13/18 Nitschke StreetMillicent SA 5280
Property Details for 13/18 Nitschke St, Millicent
13/18 Nitschke St, Millicent is a 5 bedroom, 2 bathroom Unit. The property has a land size of 1400m2.
Last Listing description (May 2024)
An exceptional investment opportunity awaits with this stone duplex situated on a large corner allotment, presenting two separate residences at 13 McMorron Street and 18 Nitschke Street. Each residence offers its own unique features and selling points, providing a dual income stream for the savvy investor.
At 13 McMorron Street, you are greeted by a lounge with carpets and reverse cycle air conditioning, leading through to a functional kitchen equipped with a freestanding electric stove, hotplates, lino flooring, cupboards, and laminate benchtops. The hallway leads to three comfortable bedrooms, each with carpets. Along with a central bathroom featuring a hand basin, combination shower and bath. Additional features include a separate laundry, toilet, store/sunroom at the rear of the property, fully fenced rear yard, and gas instantaneous hot water service. Currently leased at $190.00 per week with a rent increase to $220.00 per week effective 27/7/24.
18 Nitschke Street boasts an open plan lounge/dining room with laminate flooring, freestanding wood fire, ceiling fan, and reverse cycle air conditioning upon entry. The kitchen offers an L-shaped layout with a free-standing electric stove and hotplates. There are two bedrooms with laminate flooring, while the second bedroom flows through to a store room and sunroom. The bathroom includes a combination shower and bath, vanity, and wall heater. Other highlights consist of a tiled laundry, separate toilet with cupboards underneath, gas instantaneous hot water system, rear decked pergola semi-enclosed for outdoor entertaining, large rear yard on corner allotment with three utility sheds for storage needs, and access from both streets with fully fenced grounds. Currently leased at $210.00 per week with a rent increase effective 3/5/24.
SA water Rates of $153.70 + water usage per qtr. (tenant reimburses s/c $74.50 + usage)
Don't miss out on this exceptional opportunity to secure a dual income investment property in a prime location!
Property History for 13/18 Nitschke St, Millicent, SA 5280
- 02 May 2024Listed for Sale $310,000
- 09 Jan 2020Listed for Sale $160,000
Recent sales nearby
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0About Millicent 5280
The size of Millicent is approximately 155.6 square kilometres. It has 28 parks covering nearly 0.7% of total area. The population of Millicent in 2016 was 5109 people. By 2021 the population was 5110 showing a population growth of 0.0% in the area during that time. The predominant age group in Millicent is 60-69 years. Households in Millicent are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millicent work in a labourer occupation.In 2021, 72.40% of the homes in Millicent were owner-occupied compared with 70.10% in 2016.
Millicent has 3,292 properties. Over the last 5 years, Houses in Millicent have seen a 105.77% increase in median value, while Units have seen a 136.72% increase. As at 30 November 2025:
- The median value for Houses in Millicent is $392,289 while the median value for Units is $397,047.
- Houses have a median rent of $330 while Units have a median rent of $170.
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