OFF MARKET

197 Hancock Road
Tea Tree Gully SA 5091

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 115m2
Land area: 724m2
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Property Details for 197 Hancock Rd, Tea Tree Gully

197 Hancock Rd, Tea Tree Gully is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1963. The property has a land size of 724m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
House
Year Built
1963
Floor Size
115m2
Land Size
724m2
Local Government
Tea Tree Gully
Lot/Plan
A179/D6063

Last Listing description (February 2021)

Perfect to rent out and redevelop at a future date. A chance to purchase valuable flat land with an extra wide frontage in this popular location within easy walking distance to St Agnes Shopping Centre, major bus routes and Banksia Park International School. The 1960's house has currently been rented by the current tenant for over 10 years and would love to stay on. Currently paying $275 per week an investors dream.
The home is currently in reasonable condition for its age with 2 bedrooms (main with built-ins) plus massive entrance hall leading into a lounge with gas heating. There is ducted evaporative air conditioning plus spacious kitchen with adjoining dining room. At the rear is a full-length rear verandah with pull down blinds - perfect for BBQ's.
A special feature of the home is the excellent parking and garaging. An enclosed carport with roller door leads into another parking area with a side carport for that 3rd vehicle. Also, we have a workshop and tool sheds for ample storage .

In short a great opportunity to purchase valuable land in this ever popular location

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Property History for 197 Hancock Rd, Tea Tree Gully, SA 5091

A timeline of how this property has performed in the market
Last Sold
$360,000
18 Dec 2020
  • 18 Dec 2020
    Sold for $360,000
  • 26 Oct 2020
    Listed for Sale UNDER CONTRACT/OFFER
  • 28 Nov 2006
    Sold for $220,000
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About Tea Tree Gully 5091

The size of Tea Tree Gully is approximately 4.3 square kilometres. It has 11 parks covering nearly 39.4% of total area. The population of Tea Tree Gully in 2011 was 3,124 people. By 2016 the population was 3,253 showing a population growth of 4.1% in the area during that time. The predominant age group in Tea Tree Gully is 40-49 years. Households in Tea Tree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tea Tree Gully work in a professional occupation. In 2011, 84.1% of the homes in Tea Tree Gully were owner-occupied compared with 81.9% in 2016.

Tea Tree Gully has 1,693 properties. Over the last 5 years, Houses in Tea Tree Gully have seen a 86.77% increase in median value, while Units have seen a 101.78% increase. As at 30 September 2024:

  • The median value for Houses in Tea Tree Gully is $778,129 while the median value for Units is $526,830.
  • Houses have a median rent of $580 while Units have a median rent of $293.
There are currently 7 properties listed for sale, and 1 property listed for rent in Tea tree gully on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Tea tree gully.

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