Back 4/24 Reservoir Road
Off Market

4/24 Reservoir Road

Hope Valley SA 5090

2
1
1
59 m²
Unit
Last sold for $500,000
Mike LaoMike Lao, last sold this property on 16 September 2024 after 13 days on market.

Overview

Live Comfortably - Spacious Unit in Convenient Location!

*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser* Virtual Tour Link: https://shorturl.at/APIFv To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/ Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market this low-maintenance 2-bedroom unit, nestled at the back of the complex for added peace and privacy. Boasting ducted reverse air-conditioning throughout, a large backyard, and close proximity to Westfield Tea Tree Plaza, Berri Reserve and hiking trails, this property offers the perfect blend of comfort and convenience for first-home buyers, downsizers and investors alike. Currently tenanted with a fixed lease of $740 per fortnight in place until 21/11/2024. Step into a world of tranquility as lush landscaped gardens and a welcoming porch greet you. The spacious lounge room, adorned with a charming pendant light, French windows and plush carpet, sets the tone for comfortable living. An inviting archway leads you to the combined kitchen and meals area, perfect for entertaining friends and family. The galley kitchen come complete with electric appliances, a double sink, ample storage, and a breakfast bar for casual feasts. Sliding doors to the outdoor verandah provide easy access to alfresco dining and relaxation. Two bedrooms offer comfortable accommodation for the residents, including a master with a mirrored built-in robe and ceiling fan. The central bathroom features a step-in shower, soaking tub, vanity, and toilet, while the laundry includes a linen cupboard, trough, and external access. Outside, an expansive verandah provides a shaded outdoor retreat. A surprisingly spacious backyard features a shed, a sunny patio area, and a rainwater tank. The single garage with an automatic roller door offers secure parking. Key features you'll love about this home: - Ducted reverse cycle air-conditioning throughout - Alarm system and security doors with a privacy screen - Master bedroom with mirrored built-in robe and ceiling fan - Rear verendah for all-weather outdoor entertaining - Single garage with an automatic roller door - Separate shed for additional storage - Rainwater tank - Clothes dryer, outdoor setting and fridge are included in the sale Located in a convenient and family-friendly neighborhood, this property offers easy access to local amenities. The bus stop and Berri Reserve are just steps away from your front door and you can walk to Modbury Hospital. Enjoy nearby hiking trails, and be close to schools like Modbury South Primary and Modbury High School. Westfield Tea Tree Plaza, Modbury Triangle, and Hope Valley Shopping Centre are just a short drive away, offering a variety of shopping and dining options. And for those who need to commute, the Adelaide CBD is only a 25-minute drive away. Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect! Year Built / 1987 (approx) Land Size / TBA Frontage / TBA Zoning / GN-General Neighbourhood Local Council / City of Tea Tree Gully Council Rates / $1,471.65 pa (approx) Water Rates (excluding Usage) / $86.95 pa (approx) Es Levy / $98.5 pa (approx) Current Rental / Fixed lease of $740per fortnight until 21/11/2024 Estimated Rental / $420-$460per week Title / Strata Title 5008/685 Strata Rates / Adelaide Strata Management - $2,633.20pa (approx) Easement(s) / Nil Encumbrance(s) / Nil Internal Living / 59.3sqm (approx) Total Building / 116.2sqm (approx) Construction / Brick Veneer Gas / Not Connected Sewerage / Mains Selling Investment For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/gaRQ8a If this property is to be sold via Auction, the Vendors Statement (Form 1) may be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/ Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in. Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
59 m² floor area
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Hope Valley over the last 12 months, the estimated median property value of 4/24 Reservoir Road is $605.5k.

Median value
$605.5k
Estimated value range
$521.5k - $680k
Median days on market
21
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Hope Valley. 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.

Property history for 4/24 Reservoir Road

2024
Sold
$500,000
16 Sep 2024 by Mike Lao, of Edge Realty

Happy sellers in Hope Valley

90%
90% of sellers in Hope Valley reported that their sale price either exceeded or met their price expectations.

Hope Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Hope Valley over the last 12 months.

Local market activity for 2 bedroom units in Hope Valley

In the last 12 months, 8 two-bedroom units similar to 4/24 Reservoir Road, have been sold.

This represents a 100% decrease in two-bedroom units sales when compared to the previous 12 months.

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