Sold

1/389 Payneham Road,
Marden 5070, South Australia

2 bedrooms
1 bathroom
1 car space
House

$490,000


Property details

Great Rental Returns - Affluent Urban Postcode!

Currently leased at $430 per week until June 2025, with the potential to increase the rent upon renewal. Our Property Management team estimates a rental return of $480-$500 per week at the next lease renewal.

In highly desirable Marden, a two-bedroom ground floor unit offers convenient urban living for the modern minimalist seeking easy CBD access.

Private and low maintenance is at the forefront of this apartment with onsite parking and a paved courtyard, convenience is a daily luxury while two spacious bedrooms with ceiling fans accommodate various living arrangements.

A sunlit living room and adjacent, fully equipped kitchen makes meal preparation simple and easy with Chef stove / oven and plenty of storage, plus a split system A/C to keep the interior climate pleasant year round.

Onsite laundry and bathroom amenities complete this self contained unit ensuring everything you could need for a simple life is right on your doorstep.

With Marden Shopping Centre and public transport options only steps away, this modest abode is the ideal candidate for downsizers or investors looking for a potentially high yielding rental opportunity in a favourable city fringe location!

Specifications:
Year built - 1965
Strata Fees - $425 PQ
Council Rates - $312 PQ (City of Norwood Payneham & St Peters)

Additional Features:
• Retractable clothesline in rear courtyard
• Laundry accessible from the rear porch
• Ceiling fan in living room
• Blinds on all windows
• Nearby schools include: East Adelaide School, St Joseph's School, Trinity Gardens Primary School, Open Access College, Marden Senior College, St Peter's College, Wilderness School, Pembroke School

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Explore the area


School catchments

  • Felixstow Primary School Primary R-6 Government 0.51km
  • Open Access College Combined R-12 Government 0.63km
  • St Joseph's School Primary R-6 Catholic 0.75km
  • Trinity Gardens School Primary R-6 Government 1.4km
  • East Adelaide School Primary R-6 Government 1.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


Back to top