3/35 Gorman Street Modbury SA 5092

3 / 2 / 2 / 117 m²

For Sale

$680,000 - $710,000

LJ Hooker Greenwith | Golden Grove | Mawson Lakes | Modbury

Here you can find what you need to know about 3/35 Gorman Street , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Modbury, SA and much more.

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3/35 Gorman Street Estimated Value

$700,000 - $750,000

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Last sold for $460,000 on 21 Sep 2021 (Recent Advice)

Sale Type: Consideration Represents Whole Interest For Property

Mortgage Repayment	$816 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
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Pros & Cons

Things to like

Above market cashflow potential
Cheaper than comparable properties
Low risk of losing value

Things to look out for

Slower growth than market average

Investment Strategy Scores

No Investor Scores available for this property

About this Property

Details

Bedrooms	3
Bathrooms	2
Car Spaces	2
Land Size	117 m²
Floor Area	115 m²
House Type	Unit: Townhouse/Villa

Council Area	Tea Tree Gully
Year Built	2020
Zone	n/a
Lot/Plan	3/C42401 Modbury SA
Property Type	Unit

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Comparable properties

Local Schools

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Neighbourhood

Suburb Insights

Modbury, SA 5092

Part of: Tea Tree Gully Council

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Modbury, SA 5092

Part of: Tea Tree Gully Council No data available

The size of Modbury is approximately 3.3 square kilometres. It has 18 parks covering nearly 16.5% of total area. The population of Modbury in 2011 was 4,924 people. By 2016 the population was 5,233 showing a population growth of 6.3% in the area during that time. The predominant age group in Modbury is 30-39 years. Households in Modbury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury work in a professional occupation. In 2011, 66.2% of the homes in Modbury were owner-occupied compared with 64.9% in 2016. (source: Australian Bureau of Statistics)

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Modbury, SA 5092

Part of: Tea Tree Gully Council No data available

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13 km

Distance from Adelaide CBD

Population

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Modbury for Units in last 12 months

Last 12 months in Modbury SA 5092 View Suburb Profile

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$536K Median Value
33 Properties sold
$510pw Median Rent
4.8% Median Gross Yield
25 Average Days on Market
-4.6% Average Vendor Discount
-1.7% Median Sale Price Change (1yr)

There have been 33 Units sold in Modbury in the past 12 months with a median sale price of $492K, down 1.7% annually. It takes on average 25 days to sell with vendor discounting of -4.6%.

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Natural Hazard Risk

Any hazard data or information is generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of property hazard risk (Hazard Data). Hazard Data is indicative only and not intended to replace obtaining specific professional advice in relation to such information. Any Hazard Data does not take into account all matters that may be relevant for determining relevant hazards, and the recipient acknowledges and accepts:

it is not based on any site-specific geological or engineering investigation at the relevant property;
the Hazard Data is not a geological or engineering report for a property and does not replace the need for a site inspection in relation to issues relating to geological, foundation, or other hazard-related conditions at the relevant property; and
the information and data contained in the Hazard Data has been obtained from a variety of third party sources and does not specifically originate from CoreLogic.

CoreLogic does not warrant the accuracy, currency or completeness of the Hazard Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Hazard Data.

Risk Rating Definitions

The following Risk Ratings are generated from a mathematical model using available statistical and property data and must not be relied upon as an accurate forecast of coastal erosion risk:

Very High Risk : Risk of gradual coastal erosion reaching dwelling within 30 years and/or very high risk of significant storm surge impact.
High Risk : Risk of gradual coastal erosion reaching dwelling within 60 years and/or high risk of significant storm surge impact.
Medium Risk : Risk of gradual coastal erosion reaching dwelling within 120 years and/or medium risk of significant storm surge impact.
Low Risk : Risk of gradual coastal erosion reaching dwelling within 240 years and/or low risk of significant storm surge impact.
No Risk : Gradual coastal erosion likely to reach dwelling in more than 240 years OR no rate of retreat (stable coastline) and distance from coast and/or elevation above maximum expected storm surge height.

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode