71.6% in 2016.
South Brighton has 1,363 properties. Over the last 5 years, Houses in South Brighton have seen a 80.98% increase in median value, while Units have seen a 87.63% increase. As at 31 December 2024:
- The median value for Houses in South Brighton is $1,256,218 while the median value for Units is $674,333.
- Houses have a median rent of $585 while Units have a median rent of $530.
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