SOLD
Sold on 16 Sep 2024 for $450,000

1/302 Young Street
Wayville SA 5034

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 69m2
Land area: 71m2
Sold By
Toop & Toop Norwood
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Property Details for 1/302 Young St, Wayville

1/302 Young St, Wayville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 71m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Wayville in the last 12 months.

Building Type
Unit
Year Built
1968
Floor Size
69m2
Land Size
71m2
Local Government
Unley
Lot/Plan
U1/S3511

Last Listing description (September 2024)

Auction Location: On site

PRIME INNER-CITY OPPORTUNITY

Presenting an exceptional option for savvy investors or first-home buyers, this charming two-bedroom unit epitomises strategic investment in one of South Australia's most sought-after suburbs.

With unrivalled proximity to the Adelaide CBD and a wealth of amenities, this property is set to deliver robust returns and strong capital growth for years to come.

Currently tenanted until February 2025 at $450/week, this home's recent updates to the kitchen and bathroom ensure a modern living experience, blending comfort with style. The low-maintenance design allows for hassle-free management, making it an ideal choice for those looking to minimise expenditure and maximise profitability.

The key attraction of this property is its unbeatable location. Nestled just 1 km south of the CBD and with public transport options on your doorstep, it offers tenants the luxury of city living without the frenetic pace. The Goodwood Road precinct is within walking distance, providing a delightful array of pubs, cafes, and boutique shops, ensuring a vibrant lifestyle. Moreover, the Adelaide Showgrounds and the popular Farmer's Market are mere moments away, providing weekend entertainment and fresh local produce.

The property falls within the catchment zones for some of the state's most highly regarded public schools. It is zoned for Adelaide and Adelaide Botanic High Schools, as well as Goodwood Primary School, which enhances its appeal to tenants and underscores its potential for rental income growth.

The presence of Drakes Wayville nearby ensures convenient access to grocery shopping, while public transport connectivity simplifies commuting, making it an ideal residence for professionals seeking quick access to the CBD.

From an investment perspective, Wayville itself is a suburb poised for continuous growth. Its desirability is underscored by increasing property values and strong rental demand driven by its proximity to educational institutions, recreational facilities, and the central business district.

This property represents a compelling proposition for buyers striving to secure a home in a location brimming with convenience and lifestyle benefits. With its strategic positioning, updated amenities, and minimal upkeep requirements, it stands as a top-tier choice that promises substantial growth and secure returns. Engage with this opportunity now to enrich your portfolio with a property that truly outshines the competition.

Home highlights:
- Updated kitchen
- Updated bathroom
- Modern appliances
- Two good-sized bedrooms
- Off-street parking space

Shopping:
- 450m to Drakes Wayville
- 5 minutes to Unley Shopping Centre
- 2 minutes to Goodwood Rd shopping precinct

Local attractions, entertainment and conveniences:
- 5 minutes to the Adelaide CBD
- 2 minutes to the Wayville Reserve
- 9km to Glenelg Beach
- 2 minutes to Goodwood Road shops, pubs, cafes and restaurants
- 5 minutes to King William Road retail and dining precinct

Education:
- Zoned to Goodwood Primary School
- Zoned to Adelaide High School and Adelaide Botanic High School

Method of Sale:
- Auction at 10.30am on Saturday, August 17 (unless sold prior)


Disclaimer:
Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our Vendors, and as such, TOOP+TOOP makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.

For more information:
Contact Ben Scadden of TOOP+TOOP Real Estate on 0401 573 580

Property History for 1/302 Young St, Wayville, SA 5034

A timeline of how this property has performed in the market
Last Sold
$450,000
16 Sep 2024
Listed for Rent
$430/w
15 Feb 2022
  • 16 Sep 2024
    Sold for $450,000
  • 31 Jul 2024
    Listed for Sale Not Disclosed
  • 02 Feb 2022
    Listed for Rent $430 / week
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About Wayville 5034

The size of Wayville is approximately 1.1 square kilometres. It has 2 parks covering nearly 1.7% of total area. The population of Wayville in 2011 was 1,734 people. By 2016 the population was 1,830 showing a population growth of 5.5% in the area during that time. The predominant age group in Wayville is 20-29 years. Households in Wayville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wayville work in a professional occupation. In 2011, 54.4% of the homes in Wayville were owner-occupied compared with 50.8% in 2016.

Wayville has 1,102 properties. Over the last 5 years, Houses in Wayville have seen a 94.36% increase in median value, while Units have seen a 64.80% increase. As at 31 October 2024:

  • The median value for Houses in Wayville is $1,898,905 while the median value for Units is $641,200.
  • Houses have a median rent of $645 while Units have a median rent of $478.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Wayville on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Wayville.

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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.