46 King St, Sandy Bay is a 4 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 1900. The property has a land size of 324m2 and floor size of 258m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
Situated literally in the heart of Sandy Bay and within walking distance to absolutely everything is this incredible opportunity to procure a charming terrace house that has been considerably renovated and is currently utilised as two separate two bedroom units.
Behind its stunning fa ade lies an exciting investment opportunity which will create enormous interest amongst investors and developers alike. The two units are currently tenanted which generates an excellent rental return albeit with plenty of further potential available to its new owner. Each unit offers comfortable living with plenty of light and generously sized rooms. The kitchen/living areas face north allowing plenty of sunshine all year round. There is also off street parking for at least four cars and a small low maintenance garden.
This property also boasts wonderful street appeal and sits adjacent to the main shopping/business centre of Sandy Bay. This location, of course, provides the new vendors with an abundance of opportunities from both residential and/or commercial sectors.
The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23% of total area. The population of Sandy Bay in 2011 was 11,156 people. By 2016 the population was 11,925 showing a population growth of 6.9% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation. In 2011, 63.1% of the homes in Sandy Bay were owner-occupied compared with 61.5% in 2016.
Sandy Bay has 5,841 properties. Over the last 5 years, Houses in Sandy Bay have seen a 37.00% increase in median value, while Units have seen a 19.52% increase. As at 31 October 2024:
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