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Overview
This impressive allotment is situated on a substantial block of approximately 1,014 square meters, featuring a generous frontage of 28.77 meters. It offers exciting opportunities for families, investors, or developers looking to capitalize on its prime location. The property currently includes a solid brick home that is tenanted, providing immediate rental income with a fixed lease of $465 per week until October 12, 2024.
The land presents excellent subdivision potential, making it an ideal prospect for developers. Alternatively, it offers the chance to design and build a perfect home, whether that be a spacious family residence, a stylish urban retreat, or a modern sophisticated dwelling. This is a rare opportunity to secure a versatile property with significant future value.
Residents will enjoy a fantastic lifestyle with nearby amenities including the LJ Lewis Reserve Playground and Dog Park, offering ample green space for recreation and leisure. The tranquil Stockade Botanical Garden provides a peaceful environment for relaxation. Convenient shopping options are available at Drakes Mini Walkley Heights, Northgate Shopping Centre, and Ingle Farm Plaza, all within easy reach.
Families will benefit from proximity to quality educational institutions such as Roma Mitchell Secondary College, Northfield Primary School, and the Northfield Child Parent Centre. This location is well-suited for growing families, first-home buyers, and savvy investors alike.
Additional property details include zoning under General Neighbourhood (GN), local governance by the City of Port Adelaide Enfield, and annual council rates of approximately $1,725. Water rates excluding usage are approximately $874.20 per annum, with an Environmental Services Levy of about $180.30 per annum. The property is registered under Torrens Title 5684/338 and is free from easements and encumbrances.
This property represents a solid investment and an excellent chance to create a lifestyle tailored to your needs in the sought-after suburb of Northfield. Enquiries are encouraged to begin your journey with this exceptional offering.
Local Market Insights
In Northfield, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $3,366,333. The property type mix of listed properties is predominantly Houses at 61%, followed by townhouses (14%), and land (11%). Ray White is the only agency with property listings monitored during the period. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Sale On Hold | |
| $1,650,000 |
Location
Northfield SA 5085
Market Insights for Northfield SA 5085
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