This 3-bedroom, 1-bathroom, townhouse with courtyard, was built in 2003 and was initially offered at $405,000 to $425,000 in February 2019. Its asking price is now reduced to $379,000 to $399,000. Not a bad price given that the current Asking Price for all houses in post code 5043 is approx. $475,000 to $482,000. Over the last 12 months, house asking prices have decreased by 0.2% in this postcode however, over the last month there has been a minor but promising 0.1% increase.
Sitting on a 238 sqm block of land, with a floor area of 112 sqm, this townhouse offers 3 spacious bedrooms, lounge area with a 9ft (2.74m) coffered ceiling, separate laundry, additional separate toilet, a low maintenance courtyard and reverse cycle ducted air-conditioning and an 8 panel solar system.
The home is located close to Ascot Park train station, quality schools, Castle Plaza and Marion Shopping Centres, Adelaide CBD and local beaches. It is a low maintenance home in a group of three and on a quiet, family friendly street. It would suit first home buyers, down-sizers and investors alike.
This is a high demand suburb where the Vacancy Rate is a very low 0.5%. You can achieve rents of $400 - $411 per week in this postcode for houses. Over the last month, rents have increased 3.7% for 3 bedroom houses in this area and units have increased 7.9%. Gross Rental Yield is 4.44% for houses and 5.46% for units.
Currently Adelaide’s housing market is one of the most stable in the country and as at 28 May 2019, Adelaide was the only capital city to record increases over the month in both houses and units at 0.2% and 0.4% respectively.
Keep monitoring this market and other areas by accessing free property data at SQM’s website. Also consider the Property Valuation product for more in-depth data and property price estimator.