SOLD
RECENT ADVICE
Sold on 30 Jun 2024 for $675,000

7-9 Lipson Road
Tumby Bay SA 5605

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 3m2
Land area: 1026m2
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Property Details for 7-9 Lipson Rd, Tumby Bay

7-9 Lipson Rd, Tumby Bay is a 3 bedroom, 3 bathroom House with 3 parking spaces and was built in 1993. The property has a land size of 1026m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Tumby Bay in the last 12 months.

Building Type
House
Year Built
1993
Floor Size
3m2
Land Size
1026m2
Local Government
Tumby Bay
Lot/Plan
A91/F204334

Last Listing description (July 2024)

It is hard to know where to start with describing this outstanding residential & commercial opportunity which presents a myriad of options.

The property currently consists of:
1 Shopfront with attached amenities - leased for $250pw

1 Shopfront with adjoining 2 bedroom residence - leased for $300pw
1 Home unit offering 1 bedroom + Living + Bathroom + Outdoor Area (Estimated rent $150pw)
1 Separate room - previously used as a laundromat
1 Large Storage Shed with internal bedroom/office
Approx 500m2 of vacant land to add another dwelling or to subdivide (STCC)
All on 1/4 acre allotment in the middle of town.

For the astute investor this has the potential to offer 5 separate sources of income. It also offers a wonderful opportunity for you to live, work & generate income all from the one property. Maybe you are just looking for the perfect place to build your own dream home?
The location is amazing - close to all services, a short stroll from the beautiful beach of Tumby Bay, a corner allotment & great main road frontage for business.

Just Wow! These opportunities don't come along often.

Property History for 7-9 Lipson Rd, Tumby Bay, SA 5605

A timeline of how this property has performed in the market
Last Sold
$675,000
30 Jun 2024
  • 30 Jun 2024
    Sold for $675,000
  • 05 Apr 2024
    Listed for Sale $780,000
  • 02 May 2022
    Listed for Sale $780,000
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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, 50 properties were sold in the past 12 months in Tumby bay.

Suburb Insights for Tumby Bay 5605

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Contact agent
Melanie Elliott
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Robin Hood Real Estate
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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.