South RoadMile End SA 5031
Property Details for 1-4/192 South Rd, Mile End
1-4/192 South Rd, Mile End is a 9 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 807m2.
Last Listing description (January 2024)
A range of options for the astute investor in a rare offering. This high exposure site comprises a 3 bedroom house fronting onto South Road and 3 x 2 bedroom townhouses to the rear.
The three townhouses feature open living/dining on the ground level, separate kitchen and wc. A courtyard is accessible to the rear. 2 generous bedrooms and a balcony on the upper level with a full bathroom including bath tub. Off street parking allocated for each dwelling. Two of the three have been renovated including new kitchen and bathroom.
The main dwelling features original 1970's fixtures and fittings except the lower level has been updated including the kitchen to accommodate the existing tenancy. This is an opportunity to add some serious value.
Fully leased showing a healthy income. Explore the option of renovating the remaining two dwellings, converting to community title and realise the value or enjoy a solid return for the investment portfolio.
For further details or an Information Memorandum, please contact Nick Ploubidis on 0423 840 514 or Theo Mylonas on 0402 884 877.
CT Number: Volume 5650 Folio 974
Name of Council: City of West Torrens
Water Rates: $235.38 per quarter (approx)
Land Size: 807sqm (approx)
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Property History for 1-4/192 South Rd, Mile End, SA 5031
- 11 Oct 2023Listed for Sale $1,790,000
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0About Mile End 5031
The size of Mile End is approximately 1.8 square kilometres. It has 4 parks covering nearly 1.3% of total area. The population of Mile End in 2016 was 4431 people. By 2021 the population was 4536 showing a population growth of 2.4% in the area during that time. The predominant age group in Mile End is 20-29 years. Households in Mile End are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mile End work in a professional occupation.In 2021, 53.10% of the homes in Mile End were owner-occupied compared with 51.30% in 2016.
Mile End has 2,335 properties. Over the last 5 years, Houses in Mile End have seen a 78.30% increase in median value, while Units have seen a 94.73% increase. As at 31 January 2026:
- The median value for Houses in Mile End is $1,203,665 while the median value for Units is $701,133.
- Houses have a median rent of $650 while Units have a median rent of $585.
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