632/16 Holdfast Prom, Glenelg is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002. The property has a land size of 67m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Loads of options for rental income and currently leased through the Oaks Hotel Group with an outstanding income for 2016/17 of $29,012. Investors will appreciate a stress-free rental return through the Oaks Plaza Pier, whilst having the option to enjoy the apartment themselves from time to time or permanently if preferred. Alternatively, it represents the perfect opportunity for a fly-in fly-out worker to call home as well as reaping the rewards of income whilst away working. With the added benefit of an allocated secure car park, this is a sensational opportunity with flexibility,
Spacious one bedroom apartment is well appointed and conveniently fully furnished. The open plan living extends through to the balcony where you can relax and enjoy the vista. The large bedroom has built-in robes and the bathroom is modern with a spa bath and shower. The kitchen is well equipped with plenty of storage, electric oven and cooktop and dishwasher.
Property Features:
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 3,493 properties. Over the last 5 years, Houses in Glenelg have seen a 64.98% increase in median value, while Units have seen a 79.85% increase. As at 30 June 2026:
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