OFF MARKET

27 Preece Street
Tumby Bay SA 5605

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 95m2
Land area: 809m2
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Property Details for 27 Preece St, Tumby Bay

27 Preece St, Tumby Bay is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 809m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1980
Floor Size
95m2
Land Size
809m2
Local Government
Tumby Bay
Lot/Plan
A64/D5465

Last Listing description (November 2021)

Consisting of two x two bedroom units which are situated approx.300 metres from the beach, caravan park, marina and sailing club in the beautiful township of coastal Tumby Bay South Australia.
Upstairs of each unit are two double sized bedrooms, carpeted, air conditioner units and with access to rear balcony with glimpses of sea views and with gentle sea breezes. Spacious bathrooms with vanity, shower, separate bath (unit 1)and a toilet. The landing area could be utilized as office space and has access to separate front balconies.
Downstairs spacious open plan kitchen/dining/lounge with Unit 2 having new floor coverings and the kitchen having been recently renovated also. Additionally roller blinds to both units front windows. A large laundry with a separate toilet. Each unit has its own backyard with a garden shed and rotary clothesline and paving.

Plenty of area for parking- car's, boat, caravan etc.
Both have been continually tenanted and showing healthy returns Unit 2 Lease expires 4/9/21 & Unit 1 is vacant. This is giving the current landlords the opportunity to refurbish unit 1 with new downstairs flooring, new kitchen and repainting after an eight year tenancy. These units represent a wonderful investment opportunity. Perhaps keep one as your own holiday unit.
It is very unlikely you would be able build anything similar on this sized block for this asking price.
DISTRICT COUNCIL OF TUMBY BAY RATE NOTICE 2O21/2O22
$2,840.94 ANNUAL CHARGE
Landlord Insurance $1,212.37
Your inspection by appointment with Eyre Peninsula's Best Real Estate
highly recommended.

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Property History for 27 Preece St, Tumby Bay, SA 5605

A timeline of how this property has performed in the market
Last Sold
$402,000
29 Nov 2021
Listed for Rent
$180/w
02 Oct 2010
  • 29 Nov 2021
    Sold for $402,000
  • 03 Dec 2015
    Listed for Sale Not Disclosed
  • 19 Jun 2014
    Sold for $395,000
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About Tumby Bay 5605

The size of Tumby Bay is approximately 303.8 square kilometres. It has 16 parks covering nearly 0.5% of total area. The population of Tumby Bay in 2011 was 1,826 people. By 2016 the population was 1,622 showing a population decline of 11.2% in the area during that time. The predominant age group in Tumby Bay is 60-69 years. Households in Tumby Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tumby Bay work in a managers occupation. In 2011, 69.6% of the homes in Tumby Bay were owner-occupied compared with 74% in 2016.

Tumby Bay has 1,482 properties. Over the last 5 years, Houses in Tumby Bay have seen a 87.47% increase in median value, while Units have seen a 27.61% increase. As at 31 October 2024:

  • The median value for Houses in Tumby Bay is $455,142 while the median value for Units is $232,945.
  • Houses have a median rent of $415 while Units have a median rent of $205.
There are currently 23 properties listed for sale, and 2 properties listed for rent in Tumby bay on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Tumby bay.

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