5 Paringa Avenue, Somerton Park, SA 5044 | Property Value & History | OnTheHouse
 
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5 Paringa Avenue
Somerton Park SA 5044

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 680m2
Land area: 858m2
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Property Details for 5 Paringa Ave, Somerton Park

Building Type
Commercial
Floor Size
680m2
Land Size
858m2
Local Government
Holdfast Bay
Lot/Plan
A167/D2474

Last Listing description (May 2021)

- Total site area 858 sqm
- Total building area 654 sqm
- Plus second floor Storage of 27 sqm

- Floor heating in Warehouse
- Underground Water Tank
- Leased at $74,263 per annum net until January 2024

Auction Friday 14th May 2021
On-site at 11:00am

AGENT: Andrew Turner
MOBILE: 0419 859 130

AGENT: Matt King
MOBILE: 0419 654 195

www.commercialsa.com.au

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Property History for 5 Paringa Ave, Somerton Park, SA 5044

A timeline of how this property has performed in the market
Last Sold
$2,025,000
15 Jun 2021
Listed for Rent
$1.34k/w
24 Jul 2019
  • 15 Jun 2021
    Sold for $2,025,000
  • 23 Mar 2021
    Listed for Sale Contact Agent
  • 24 Jul 2019
    Listed for Rent $70,000 / year
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About Somerton Park 5044

The size of Somerton Park is approximately 2.3 square kilometres. It has 6 parks covering nearly 2.7% of total area. The population of Somerton Park in 2016 was 5537 people. By 2021 the population was 5811 showing a population growth of 5.0% in the area during that time. The predominant age group in Somerton Park is 50-59 years. Households in Somerton Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerton Park work in a professional occupation.In 2021, 69.20% of the homes in Somerton Park were owner-occupied compared with 68.30% in 2016.

Somerton Park has 3,059 properties. Over the last 5 years, Houses in Somerton Park have seen a 88.41% increase in median value, while Units have seen a 93.95% increase. As at 30 November 2025:

  • The median value for Houses in Somerton Park is $1,740,769 while the median value for Units is $775,305.
  • Houses have a median rent of $745 while Units have a median rent of $550.
There are currently 14 properties listed for sale, and 1 property listed for rent in Somerton park on OnTheHouse. According to Cotality's data, 170 properties were sold in the past 12 months in Somerton park.

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