234 Onkaparinga Valley RoadOakbank SA 5243
Property Details for 234 Onkaparinga Valley Rd, Oakbank
Last Listing description (April 2017)
Opportunity knocks!!
Utilised as the Oakbank General Store for many decades, the property has been renovated and upgraded considerably over the years. This property offers so many prospects for the commercially savvy buyer.
The front of the building offers what was previously the main commercial area. Previously customers would enter via the front door into the shop . The room, now utilised as living and dining, (by the current tenants) offers high ceilings, polished timber floors, reverse cycle air-conditioning, timber venetians along the front windows and a sink and dishwasher at the rear of the room. There is direct access to the study which was previously the postal room (the wall mounted post boxes still remain).
At the rear of the home is a separate family living area positioned in an L shape configuration with carpet flooring. This room also overlooks an atrium area, which, with a small amount of imagination, could be transformed into an eye catching indoor/outdoor greenery. There are two bedrooms leading off of this living area, both offering high ceilings, carpet flooring and adjoining is the bathroom and semi-combined laundry. The bathroom offers shower over bath, vanity and toilet.
The rear of the building, under the main roof, offers a single, partly enclosed car carport with direct access to the main building, plus a separate large storage room. The exterior courtyard offers a lawn area and paved entertainment area, complete with shade sails.
This is an outstanding opportunity for a savvy business operator to run a shop front business, with prime Main road frontage, whilst utilising the living facilities at the rear due to ongoing existing usage over many years (Business type STCC). Or purchase as an investment with immediate returns.
The property is currently rented on a fixed term residential basis at $400 per week.
Property History for 234 Onkaparinga Valley Rd, Oakbank, SA 5243
- 23 Dec 2022Transferred for $448,276
- 19 Apr 2017Sold for $465,000
- 05 Jul 2016Listed for Sale Under Contract $485,000
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About Oakbank 5243
The size of Oakbank is approximately 27.4 square kilometres. There are 4 parks, covering nearly 1.2% of the total area. The population of Oakbank in 2016 was 832 people. By 2021 the population was 865 showing a population growth of 4.0% in the area during that time. The predominant age group in Oakbank is 50-59 years. Households in Oakbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakbank work in a professional occupation.In 2021, 84.00% of the homes in Oakbank were owner-occupied compared with 82.40% in 2016.
Oakbank has 467 properties. Over the last 5 years, Houses in Oakbank have seen a 74.57% increase in median value, while Units have seen a 65.64% increase. As at 31 July 2026:
- The median value for Houses in Oakbank is $1,240,854 while the median value for Units is $597,930.
- Houses have a median rent of $395.
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