5/202 Payneham Rd, Evandale is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1975. The property has a land size of 86m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Set back from the pack and positioned in a small and humble group of eight, this fresh two-bedder perfectly balances a modern motif with low-maintenance security.
Currently owned as an investment with great potential for a profitable rental yield, the home provides great scope for every stage of life.
Singles will value the buzzing city-fringe lifestyle, couples will love the proximity to the offices of the CBD, families and savvy investors will love an astute addition to their property portfolio, and downsizers will love the 'lock-up and leave' way of life.
You will never be at a loss for dinner and drink locations again with proximity to the trendy restaurants and bars along Norwood Parade, in addition to the buzzing atmosphere of the CBD nightlife and annual festivals.
The best of a vibrant cosmopolitan life without the unwelcome price tag awaits
More to love:
- Set back from the street in a small, quiet group that has recently received a refreshing facelift
- Rare offering of two designated car spaces, one undercover
- Two spacious and light-filled bedrooms, both featuring built-in robes and main with ceiling fan
- Modern kitchen with stainless steel appliances including gas cooktop, filtered water system through the kitchen tap and plenty of cupboard space
- Sparkling bathroom with new toilet and vanity
- Separate internal laundry
- Ample storage
- Split system air conditioning
- Roller shutters for added security, noise and temperature control
- Rent ready with an impressive return
- Zoned for reputable East Adelaide, Trinity Gardens and Norwood Morialta Schools
- Close by to every necessary amenity at Marden and The Avenues shopping complex
- Public transport by way of bus just a short walk away
All of this and so, so much more.
CT 5943/129
Council / City of Norwood Payneham & St. Peters
Zoning / General Neighbourhood
Built / 1975
Council Rates / $1052.00pa
SA Water / $143.38pq
ES Levy / $104.20pa
Strata / $437.37pq
Nearby Schools / East Adelaide School, Trinity Gardens School, Open Access College, Open Access College Marden Campus
All information provided has been obtained from sources we believe to be accurate, however, 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 enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
The size of Evandale is approximately 0.4 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Evandale in 2016 was 1370 people. By 2021 the population was 1378 showing a population growth of 0.6% in the area during that time. The predominant age group in Evandale is 20-29 years. Households in Evandale are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Evandale work in a professional occupation.In 2021, 64.10% of the homes in Evandale were owner-occupied compared with 62.90% in 2016.
Evandale has 664 properties. Over the last 5 years, Houses in Evandale have seen a 70.27% increase in median value, while Units have seen a 82.74% increase. As at 31 March 2026:
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