10 Festival CourtSalisbury SA 5108
Property Details for 10 Festival Ct, Salisbury
10 Festival Ct, Salisbury is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 69m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (May 2016)
Astute property investing involves purchasing a property in a good location whilst ensuring the numbers all add up. With minimal outlay and an excellent return, this unit certainly ticks all the investment boxes.
Located within a very short walking distance of the soon-to-be redeveloped Parabanks Shopping Centre and the Salisbury CBD, this location allows for convenience and ease of transport. Being situated close to Salisbury Interchange, catch the train and you'll be in the Adelaide CBD within half an hour. Despite not needing a vehicle, there is an undercover car allocation.
LOCATION AND A GREAT RETURN
This neat, two bedroom unit, situated upstairs, is currently tenanted at $210.00 per week and with one of the lowest strata fees around, the bulk of your monthly mortgage repayment will be covered.
Crunch the numbers and do your sums, outgoings are:
Council Rates - $940.50 per annum
Water Rates - $160.55 per quarter
Strata Fees - $210.54 per quarter
Sinking Fun - $50.00 per quarter
These outgoings are supported by a great rental return of $210.00 per week. Call Michael Janda today to arrange a viewing of this great investment opportunity.
Unit 23 is also available for purchase, allowing the opportunity of buying two investments in the same group.
Property History for 10 Festival Ct, Salisbury, SA 5108
- 14 Jul 2023Sold for $227,000
- 18 May 2016Sold for $133,500
- 28 Aug 2015Listed for Sale $135,000
Recent sales nearby
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About Salisbury 5108
The size of Salisbury is approximately 4.6 square kilometres. There are 22 parks, covering nearly 15.6% of the total area. The population of Salisbury in 2016 was 8205 people. By 2021 the population was 8841 showing a population growth of 7.8% in the area during that time. The predominant age group in Salisbury is 30-39 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Salisbury work in a labourer occupation.In 2021, 54.00% of the homes in Salisbury were owner-occupied compared with 52.30% in 2016.
Salisbury has 4,368 properties. Over the last 5 years, Houses in Salisbury have seen a 138.98% increase in median value, while Units have seen a 138.67% increase. As at 31 May 2026:
- The median value for Houses in Salisbury is $791,215 while the median value for Units is $493,216.
- Houses have a median rent of $570 while Units have a median rent of $450.
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