11/72 Booth Avenue, MORPHETT VALE, South Australia, 5162

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Sold for $220,000 (Oct 02, 2017)

Investment Unit with Very Attractive Yield!

Under Contract!

This well maintained and very neatly presented 2 bedroom unit is located close to Junk Food Corner, two local Primary Schools, the Southgate Plaza Shopping Centre and a vast range of variety/specialty shops and food outlets and all the main bus routes.

Built in 1985 of brick veneer construction, this 2 bedroom and 1 bathroom unit has security doors on the front and back doors, carpets throughout, a large open lounge, a dining area with a reverse cycle air-conditioner, a large main bedroom with a built-in robe, a good size second bedroom and a separate toilet and laundry.

The carport is directly adjacent to the unit with gates for security and there is also a toolshed and fruit trees in the large rear yard (which most units just do not have!).

This attractive unit will provide a solid entry point into the investment property market or an addition to an established investment property portfolio with the current tenant holding a fixed term lease until early July 2018 and providing a current rental return of $275pw (6.65%pa gross yield).


Raine & Horne Blackwood RLA44686

Property Info:

  • Property ID: 17646717
  • Property Type: Unit
  • Garages: 1

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R&H Suburb Profile: Morphett Vale

R&H Suburb Summary Houses
Number of sales 359
Average Price $307,502
Median Price $305,000
Median Rental Price $325 p.w.
Change in Rental Rate (5yr) 8 %
R&H Suburb Summary Units
Number of sales 49
Average Price $244,809
Median Price $239,000
Median Rental Price $280 p.w.
Change in Rental Rate (5yr) 6 %
Morphett Vale, SA - Median Trend