2/5-7 Simpson Street, Salisbury East, SA 5109 | Property Value & History | OnTheHouse
OFF MARKET

2/5-7 Simpson Street
Salisbury East SA 5109

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 2/5-7 Simpson St, Salisbury East

2/5-7 Simpson St, Salisbury East is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in April 2024.

Building Type
Unit
Year Built
1960
Local Government
Salisbury
Lot/Plan
U2/S7741

Last Listing description (April 2024)

Invest and Prosper

Securing an affordable entry into the world of property investment is becoming increasingly difficult for those seeking to start off or add to their portfolio.

This unit presents as one such opportunity with reasonable strata fees, low maintenance yards and a long term tenant will to stay on for many years to come.

Located adjacent acres of open space and sports fields and merely moments away from local schooling this unit enjoys close proximity to convenience shopping making for and is conveniently situated between Salisbury and Golden Grove with Tea Tree Plaza simply a matter of minutes away.

This 2 bedroom unit is set in a well cared for group of 8 with ample parking provided from the street and lovely lawned common areas creating a sense of serenity.

Upon entry a large lounge greets you which flows through the casual meals and to the kitchen.

This unit has been updated in part although retains many of the original elements.

The rear yard is private and low maintenance and suits a busy tenant and a landlord seeking a fuss free property.

Already delivering excellent returns of $225 per week with a very house proud tenant, this property is an ideal entry point for those seeking to get a foothold in this effervescent real estate market and benefit from the growth of this very connected northern suburb.

**DISCLAIMER*** Although the Agent has endeavoured to ensure the accuracy of the information contained within the marketing material we remind prospective purchasers to carry out their own due diligence and to not rely upon the information in this description. This description does not warrant that all features, improvements or appliances are in working order or have necessary approvals and the Agent advises all parties interested in the home to undertake their own investigations prior to purchase.

**PRICING**
For the most part of the last 26 years I have been releasing properties to the market without a price. I do so just for the first open inspection and then we set a price with the Vendor/s in consideration of the feedback derived from the first open. I understand that may frustrate some buyers but the frustration will be rewarded with a price range set that is an accurate reflection of market value balanced by the Vendor/s expectation. It is also frustrating for a vendor to be on the market for weeks longer than necessary because they have over priced their property. Or if they choose to price the home in excess of feedback levels they can do so knowingly and factor that into their timeframe. I will release a price by way of SMS to all buyers who attend the first open and upload a price as soon as practicably thereafter. Thank you and should you have any further questions about my rationale in marketing properties successful in this manner for over 1600 sales please feel free to call me directly anytime.

CT: 6093/277
House Size: 52m
Year Built: 1986
Zone: General Neighbourhood
Council: City of Salisbury

RLA 232366

Property History for 2/5-7 Simpson St, Salisbury East, SA 5109

A timeline of how this property has performed in the market
Last Sold
$290,000
12 Apr 2024
  • 01 Apr 2024
    Sold for $290,000
  • 30 Jan 2024
    Listed for Sale $289,000 - $309,000
  • 31 May 2016
    Listed for Rent - Price not available
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About Salisbury East 5109

The size of Salisbury East is approximately 6.9 square kilometres. It has 24 parks covering nearly 47.3% of total area. The population of Salisbury East in 2016 was 8972 people. By 2021 the population was 9273 showing a population growth of 3.4% in the area during that time. The predominant age group in Salisbury East is 20-29 years. Households in Salisbury East are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Salisbury East work in a trades occupation.In 2021, 70.70% of the homes in Salisbury East were owner-occupied compared with 70.90% in 2016.

Salisbury East has 4,079 properties. Over the last 5 years, Houses in Salisbury East have seen a 119.73% increase in median value, while Units have seen a 155.48% increase. As at 31 October 2025:

  • The median value for Houses in Salisbury East is $734,834 while the median value for Units is $513,659.
  • Houses have a median rent of $570 while Units have a median rent of $450.
There are currently 14 properties listed for sale, and 1 property listed for rent in Salisbury east on OnTheHouse. According to Cotality's data, 178 properties were sold in the past 12 months in Salisbury east.

Suburb Insights for Salisbury East 5109

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.