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1 Walpole Street, Davoren Park SA 5113

Offers Above $500K

Search Band Search Visibility Band

$500k - $550k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 4 Cars 660 m²

Listed: 22nd Jul 2026

Overview

Situated on a generous 660 square metre corner block, this 1965-built double brick home offers a unique blend of investment security and development potential. The expansive, flat site is free from easements and significant trees, positioning it ideally for future subdivision, subject to council approval. This factor enhances appeal for developers and investors looking to capitalize on one of Adelaide's northern growth corridors.

The property itself presents solid, well-maintained accommodation with three comfortable bedrooms and a central family bathroom supplemented by a separate toilet for added convenience. Its layout also includes a dedicated laundry area, making daily living practical and functional.

Each bedroom and the main living area benefit from split-system air conditioning, ensuring year-round comfort beyond standard rental offerings.
The outdoor space features a large pergola ideal for entertaining or relaxing, a valuable asset for tenants seeking quality amenity.
Energy-conscious buyers will appreciate the installed 3.3 kW solar system, contributing to reduced energy expenses and sustainable living.

For investors, the property comes with immediate rental income at $500 per week, secured with a lease until December 2026, providing a hassle-free ownership transition. The rental agreement includes a projected increase to $530 per week, bolstering future income potential.

The location advantages further enhance the property's long-term appeal. Davoren Park is experiencing rapid growth due to affordability and infrastructure, including easy access to northern transport routes, nearby shopping centers such as Eyre Village and Elizabeth Shopping Centre, and local green spaces. Additionally, reputable schooling options like John Hartley School and Swallowcliffe School are within convenient reach.

This off-market opportunity offers a strategic pathway for investors to benefit from steady cash flow, while planning potential subdivision and capital gain in a high-demand area. The property is particularly suited for investors seeking a low-risk income asset with promising development upside in the future.

Local Market Insights

In Davoren Park, Quiet Listings observed 31 new houses entering the market over the last 30 days, down from 37 during the previous 30-day period, with an average advertised asking price of $596,529. The property type mix of listed properties is predominantly Houses at 89%, followed by land (6%), and units (3%). The most active agency for houses in the Davoren Park area is currently Ray White, representing 52% of new listings, followed by LJ Hooker with 13%. 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.