626/25 Colley TerraceGlenelg SA 5045
Property Details for 626/25 Colley Tce, Glenelg
626/25 Colley Tce, Glenelg is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 743m2 and floor size of 92m2.
Last Listing description (September 2016)
Set in a premier position with 180 degree views including the beach, Marina to Outer Harbour and the Adelaide Hills.
This stunning apartment offers a spacious and bright open plan living/dining room leading onto a balcony, ideal for a lazy breakfast or a pre-dinner drink!
There is a well equipped kitchen with a host of built in cupboards,a dishwasher and a separate laundry with built in washing machine.
Complimented with garaging for 2 cars, a swimming pool and gym, this property is a must live in and enjoy or perhaps as a great investment?
Currently the present owner is renting the property through the Oaks Hotel and is returning around 6%(excluding excellent depreciation benefits and is fully furnished by Oaks. If a new buyer continues this arrangement the apartment will be fitted out with brand new furniture valued at over $17,500.
The second car park is not included in the Oaks agreement enabling the buyer to separatley rent out or keep as a valuable spare car park (including unique access to the fitness centre and pool/sauna/spa facilities.
Live in//rent out Oaks arrangement where owners, family and friends can stay in their Oaks fully furnished apartment through out the year when it is available and Oaks will rent it from you on the days that you don't stay.
* 180 degree views
* 6% Gross return
* Includes $17,500 of new furniture, if leased back to Oaks
*Live in part of the year/Rent out to Oaks for the remainder
Property History for 626/25 Colley Tce, Glenelg, SA 5045
- 22 Oct 2015Listed for Sale Contact Agent
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About Glenelg 5045
The size of Glenelg is approximately 1.0 square kilometres. There are 5 parks, covering nearly 6.3% of the total area. The population of Glenelg in 2016 was 3349 people. By 2021 the population was 3440 showing a population growth of 2.7% in the area during that time. The predominant age group in Glenelg is 70-79 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation.In 2021, 51.40% of the homes in Glenelg were owner-occupied compared with 49.30% in 2016.
Glenelg has 3,517 properties. Over the last 5 years, Houses in Glenelg have seen a 61.69% increase in median value, while Units have seen a 69.50% increase. As at 31 July 2026:
- The median value for Houses in Glenelg is $1,953,410 while the median value for Units is $811,589.
- Houses have a median rent of $800 while Units have a median rent of $600.
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