29/5 Sparman CloseAdelaide SA 5000
Property Details for 29/5 Sparman Cl, Adelaide
29/5 Sparman Cl, Adelaide is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2001. The property has a floor size of 96m2.
Last Listing description (November 2013)
LOOKING FOR A SAFE LONG-TERM INVESTMENT WITH CAPITAL GROWTH!
This modern three-bedroom Torrens titled townhouse has a lease with extensions this could be your ideal long-term or self funded superannuation investment.
If you are tired of chasing rents and property managers and would like to sit back and let your rents come in each month without the headaches. Quest on Sturt (the tenant) have their own handyman to fix minor things and cleaners to keep your property in pristine condition. Quest also pays the building insurance and the rent direct to you bank account each month so no need for a property manager.
Torrens Title in Fee Simple - a rare find not community or strata
Rent $2,032 paid monthly plus building insurance equals approximately $480 pw income
5 Sparman Close, Adelaide SA 5000 known as Quest Townhouse 29
Current lease runs until the 31st July 2017, plus Quest have 2 rights of renewal of 5 years.
This is an unfurnished rental: Furniture and curtains are Quest???s responsibility.
Rent increases 4% annually on 1st August annually and market reviews are in 2017 and 2022.
Emergency Services Levy: $432.00 per annum.
Council Rates: approximately $499 per quarter
SA Water Rates: approximately $320 per quarter
Street management via an encumbrance $100 per quarter
Built: 2001
Zoning: Capital City Zone
NOTE: Sale of this property or loan default will NOT break the lease.
Townhouse Features:
Floating floors to the kitchen, dine, hallway and Lounge
Main bedroom has a built in robe, ensuite and balcony
Rear courtyard
Lock up garage with remote controlled door
Ducted reverse cycle air-conditioner
Instant Rinnai Infinity gas hot water & gas hotplates
Worst case scenario: Quest move out one day and you property jumps in price as current demand for owner occupiers group brings a premium as the property is located just a short walk from the tram, the central market, the legal precinct, Gouger Street, China town and a short stroll to CBD offices and shops.
As this property is leased to Quest most inspections are arranged between check out and check in times of 11:00 am to 1:30 pm, however other times can be arranged when the townhouse is unoccupied, so email or phone David to arrange a time that suits you.
Property History for 29/5 Sparman Cl, Adelaide, SA 5000
- 25 Sep 2013Listed for Sale $465,000 - $475,000
Recent sales nearby
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About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.
Adelaide has 18,869 properties. Over the last 5 years, Houses in Adelaide have seen a 32.10% increase in median value, while Units have seen a 44.41% increase. As at 31 August 2026:
- The median value for Houses in Adelaide is $1,203,171 while the median value for Units is $623,271.
- Houses have a median rent of $680 while Units have a median rent of $625.
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