426 Payneham RoadGlynde SA 5070
Property Details for 426 Payneham Rd, Glynde
426 Payneham Rd, Glynde is a 5 bedroom, 3 bathroom House with 10 parking spaces and was built in 1975. The property has a land size of 655m2 and floor size of 91m2.
Last Listing description (February 2019)
THE BEST THING IS... THE PRESENT OPPORTUNITY. Currently the property is set up as 3 individual home units and based on our market research and the recent rental return, we believe a potential total rental return of $800p/wk is achievable. Approx $41,000 per year!
Opportunities like this don't come along often. Properties on Payneham Road close to CBD have a great potential for capital growth for the future. High exposure. ZONE 1.1-MEDIUM DENSITY DEVELOPEMNT POTENTIAL WITH COMMERCIAL MIXED USE POTENTIAL. (STCC)
The property is set up as 2 units with 4 lock up garages on the lower level and a penthouse 2 bedroom unit on the upper level. Potentially the upper level unit could be used as a home business set up and rent the lower level units out for a solid income.
- All units are completely self-contained with separate electricity meters.
- New carpets.
- Just repainted.
- Immaculate condition.
- All with air conditioning.
- Solid brick construction.
- 5kms to the city.
- Bus stop conveniently located right in front of the building which takes you straight to Adelaide Uni in only 15 minutes.
- Close to shops.
- Close to excellent schools.
- 5kms to the universities - great for student accommodation/rentals.
- Future development.
- Perfect superannuation investment.
- ENDLESS POTENTIAL!
Take advantage of this positive opportunity. Set yourself up for the future and reap the rewards.
Get excited!
THEON BRUSE 0419 816 470
Information
Certificate of Title: Volume 5825 Folio 684
Council: City of Norwood, Payneham & St Peters
Zoning: Residential/ 1.1 - Medium Density
Council Rates: $1005.13 per year (approx.)
SA Water Rates: $268.40 per quarter (approx.)
Emergency Services Levy: $455.70 per year (approx.)
Year Built: 1963
Land Size: 655m2 (approx.)
School Zoning: Felixstow Community School & Charles Campbell College
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.
Property History for 426 Payneham Rd, Glynde, SA 5070
- 21 Nov 2018Listed for Sale $890,000 - $950,000
Recent sales nearby
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0About Glynde 5070
The size of Glynde is approximately 0.9 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of Glynde in 2016 was 1931 people. By 2021 the population was 2102 showing a population growth of 8.9% in the area during that time. The predominant age group in Glynde is 30-39 years. Households in Glynde are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glynde work in a professional occupation.In 2021, 51.70% of the homes in Glynde were owner-occupied compared with 52.80% in 2016.
Glynde has 1,184 properties. Over the last 5 years, Houses in Glynde have seen a 97.32% increase in median value, while Units have seen a 81.52% increase. As at 31 January 2026:
- The median value for Houses in Glynde is $1,271,620 while the median value for Units is $743,612.
- Houses have a median rent of $675 while Units have a median rent of $500.
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