OFF MARKET

11 Moffett Street
Woodside SA 5244

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 88m2
Land area: 1079m2
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Property Details for 11 Moffett St, Woodside

11 Moffett St, Woodside is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1870. The property has a land size of 1079m2 and floor size of 88m2.

Building Type
Unit
Year Built
1870
Floor Size
88m2
Land Size
1079m2
Local Government
Adelaide Hills

Last Listing description (July 2015)

These three original symmetrical, four roomed cottages (with later additions at the rear are said to have been built circa 1870) which is re-confirmed in the then Onkaparinga Council Heritage Survey and prepared by the South Australian Centre For Settlement Studies 1983 I.e in 1894, three separate cottages were listed for this site (two on quarter acre lots and one on a half acre lot).
By further explanation these cottages were built to accommodate the miners in the short lived mining booms. Prior to 1869 and more so in the early 1880 s. The stables at the rear (now on a separate title as a residential home) were built later. The cottages were then used as coach drivers accommodation together with the stabling, the coach service between Woodside and Adelaide; in conjunction with the Coach Station and Head Office (stabling too!) on lot 4 in the main street of Woodside corner of main street and Langbein Avenue Woodside. This said arrangement was also associated with Cobb and Co.
Today the cottages are in relatively good condition, connected to mains water, CED and also offering roof and gutter upgrades in recent times. The front lounges have an open fire place, there are two double size bedrooms, kitchen, eating area, an enclosed sunny lobby area, and together with laundry and bathroom facilities.

There is also ample room for private garden for each cottage, a big backyard for the cottages to enjoy and three carports with an overall measurement of 5.5 meters x 2.5 meters each. It is also noted that a French drain has been placed on the top side of the property, right around the back area and out onto the road on the 'bottom side'.
The stone on the front of the buildings is in fine condition, complete with keyed stones over the windows and front door entrances (voussoirs). The front garden extends along all three cottages certainly enhance the amenity.
The very real current rentals have been up over $200 per week per unit with some refurbishment upgrades, the rents could be increased to $220/$230, and further renovations would see the rental yield hit approximately $250 per week per unit. In summary, even at $200 per week on each unit, the rent returns are very good at approx 6.3% (certainly for residential property).
Just a short walk to the main street, schooling, shops and amenities and only 30 minutes to the city. This fine investment opportunity should not be overlooked.

Property History for 11 Moffett St, Woodside, SA 5244

A timeline of how this property has performed in the market
  • 29 May 2015
    Listed for Sale UNDER CONTRACT!! $495,000

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About Woodside 5244

The size of Woodside is approximately 57.1 square kilometres. It has 18 parks covering nearly 0.6% of total area. The population of Woodside in 2011 was 2,784 people. By 2016 the population was 2,604 showing a population decline of 6.5% in the area during that time. The predominant age group in Woodside is 50-59 years. Households in Woodside are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woodside work in a professional occupation. In 2011, 73.7% of the homes in Woodside were owner-occupied compared with 75.4% in 2016.

Woodside has 1,430 properties. Over the last 5 years, Houses in Woodside have seen a 71.93% increase in median value, while Units have seen a 70.03% increase. As at 31 October 2024:

  • The median value for Houses in Woodside is $811,170 while the median value for Units is $544,150.
  • Houses have a median rent of $495 while Units have a median rent of $270.
There are currently 13 properties listed for sale, and 6 properties listed for rent in Woodside on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Woodside.

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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.