11/11 Heritage DriveWallaroo SA 5556
Property Details for 11/11 Heritage Dr, Wallaroo
11/11 Heritage Dr, Wallaroo is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 80m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (January 2024)
LEASED/MANAGED WATERFRONT INVESTMENT COPPER COVE MARINA
Situated within the Wallaroo Marina Hotel Complex.
This Property presents investors with an opportunity to secure a Long Term, Waterfront Real Estate Investment!
The serviced Apartments feature 1 double bedroom with ensuite, open space living/dining area, galley kitchen and balcony, with expansive views over the main marina basin and North Beach.
The Apartments are currently leased to a commercial operator, with the opportunity to exercise renewal options until 2044.
The current monthly lease to the complex operator is $1250 per calendar month.
Outgoings for each property are :
$245 per month community corporation
$25 per month SA Water
$211 per month council rates
The operator has rights of renewal of the lease until 2044.
For a full information memorandum, contact the sole selling agent, Michael Nance on 0428 294 141
Property History for 11/11 Heritage Dr, Wallaroo, SA 5556
- 22 Feb 2022Listed for Sale UNDER CONTRACT
- 11 Aug 2021Sold for $275,000
- 13 Mar 2012Sold for $240,000
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0About Wallaroo 5556
The size of Wallaroo is approximately 48.2 square kilometres. It has 30 parks covering nearly 2.6% of total area. The population of Wallaroo in 2011 was 3,225 people. By 2016 the population was 3,462 showing a population growth of 7.3% in the area during that time. The predominant age group in Wallaroo is 60-69 years. Households in Wallaroo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wallaroo work in a labourer occupation. In 2011, 64.3% of the homes in Wallaroo were owner-occupied compared with 61.3% in 2016.
Wallaroo has 3,499 properties. Over the last 5 years, Houses in Wallaroo have seen a 118.56% increase in median value, while Units have seen a 88.06% increase. As at 31 October 2024:
- The median value for Houses in Wallaroo is $471,678 while the median value for Units is $392,572.
- Houses have a median rent of $370 while Units have a median rent of $200.
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