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Location

Market Insights for North Adelaide SA 5006

New Listings (last 30 days)

Average price

$2,008,000

Lowest price

$1,400,000

Highest price

$3,250,000

42 Mills Terrace, North Adelaide SA 5006

SOLD BY JAMIE BROWN

Search Band

$3.25M - $3.58M High Confidence Calculated based on strong search observations.

House 2 beds 2 baths 4 cars 724 m²

Listed: 54 days ago

Updated: 22 days ago

Overview

Set on a rare and highly coveted 724 square metre corner block in prestigious North Adelaide, this property offers an exceptional park-front opportunity with stunning views of the adjacent Park Lands, Golf Course, and tennis courts. The elevated position of the land provides a delightful vantage point and broad design flexibility to accommodate a generous residence, supported by convenient side access for ample garaging possibilities off Barnard Street (subject to council consent).

The existing 1935 dwelling presents potential for refurbishment and short-term rental income, making it an ideal option for investors or developers contemplating a bespoke new home in a nearly unobtainable location. The property’s blue-chip status is reinforced by its proximity to the vibrant O’Connell Street precinct, iconic Adelaide Oval, and the central business district, offering both lifestyle and convenience.

Given the scarcity of such premium park-front, corner land parcels in North Adelaide, this property stands as a rare long-term investment or design canvas, appealing to buyers seeking a unique opportunity to secure a foothold in one of Adelaide’s most tightly held suburbs.

Local Market Insights

In North Adelaide, Quiet Listings observed 5 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $2,008,000. The property type mix of listed properties is predominantly Houses at 55%, followed by apartments (18%), and units (9%). The most active agency for houses in the North Adelaide area is currently Ocre, representing 20% of new listings, followed by TOOP+TOOP Real Estate with 20%. 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.