20 Mingbool AvenuePasadena SA 5042
Property Details for 20 Mingbool Ave, Pasadena
20 Mingbool Ave, Pasadena is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 749m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (January 2025)
Auction Location: On Site
Discover a prime investment opportunity at 20 Mingbool Avenue, Pasadena. This inviting solid brick home offers a strategic entry into a steadily growing market. Boasting north facing living, 3 good size bedrooms, an updated bathroom, and a functional updated kitchen with meals area, this property is designed for easy maintenance, tenant appeal, occupy or perhaps development.
Investors will appreciate the property's enduring lease to a long-term tenant, offering immediate returns. (Current lease expires in March 25) The robust potential for subdivision (subject to consents) enhances the appeal, adding a remarkable value uplift to this 760 sqm (approx.) allotment with a 17.68 m (approx.) frontage.
The neat, low-maintenance gardens and substantial rear verandah provide an ideal outdoor setting. Reverse cycle air conditioning ensures year-round comfort. The undercover parking for two vehicles, coupled with a handy rear shed, adds to the practicality and convenience of this home.
Pasadena boasts a strategic location with its proximity to key amenities. The nearby Pasadena Shopping Centre caters to all retail needs, while Flinders Medical Centre and Flinders University are easily accessible, making this property highly attractive to professionals and students alike. This boosts the rental demand in the area, providing investors with consistent tenant interest.
For those looking for an entry-level investment, this property also presents a first home buyer opportunity, contributing to a versatile investment strategy that can adapt as market conditions evolve. The substantial rear yard is perfect for families, enhancing its competitive market positioning.
This property opportunity extends beyond a mere residence; it invites strategic investors to capitalise on its scalability, low-maintenance characteristics, and premium location. Secure your stake in the flourishing Pasadena market today and watch your investment grow.
Local council: Mitcham
Council rates: $1,448.75pa approx.
Land size: 760 sqm approx
Year built: 1960
Frontage: 17.68 m approx.
SA Water rates: $176.57 p.q. approx.
Property History for 20 Mingbool Ave, Pasadena, SA 5042
- 23 Dec 2024Sold for $760,000
- 06 Nov 2024Listed for Sale Not Disclosed
- 13 Aug 2015Transferred
Recent sales nearby
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About Pasadena 5042
The size of Pasadena is approximately 2.2 square kilometres. It has 14 parks covering nearly 28.0% of total area. The population of Pasadena in 2016 was 2993 people. By 2021 the population was 3073 showing a population growth of 2.7% in the area during that time. The predominant age group in Pasadena is 70-79 years. Households in Pasadena are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pasadena work in a professional occupation.In 2021, 64.00% of the homes in Pasadena were owner-occupied compared with 66.20% in 2016.
Pasadena has 1,246 properties. Over the last 5 years, Houses in Pasadena have seen a 89.64% increase in median value, while Units have seen a 104.26% increase. As at 28 February 2026:
- The median value for Houses in Pasadena is $1,150,114 while the median value for Units is $613,981.
- Houses have a median rent of $650 while Units have a median rent of $480.
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