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Overview
This well-situated duplex at 57-59 Carlton Parade offers a compelling investment opportunity, capturing the interests of portfolio investors seeking reliable dual income in a sought-after location. Its proximity to essential local education facilities such as Port Augusta Secondary School and the TAFE Campus, alongside easy access to the CBD, underscores its tenant appeal and potential for steady occupancy.
The property comprises two residences designed with practical and functional layouts. Each unit features a cozy lounge room, a centrally placed bathroom, and a shared kitchen and dining area, facilitating comfortable living. The first dwelling at 57 Carlton Parade accommodates four bedrooms, accommodating larger families, while 59 Carlton Parade is tailored to smaller families with two bedrooms.
Year-round comfort is assured through split-system air conditioning in each residence. Furthermore, each unit boasts its individual laundry facilities and secure fenced yards, enhancing privacy and convenience for tenants. Such features not only improve tenant satisfaction but can also contribute to sustained rental income.
With a total land size of approximately 837sqm and a combined living area of about 146sqm, the property presents a solid, established asset. The buildings date back to 1942, situated within a Suburban Neighbourhood zoning, complemented by available water and sewer connections. Council rates for the properties are current, reflecting good standing with local governance.
Investors will value the fixed lease arrangements ensuring steady returns, with current rents offering between 2.4% and 2.7%. Future rental appraisals suggest potential growth, making this duplex a noteworthy addition to a rental portfolio or an accessible entry point into the property market.
Local Market Insights
In Port Augusta, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $447,125. The property type mix of listed properties is predominantly Houses at 77%, followed by land (18%), and duplexes (5%). The most active agency for houses in the Port Augusta area is currently Ray White, representing 56% of new listings, followed by Raine & Horne with 19%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Port Augusta SA 5700
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