Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
163
238
About the Property
Serenity Beckons: Modern Cottage Bliss
35 ARTHUR STREET, PENNINGTON
Step into serenity with this enchanting three-bedroom, two-and-a-half-bathroom haven, where a charming wide tiled porch beckons you. This lovingly renovated cottage boasts verandahs at both ends, framing a large, immaculate yard that whispers of endless possibilities.
Inside, contemporary timber-look floors, and sleek blinds dance with the glow of downlighting, creating a modern haven of tranquillity. Three bedrooms, including a master with an ensuite and wardrobe, offer comfort and style. The bathrooms, adorned with stone-top vanities and floor-to-ceiling tiles, exude sophistication, they are complemented by a separate laundry room and an additional outside toilet for convenience.
The heart of the home is a central living area, inviting and warm, seamlessly blending with an open-plan kitchen featuring an electric stove and oven with ample, sleek white cabinetry. Step through to the back verandah, a tranquil retreat overlooking the expansive grass filled yard.
Revel in the perks of abundant parking, from the detached four-car garage, double length carport, and the sealed driveway that stretches the length of the property. The automatic sliding gate at the entrance ensures your vehicle and property is safe and secure.
Strategically located minutes from St. Clair Village and Port Adelaide Plaza, this home offers retail delights and lush park reserves for leisurely strolls. For those craving the salty breeze and panoramic water views, the Semaphore coastline is a mere nine-minute drive away. Seamlessly connected to accessible bus stops, this residence embodies the perfect blend of comfort and convenience.
This low-maintenance, full renovated, and move-in ready property, awaits your inspection!
Property Features:
• The master bedroom has a private ensuite, with a walk-in robe space, floor-to-ceiling tiles, a toilet, glass shower, and vanity storage
• Open plan kitchen, family, and meals area with a brick feature wall
• The kitchen has a built-in electric stove and oven and ample white cabinetry
• The main bathroom has floor-to-ceiling tiles, an open glass shower, toilet, and vanity storage
• Laundry room with floor-to-ceiling tiles, storage space, and bench tops
• Additional separate toilet accessible from the backyard
• Downlights throughout the home
• Electric hot water system
• Solar system with twelve panels to reduce costs
• Double length carport and four car garage in the backyard
• Large grass filled backyard with a verandah and patio space
• Olden style front porch overlooks the gated front yard, with lawn space, ample parking, and a secure electric sliding gate
• Abundant, secure, sealed off-street parking in the garage, carport, front, and backyards
• Olden style, fully renovated, brick home with high ceilings
• Pennington School is less than a minute away
The nearby unzoned primary schools are Pennington School R-6, Alberton Primary School, Woodvill Gardens School B-6, and Hendon Primary School. The nearby zoned secondary school is Woodville High 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.
Property Details:
Council | CHARLES STURT
Zone | GN – General Neighbourhood
Land | 705sqm(Approx.)
House | 251sqm(Approx.)
Built | 1912
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Pennington, SA 5013 is a suburb with a population of 3773 residents. The majority of residents fall in the age brackets of 20-24 years and 45-64 years. The median household income is $1,276 per week. The suburb has a good mix of occupations, with the top three being professionals, technicians and trades workers, and community and personal service workers. Most residents commute using motor vehicles, followed by working from home. In terms of education, the ICSEA percentile for government schools is 27.0.
For property investors, Pennington presents a mix of opportunities. With a median house price below $700k and a rental yield of 3.9%, it can be attractive for those looking for steady rental returns. The suburb also has a low vacancy rate of 0.2% and a high market absorption rate of 75.0%, indicating a high demand for properties. The sale price IQR ratio being 15.4% suggests potential for renovators. Additionally, the high room demand-supply ratio and online search interest further support investment potential in Pennington.
Pennington, SA 5013 offers a diverse demographic profile with a mix of age groups and occupations. The suburb provides an opportunity for property investors looking for stable rental income, with its affordable median house price and high rental yield. Homeowners interested in living in Pennington can enjoy a well-connected suburb with a majority of residents preferring motor vehicles for commuting and a growing trend towards working from home. Overall, Pennington represents a suburb with investment potential and a comfortable lifestyle for its residents.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
