16/23 Moseley St

Glenelg SA 5045

Apartment

Last sold for $240,000

Overview

Fantastic ‘Pad’, Great Investment

Located in the heart of vibrant Glenelg, this wonderful second storey apartment will have you living the coastal lifestyle and absolutely loving it. Start your day with a jog along the foreshore, meet friends for a coffee or meal at one of Jetty Roads fantastic eateries, catch a movie at the new GU Film House, do a spot of shopping then wind down with a picnic and wine at the beach while the sun sets on another gorgeous day… How could you not love living here! The apartment itself offers a low maintenance, lock up and leave solution over two levels of living, with the potential to refurbish and live in or make it a smart addition to your growing portfolio. Previously leased out at $270 per week, with a potential gross yield of 5.5%, this investment just makes sense. On the lower level you’ll find the open plan living, dining and kitchen, with enough space to comfortably entertain a few friends while whipping up a few delicacies in the kitchen thanks to the great bench and storage space. Upstairs is the very generous main bedroom, complete with a dressing or study nook, split system air-conditioner and bathroom with laundry facilities. Your own parking space positioned within the remote gated rear carpark and a split system reverse cycle air conditioner top off this already desirable offering. It’s not often an investment such as this one becomes available in such a highly sought after locale. This one won’t last long!

Features

1 bedroom

1 bathroom

1 carspace

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Glenelg over the last 12 months, the estimated median property value of 16/23 Moseley St is $537.5k.

Median value

$537.5k

Estimated value range

$470.5k - $950k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Glenelg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.