Fully furnished, low maintenance, conveniently positioned, and ideal for the first home buyer or astute investor.
Ideally located only a 25 minute drive from the CBD and a 5 minute drive to one of Adelaide’s largest supermarkets, these two units (ground floor & upstairs) in a group of eight present enormous value for the keen investor or first home buyer.
Offered at the attractive price of $232,500 each, and currently tenanted at $315p/w until 11/02/21 (Unit 4) and 04/02/2021 (Unit 5), these highly affordable units offer an approximate 7.00% rental yield to the new owner!
These units both features two sizeable bedrooms (master with Built-In-Robe), and a generous 21m2 living/meals area adjacent to the kitchen.
Other great features include split system air conditioning, designated parking space and communal yard – and both units are offered fully furnished.
Mitchell Park Kindergarten & St Bernadette’s Primary School are both within a five minute drive, Pasadena Foodland, Westfield Marion and Flinders Medical Centre & University are all less than a 10 minute drive away, and the Adelaide CBD is just a twenty-five minute drive directly down South & Anzac Highway, or slightly quicker via Goodwood Road & Unley Road.
Rates & Fees:
Council Rates (Mitcham): $274.00 per quarter
Strata Rates (Strata Data): $450.00 per quarter
SA Water Rates: $156.20 per quarter (plus usage)
Emergency Services Levy: $144.25 per annum
Total Per Annum Outgoings: $3,805.05 per annum (plus SAW usage)
Legal Description of Properties:
Title Reference: CT 5032/839 (Unit 4) & CT 5032/840 (Unit 5)
Plan Reference: S3637 Unit 4 & S3637 Unit 5
Local Government: City of Mitcham
Zoning: Residential (Central Plains)
Year Built: 1969
Living Area: 64m2
All information provided has been obtained from sources we believe to be accurate. Whilst Raine & Horne Blackwood has no reason to question the validity and accuracy of the information, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property’s land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.
|R&H Suburb Summary||Houses|
|Number of sales||11|
|Median Rental Price||$375 p.w.|
|Change in Rental Rate (5yr)||6 %|
|R&H Suburb Summary||Units|
|Number of sales||4|
|Median Rental Price||$288 p.w.|
|Change in Rental Rate (5yr)||10 %|