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Overview
Set on a generous corner allotment of approximately 298 square meters, this versatile land parcel represents an exceptional opportunity for a variety of buyers. The property offers significant design flexibility with dual elevation potential and a commanding street presence, making it an ideal foundation for creating a personalised home that caters directly to the buyer's lifestyle aspirations.
Investors and home builders alike can appreciate the potential to either craft a bespoke residence or target a high-yield strategy, such as constructing a Specialist Disability Accommodation (SDA) home under the NDIS framework, which may offer annual returns up to $150,000. Additionally, first home buyers stand to benefit from available government grants and potential stamp duty exemptions, making the initial investment more accessible.
Situated in 'The Square,' Woodville West's newly enhanced precinct, the block enjoys a premium location balancing proximity to the city and the coast. This enviable setting offers close access to West Lakes, a range of public and private schooling options, and convenient walkability to Albert Park train station, enabling efficient commutes to the beach or Adelaide's city centre.
- Prime 298 sqm corner block providing extensive scope for modern residential design and development.
- Opportunity to engage preferred builders and architects to tailor fit a dwelling to unique requirements (subject to council approvals).
- Government incentives available for eligible buyers, facilitating a cost-effective purchase pathway.
- Specialist Disability Accommodation investment possibilities tapping into current demand for high-quality SDA housing.
- Comprehensive house and land packages offered for both traditional living and niche investment purposes.
Overall, this land presents a rare chance to secure a well-positioned platform for future lifestyle enhancement or savvy investment in an evolving locale.
Local Market Insights
In Woodville West, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $466,667. The property type mix of listed properties is predominantly Houses at 60%, followed by townhouses (16%), and land (12%). Ray White was the most active agency in this area, representing 62.5% of all new listings in the last 30 days. 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 |
|---|---|
| $549K-$599K (Best Offer By Mon. 24/08 - USP) | |
| $549K-$599K (Best Of By Wed.19/08 - USP) |
Location
Woodville West SA 5011
Market Insights for Woodville West SA 5011
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