3 Marion RoadMitchell Park SA 5043
Property Details for 3 Marion Rd, Mitchell Park
3 Marion Rd, Mitchell Park is a 8 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 664m2 and floor size of 114m2.
Last Listing description (May 2024)
An absolute gem of a find! Not often do opportunities like this come around. For the discerning investor after a group of 3 units all on the one title. In a pivotal position on the doorstep of main transport routes, close by to fantastic schooling, Flinders Medical Centre, Park Holme and Westfield Marion Shopping Centres and of course, the beaches and lifestyle that they offer. All three units currently tenanted out (see below for lease details).
- Torrens Titled and all 3 units on the one title
- Unit group built in 1975
- Offering a strong annual return of approx $62,920
- All units updated over the years
- Heating and cooling for each unit
- Easy care both inside and out for the tenants
Unit #1
Fixed term lease until 2/6/2023
Rental amount of $390 per week
2 bedrooms and updated throughout. Spacious lounge area with split system air con, large kitchen/meals room with rear courtyard access. Floating floors, separate toilet and main updated bathroom. Outside private rear yard and access to your own laundry room.
Unit #2
Periodic lease
Rental amount of $410 per week
3 bedroom freshly refurbished and updated throughout. Looks fantastic! Formal lounge with split system air con and downlights, big renovated kitchen with lots of cupboard space, rangehood and new appliances. This overlooks the eat-in meals. Three bedrooms (large master) and updated bathroom with new toilet, mirror cabinet and sink. All freshly painted throughout and new flooring add to its new and modern look. Access to rear laundry via the kitchen and small rear yard area.
Unit #3:
Fixed term lease until 1/9/2023
Rental amount of $410 per week
3 bedrooms and located at the rear of the group. Car park at the rear of the unit. Formal lounge upon entry to the unit which is a really good size and with split system air conditioning. Big separate updated kitchen/meals room with upgraded flooring. Spacious master bedroom along with two other bedrooms. Updated bathroom, outside access to laundry.
As the property is to be offered to market under auction conditions, the Vendors Statement and associated paperwork may be inspected at our office at 765 Marion Road, Ascot Park, SA for three consecutive business days and at the property for 30 minutes prior to the auction commencing.
Title: Torrens
Year Built: 1975
Land Size: 664 sqm
Frontage: 15.24m / Depth 43.59m
Council: City Of Marion
Council Rates: $3310.07 per annum
Water / Sewer Supply: $442.92 per quarter (usage additional)
ESL Levy: $259.25 per annum
All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified.
RLA 222182
Property History for 3 Marion Rd, Mitchell Park, SA 5043
- 29 Jun 2023Listed for Sale Not Disclosed
- 15 Jan 2016Listed for Sale $369,000 - $389,000
- 11 Mar 2015Listed for Sale under contract
Recent sales nearby
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0About Mitchell Park 5043
The size of Mitchell Park is approximately 2.1 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Mitchell Park in 2016 was 5465 people. By 2021 the population was 5754 showing a population growth of 5.3% in the area during that time. The predominant age group in Mitchell Park is 30-39 years. Households in Mitchell Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mitchell Park work in a professional occupation.In 2021, 47.00% of the homes in Mitchell Park were owner-occupied compared with 47.00% in 2016.
Mitchell Park has 2,751 properties. Over the last 5 years, Houses in Mitchell Park have seen a 88.73% increase in median value, while Units have seen a 111.10% increase. As at 31 January 2026:
- The median value for Houses in Mitchell Park is $928,671 while the median value for Units is $672,990.
- Houses have a median rent of $660 while Units have a median rent of $508.
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