SOLD
Sold on 04 Mar 2024 for $772,000

3 Rankine Street
Strathalbyn SA 5255

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 1440m2
Land area: 1440m2
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Property Details for 3 Rankine St, Strathalbyn

Building Type
Unknown
Floor Size
1440m2
Land Size
1440m2
Local Government
Alexandrina
Lot/Plan
A12/F15216

Last Listing description (March 2024)

Best offer by Friday 1/12 at 12 noon (unless sold prior)

Property highlights:


- Suit Owner Occupiers and Investors
- Generous 1440m2* near flat site in the heart of Strathalbyn's shopping & tourist precinct
- Unique dual tenancy opportunity (both residential & commercial)
- Currently utilised as a residence at the rear of the property with commercial site at the front of the allotment (formerly Ambulance station)
- 205m2* Commercial building with 98m2 of Residential living space
- 2-bedroom, 1 bathroom home with open plan kitchen / dining / lounge and entertaining space
- Large balance of land with substantial shedding and array of fixed improvements
- Majority of the site is sealed
- Fantastic high visibility location just minutes' walk from the main street
- Potential for an array of commercial ventures (subject to necessary consents)
- Zoned- Township Main Street

*Strathalbyn is located around 55km from the Adelaide CBD, 35km from the South Coast and a mere 45km from the Rural city of Murray Bridge.

The current population for Strathalbyn is 6,447, and is forecast to grow to 8,356 by 2041. Of the employed people in Strathalbyn (SA), the most common responses for industry of employment included Aged Care Residential Services 4.2%, Supermarket and Grocery Stores 3.4%, Hospitals (3.0%, Other Social Assistance Services 2.5% and Cafes and Restaurants 2.5%.

The vibrant township is certainly a town on the move with significant investment coming from various retail, industry, educational and medical entities. The residential development sector is just as strong with some 208 dwellings being built in the township in the last 12 months (No.5 ranking for townships through South Australia- source The Advertiser). A further 1000 residential allotments are forecast to be created over the next 10 years

Recently the township has undertaken a $7.7m revitalisation project which has bolstered the already strong appeal of Strathalbyn.
Strathalbyn has long been regarded as the business hub for surrounding towns and is the gateway to the Fleurieu Peninsula, all roads lead to one of South Australia's prettiest towns, Strathalbyn.

*Approximate

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any

Property History for 3 Rankine St, Strathalbyn, SA 5255

A timeline of how this property has performed in the market
Last Sold
$772,000
04 Mar 2024
  • 04 Mar 2024
    Sold for $772,000
  • 09 Nov 2023
    Listed for Sale $680,000 - $745,000
  • 29 Nov 2016
    Sold for $385,000
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About Strathalbyn 5255

The size of Strathalbyn is approximately 117 square kilometres. It has 26 parks covering nearly 1% of total area. The population of Strathalbyn in 2011 was 5,906 people. By 2016 the population was 6,511 showing a population growth of 10.2% in the area during that time. The predominant age group in Strathalbyn is 60-69 years. Households in Strathalbyn are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Strathalbyn work in a trades occupation. In 2011, 72.7% of the homes in Strathalbyn were owner-occupied compared with 73.2% in 2016.

Strathalbyn has 4,362 properties. Over the last 5 years, Houses in Strathalbyn have seen a 85.21% increase in median value, while Units have seen a 75.53% increase. As at 31 October 2024:

  • The median value for Houses in Strathalbyn is $706,352 while the median value for Units is $467,993.
  • Houses have a median rent of $573 while Units have a median rent of $280.
There are currently 36 properties listed for sale, and 5 properties listed for rent in Strathalbyn on OnTheHouse. According to CoreLogic's data, 300 properties were sold in the past 12 months in Strathalbyn.

Suburb Insights for Strathalbyn 5255

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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.