44 Lakin CrescentTumby Bay SA 5605
Property Details for 44 Lakin Cres, Tumby Bay
44 Lakin Cres, Tumby Bay is a 6 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 2020. The property has a land size of 770m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (September 2022)
TWO HOUSES ON ONE TITLE - MULTIPLE INCOME OPPORTUNITY!
OPTION A: LIVE IN ONE & RENT OUT THE OTHER? OWNER CURRENTLY LIVES IN HOUSE 1 & HOUSE 2 IS TENANTED
OPTION B: RENT OUT BOTH HOUSES 1 AND 2 WITH A POTENTIAL COMBINED APPROXIMATE RENT RETURN OF $650-$700 PER WEEK!!!
OPTION D: POTENTIAL TO DO A COMMUNITY TITLE SUBDIVISION WITH SHARED YARDS & SELL ONE OR BOTH (Subject to Council Consents & Others Relevant Approvals)
Inside photos are of House 1 which the owner currently lives in and will be available for vacant possession.
House 2 is currently rented at $325 per week including water with potential to increase to $350 per week.
The current owner would prefer the buyer to keep the current quiet LONG TERM tenants in House 2.
Both houses are modern with beautiful designs. The build was finished end of November 2019.
House 2 has identical finishes and is a mirror image of House 1, except for House 1 has a single garage and House 2's single garage design has been converted into a second living.
Both houses have a spacious open plan living, dining & kitchen with induction cooktops, breakfast bar and butler's pantry with a dishwasher, extra sink and additional storage. Heating and cooling is sorted with split systems in the open plan living areas and ceiling fans in the bedrooms.
Each house has its own electric hot water service, water softener, modular rainwater tank & 6kW 22 panel solar system!
There is a low maintenance shared yard with garden beds out the front and back.
There is a undercover entertaining area lean-to off the shed.
Sit back, relax, and enjoy the slow-paced lifestyle that Tumby Bay has to offer. A popular year-round destination for fishermen and holiday-makers alike. A place where you can do as you please - sit back and enjoy the serenity of a beautiful seaside town, or get active and get out on the water. (Source: https://www.eyrepeninsula.com/tumby-bay)
Tumby Bay is just a 25 minute drive to the Port Lincoln Airport and then only a 50 minute flight to Adelaide. Driving time from Tumby Bay to Adelaide is six and a half hours & 35 minute drive to Port Lincoln.
LOW MAINTENANCE, LOW COST, LIVING
Check out the drone photo - This house is close to the beach! What's not to love.
BE QUICK to secure this amazing opportunity.
Inspections by appointment - Phone Jordan Foster on 0477 097 941 or email Jordan.Foster@raywhite.com
Council Rates (2021-2022): $1,996.40, per annum (approximately)
SA Water (2021-2022): Supply Charge $68.60 + Water Usage, per quarter (approximately)
One water meter for the two houses.
Individual electricity bills.
Disclaimer: Floor plans, measurements and boundary outlines are approximate and are to be used as a guide only.
Both houses referred to as House 1 & House 2 are on one title - boundary outlines are for a visual reference only for the potential to rent separately. Both House 1 & House 2 outlined have separate entrances.
All information provided including rates and distances have been obtained from sources we believe to be accurate; however, we cannot guarantee its accuracy. We take no liability for any errors or omissions. Interested parties should conduct their own independent research to verify the accuracy of the information provided.
Property History for 44 Lakin Cres, Tumby Bay, SA 5605
- 26 May 2022Sold for $559,000
- 07 Sep 2021Listed for Sale $569,000
- 15 Mar 2019Sold for $80,000
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0About 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.
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