98 Rapid Drive Mccracken SA 5211

- / - / - / 669 m²

Currently for Sale

AUCTION (USP): Guide $350,000

South Coast Realty RLA 241454

Here you can find what you need to know about 98 Rapid Drive , 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 Mccracken, SA and much more.

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Property Insights

98 Rapid Drive Estimated Value

$375,000 - $400,000

Medium confidence estimate
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Last sold for $284,000 on 30 Aug 2021 (Recent Advice)

Sale Type: Consideration Represents Whole Interest For Property

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.
Estimated Rent	Upgrade to Premium
Gross Cashflow	Unavailable
Estimated Gross Yield	Unavailable
Natural Hazard Risk	Upgrade to Premium

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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	-
Bathrooms	-
Car Spaces	-
Land Size	669 m²
Floor Area	-
House Type	House: Standard

Council Area	Victor Harbor
Year Built	n/a
Zone	n/a
Lot/Plan	116/D34737 Mccracken SA
Property Type	House

Property Timeline

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Comparable properties

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Neighbourhood

Suburb Insights

Mccracken, SA 5211

Part of: Victor Harbor Council

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Mccracken, SA 5211

Part of: Victor Harbor Council No data available

The size of Mccracken is approximately 2.3 square kilometres. It has 9 parks covering nearly 34.8% of total area. The population of Mccracken in 2011 was 2,054 people. By 2016 the population was 1,956 showing a population decline of 4.8% in the area during that time. The predominant age group in Mccracken is 70-79 years. Households in Mccracken are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mccracken work in a professional occupation. In 2011, 71.4% of the homes in Mccracken were owner-occupied compared with 68.5% in 2016. (source: Australian Bureau of Statistics)

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Mccracken, SA 5211

Part of: Victor Harbor Council No data available

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68 km

Distance from Adelaide CBD

Population

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Mccracken for Houses in last 12 months

Last 12 months in Mccracken SA 5211 View Suburb Profile

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$713K Median Value
71 Properties sold
$525pw Median Rent
4.1% Median Gross Yield
40 Average Days on Market
-5.3% Average Vendor Discount
9.9% Median Sale Price Change (1yr)

There have been 71 Houses sold in Mccracken in the past 12 months with a median sale price of $665K, up 9.9% annually. It takes on average 40 days to sell with vendor discounting of -5.3%.

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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.

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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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