Lot 16 - Leabrook Drive - Para Hills

Description

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Para Hills is a residential suburb situated approximately 16 km north of Adelaide's city centre. Established in 1959, it falls within the City of Salisbury and is characterized by its hilly terrain and numerous parks.

As of the 2021 Census, Para Hills had a population of 6,793 residents. The median age is 36 years, slightly younger than the national average of 38. Approximately 64.7% of residents were born in Australia, with other common countries of birth including England, India, and Afghanistan.

The property market in Para Hills has experienced significant growth. The median house price is approximately $686,000, reflecting an 18.3% increase over the past year. Houses typically spend around 35 days on the market.

In the rental sector, houses in Para Hills have a median weekly rent of $570, yielding an annual rental return of 4.3%.

Para Hills offers a range of amenities, including several parks and recreational facilities. Baden Park features a new playground, tennis court, and basketball court. The suburb is also home to educational institutions such as Para Hills School and Para Hills High School, which has undergone a $2.83 million upgrade to enhance its STEAM facilities.

Overall, Para Hills combines a family-friendly environment with strong property market performance, making it an attractive option for homeowners and investors alike.

• Property Type: House and Land
• Property Stage:
• Price: $ 808,800.00
• Land Price: $ 490,000.00
• Build Price: $ 318,800.00
• Beds: 3
• Bath: 2
• Garage: 1
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: 9M BRISTOL 3
• Completion: N/A
• Land Size: 348
• Area Size: 130.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 570.00
• Est. Body Corp.: N/A
• Title Status: To be confirmed
• Gross Per Week: $ 570.00
• Gross Per Annum: $ 29,640.00
• Gross Yield: 3.66%
• Capital Growth 12 Months: 12.15%
• Capital Growth 10 Year Annualised: 6.66%
• Vacancy Rate: 0.41%