SOLD
Sold on 30 Sep 2024 for $95,000

50 Riley Road
Wellington East SA 5259

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2028m2
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Property Details for 50 Riley Rd, Wellington East

Building Type
Land
Land Size
2028m2
Local Government
Coorong
Lot/Plan
A798/T170201

Last Listing description (September 2024)

Sustainable River Lifestyle

Elevated half-acre allotment in the fast-growing Wellington Marina, just a stone's throw from the Wellington Lake. Situated at the end of a peaceful cul-de-sac with a bitumen road, this presents as a great investment opportunity or a sustainable part-time or permanent River Murray lifestyle.

With no restrictions on build time and no Developer encumbrances on the type of build this block is an affordable opportunity to be part of the relaxed river lifestyle.

You are only within a short walk to the Pangarinda Botanic Garden, a short drive to the local free ferry to cross the river to the Wellington Hotel and within 40 minutes to the renowned Langhorne Creek wine region.

Conveniently located 1 hour's drive from the City of Adelaide and just 10 minutes to the new and exciting SA Motorsport Park at Tailem Bend.

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Property History for 50 Riley Rd, Wellington East, SA 5259

A timeline of how this property has performed in the market
Last Sold
$95,000
30 Sep 2024
  • 30 Sep 2024
    Sold for $95,000
  • 25 Jun 2024
    Listed for Sale SOLD BY DAMON BROHIER
  • 01 Feb 2024
    Sold for $95,000
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About Wellington East 5259

The size of Wellington East is approximately 59.3 square kilometres. It has 1 park covering nearly 1.6% of total area. The population of Wellington East in 2011 was 129 people. By 2016 the population was 174 showing a population growth of 34.9% in the area during that time. The predominant age group in Wellington East is 60-69 years. Households in Wellington East are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Wellington East work in a managers occupation. In 2011, 89.3% of the homes in Wellington East were owner-occupied compared with 75% in 2016.

Wellington East has 556 properties. Over the last 5 years, Houses in Wellington East have seen a 114.10% increase in median value. As at 30 November 2024:

  • The median value for Houses in Wellington East is $487,351 while the median value for Units is $483,635.
There are currently 10 properties listed for sale, and 1 property listed for rent in Wellington east on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Wellington east.

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