OFF MARKET

LOT/893 Pangarinda Drive
Wellington East SA 5259

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Property Details for Lot/893 Pangarinda Dr, Wellington East

Building Type
Land
Local Government
Coorong

Last Listing description (May 2014)

Shhh!
Real estate is a lot like the stock market - once the secret is out - it is invariably too late! On offer are 10 allotments of approximately 2028 square metres each - that's over half an acre - and just a hop and a skip - not even a jump - from the pristine waters of the mighty Murray. Most importantly - they are all zoned Residential! Add to this the proximity to the ferry which can make the journey a tad quicker - depending on where you are hailing from and the reason must be asked - why wouldn't you snap one - or two or even the entire lot up! The owners know that they are cheap but they have other fish to fry so you could be frying freshly caught fish in your own private riverside getaway. This is a once in a lifetime opportunity. As they are zoned residential the council has said that they are sub-dividable - down to 600 square metres and if opposite a reserve they are down to 400 square metres. Currently there are plans in to build on this land so as long as you meet the guidelines with a 3,000 litre septic system and have a carport you should be okay! The current residents in the area advise that solar panels, inverter and batteries will provide ample electricity and allow you to bypass the grid becoming self sufficient is the way to go forward in the 21st Century. As the Marina progresses the questions of infrastructure regarding SA Water, electricity and sealed roads will be addressed. This is a genuine opportunity to make a guaranteed investment in your future with comparatively very little outlay. Patience is a virtue. The question isn't should we buy it's how many! The allotments are well signposted just start driving down Pangarinda Drive. The allotments are bordered by Pangarinda Drive on the right hand side and Weber road on the left if you are looking down from Wellington Road. Stage 2 of The Marina has been sold almost- and the plans are here to show you the proposal for further development and how the land overlooks this. Enjoy your visit and a take note of the quality of the homes that are already built. This is a serious location with an almost flippant price tag. Go on - I defy you to find anything else remotely as good for $35,000.

Property History for Lot/893 Pangarinda Dr, Wellington East, SA 5259

A timeline of how this property has performed in the market
  • 15 Mar 2012
    Listed for Sale $35,000 - $38,000

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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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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.