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23 Warakila Road, Sheidow Park

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Lucy and Marco currently have a PPOR in Melbourne with approximately $100 000 in equity. The property is currently worth $725 000. They would like to upgrade into their ideal owner-occupied which is currently worth approximately $1 000 000. They are pre-approved for $600 000 but do not want to purchase over $550 000.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

CITY OF MARION

The City of Marion is a local government area in part of the southern and western suburbs of Adelaide, South Australia, about 10 kilometres from the Adelaide CBD.

The City of Marion is one of the state’s larger metropolitan councils and is located 10km south of Adelaide stretching from the Glenelg tramline in Glandore to the coastal suburb of Hallett Cove.

Covering an area of about 55 km sq, the city has a population of approximately 85,000 residents and features 7km of coastline.

Marion’s population is showing healthy growth, due in part to overseas migration which welcomes newcomers from countries such as the United Kingdom, India, China, the Philippines, the eastern countries of Africa and many others.

Being only a 20 minute drive to the southwest of Adelaide, the City of Marion offers easy access to a mix of ecological, cultural, sporting, leisure and shopping experiences. All this against a backdrop of hills, open space and the coast!

Market Performance Over 1 Year

City of Marion Strategic Plan

This Plan was endorsed by Council in June 2019. It explains the projects and programs Council will deliver over four years.

Official Website

The City of Marion's official website is where you can find out more about their services for residents, businesses, our community and visitors.

Long Term Financial Plan

The LTFP enables Council to plan the financial sustainability of the organisation.

Annual Business Plan

The Annual Business Plan outlines how Council plans to allocate its budget and what services and projects will be developed in the forthcoming financial year.

SHEIDOW PARK 5158

Market Conditions

26.5% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 4.66%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

Days on market have reduced since March 2021 by -17.1% to 29 days.

A reduction in days on markets indicates that pent up demand is causing property in the areas to sell at vendors expectations, which empowers the local property economy.

The number of new listings has increased by 75.9% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 58.0% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

Glenthorne Farm

A landmark multimillion-dollar playground is planned for Glenthorne Farm and Marion Council has partnered with the State Government to deliver this work.

Marion Cultural Centre Plaza

The MCC Plaza is defined as the public realm surrounded by Marion Cultural Centre (MCC) to the east, South Australian Aquatic and Leisure Centre (SAALC), Centrelink and GP Plus to the west. Located to the south is Westfield with pedestrian and vehicle connections along Warracowie Way and Milham Street.

Mitchell Park Sports and Community Centre

Marion Council has committed $10.74 million towards this redevelopment with the Federal Government contributing a further $5 million as part of their pre-election pledge to rebuild the facility.

Tonsley Innovation District

Tonsley is Australia’s first innovation district, connecting businesses with the best and brightest.

Oaklands Community Connections Project

To complement the Oaklands Crossing Project the City of Marion is working on an exciting project for Oaklands that will significantly improve connectivity to Marion Regional Centre.

Sam Willoughby International BMX Facility

The City of Marion’s Glenthorne National Park-Ityamaiitpinna Yarta is well underway with works progressing to a completion date of late January 2022.

Southern Soccer Facility

The City of Marion and Football South Australia have been working in partnership to deliver the new Southern Soccer Facility on Majors Road, Trott Park. Council has committed $4.5 million towards the new development with the State Government providing a funding commitment of $2.5 million.

Building a better Marino Community Hall

Marion Council has committed $2.5 million towards this redevelopment and will be seeking external partnership funding of $2.5 million to rebuild the facility.

Coastal Walkway Redevelopment

Council has endorsed a $4.8m Coastal Walkway plan to re-open gullies and extend the walkway to Field River mouth.

North South Corridor (Torrens to Darlington)

The Torrens to Darlington (T2D) section is the final piece of South Australia’s North-South Corridor.

Weaver Street Reserve Consultation

Weaver Street Reserve in Edwardstown has a playground and tennis courts which are due to be renewed in 2022/23.

Ballara Park - Reserve Upgrade

Located on Ballara Avenue, Warradale, this site is a well-utilised, local level playground adjacent to the Ballara Park Kindergarten.

Cormorant Drive Reserve Upgrade

Cormorant Drive Reserve, Hallett Cove, is a local level playground designed to cater for people living and working within walking distance.

Spinnaker Circuit Reserve Revocation

Council proposes to change the community land classification at Spinnaker Circuit Reserve – East, located at 72 Spinnaker Circuit, Sheidow Park so that it may be sold.

Edwardstown Soldiers Memorial Recreation Ground - Public Toilet

A new public toilet is proposed for the Edwardstown Soldiers Memorial Recreation Ground.

Glandore Oval Precinct

Glandore Oval is a key multi-purpose sports and recreation facility located at the north-eastern end of the Council boundary.

Marion Cultural Centre Plaza

Marion Cultural Centre Plaza will be transformed into the heart of our city, bringing people together for events and casual catch ups while boosting local business.

Tarnham Road Reserve Upgrade

Tarnham Road Reserve(External link) (the Reserve) is an irregular shaped reserve of 5,411 square metres located along Tarnham Road in Seacombe Heights, between Snowden Street and Calum Grove, and immediately west of Seaview High School.

Diagonal and Sturt Road, Marion

The City of Marion’s road network affects all residents, businesses, visitors, and those who drive through the Council area to reach other destinations.

Ramsay Avenue Reserve Consultation

An Open Space Plan was recently endorsed by Council to provide upgrades to open space across Council.

Wistow Crescent Reserve

A new playground and reserve upgrade is planned for Wistow Crescent Reserve, Trott Park this financial year 2021/22.

Tonsley Vehicle Connection

Council considered the community consultation findings for the proposed Cohen Court Reserve Community Land Revocation and motor vehicle connection.

Hugh Johnson Boulevard Reserve - Concept Plan

Council developed a concept plan for a new regional playground and reserve upgrade at Hugh Johnson Boulevard Reserve in 2020.

Living Kaurna Cultural Centre

The Living Kaurna Cultural Centre, located at Warriparinga, seeks to facilitate connection and understanding of the Kaurna people and offers Aboriginal and environmental cultural education programs, events and performances. The venues are available to hire for meetings, training days, events and workshops.

Marion Museum

In 2020, the City of Marion commissioned a feasibility study to identify options for the development of a local museum. The study highlighted various precedents of other Council Museums within metropolitan Adelaide as well as ongoing operation costs.

Railway Terrace Warradale Streetscape

The City of Marion’s road network affects all residents, businesses, visitors and those who drive through the Council area to reach other destinations.

Shopping Trolley Amenity By-law

Council endorsed a by-law to deal with shopping trolleys abandoned in the community.

OUR SUGGESTED PROPERTY

23 Warakila Road Sheidow Park SA 5158

Property details

4

1

-

Asking Price

Target Price

Potential Rent

Potential Yield

$509,000

$580,000

$530 p/w

4.75% Gross

Where is this Property?

ComparAtive properties

$ 610,000
31 Jan 2022
$ 620,000
4 Feb 2022
$ 535,000
22 Sep 2021

What should i know about this property?

Are there easements on the property?

the EASEMENT on the property is acceptable

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the listing

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $2,100 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,300 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This PROPERTY was listed on 25/2/22

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
The property was built in 1977

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
property is vacant

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
can be rented for $530 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

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