1/45 Travers StreetSturt SA 5047
Property Details for 1/45 Travers St, Sturt
1/45 Travers St, Sturt is a 10 bedroom, 10 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1893m2 and floor size of 37m2. While the property is not currently for sale or for rent, it was last sold in July 2017.
Last Listing description (September 2017)
10 individual units, all on one title, on a huge 1,893 sqm premium corner site.
Each unit has its own gas and power meter and water is split between the units.
At the present time there is 100% occupancy bringing in $2,175 per week.
With the opportunity to earn an above average gross rental and on such a significant corner land mass of 1893 sqm, these units and land offer a significant current and future return on investment.
As an owner, you will appreciate that you 'control' the entire site and not just one or two units in a larger grouping. Better than just one building where your earnings turn to zero if the tenant moves out, this group has all tenants on staggered 12 month agreements and if one tenant decides to move, you still retain 90% of your income for a short time whilst a new tenant is put in place.
These very low maintenance units are in a significant location close to transport, Flinders University and Medical Precinct, Marion Shopping Centre and Aquatic playground.
Students & Professionals tenants working in the region will appreciate the easy commute or cycle to learning institutions or shopping just near by.
With the City of Marion looking to increase density of housing within its local areas, this land is ripe for further development, subject to council consents.
There fore you can either retain this site for rental as it is, or have a significant holding income pending approvals to further enhance the site.
The decision is yours!
Property History for 1/45 Travers St, Sturt, SA 5047
- 30 Aug 2017Sold for $1,635,000
- 26 Jul 2017Sold
- 06 Jun 2017Listed for Sale contact agent
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About Sturt 5047
The size of Sturt is approximately 1.0 square kilometres. It has 4 parks covering nearly 2.4% of total area. The population of Sturt in 2016 was 2531 people. By 2021 the population was 2787 showing a population growth of 10.1% in the area during that time. The predominant age group in Sturt is 30-39 years. Households in Sturt are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sturt work in a professional occupation.In 2021, 57.50% of the homes in Sturt were owner-occupied compared with 55.50% in 2016.
Sturt has 1,349 properties. Over the last 5 years, Houses in Sturt have seen a 100.37% increase in median value, while Units have seen a 111.35% increase. As at 30 November 2025:
- The median value for Houses in Sturt is $944,755 while the median value for Units is $784,674.
- Houses have a median rent of $650 while Units have a median rent of $375.
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