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Location

Market Insights for Payneham SA 5070

New Listings (last 30 days)

Average price

$1,228,900

Lowest price

$849,000

Highest price

$1,900,000

2 Thelma Street, Payneham SA 5070

$1,190,000 - $1,250,000

Search Band

$1.19M - $1.25M Transparent Based on an openly advertised listing price.

House 3 beds 1 bath 1 car 634 m²

Listed: 21 days ago

Updated: 19 hours ago

Overview

Set within a tightly held area of Payneham, this 1960-built house occupies a substantial 634 sqm allotment with a wide 19.84m frontage, offering a significant pallet for creative home improvement or redevelopment in a desirable location conveniently close to Adelaide CBD and key local amenities.

The spacious open-plan living and dining area benefits from large windows that maximize natural light, providing a welcoming and airy environment ideal for everyday family life. Though the kitchen remains largely original, its generous footprint allows for meaningful renovation or extension to create a modern culinary hub overlooking the rear garden, subject to planning consent.

Accommodation comprises three well-sized bedrooms with built-in wardrobes and ample natural light, all serviced by a central bathroom, balancing comfort with practical layout.

A covered outdoor entertaining area overlooks beautifully manicured established gardens, providing a tranquil setting for gatherings or quiet relaxation.
The sizable shed or garage affords secure vehicle parking while maintaining additional workspace and storage options, catering to hobbyists or those valuing extra utility.

This property will attract a diverse range of buyers including first-home buyers, renovators, builders, or developers, given its flexibility to move in as-is, extend, or pursue subdivision and redevelopment opportunities subject to council approval.

Its prime positioning enjoys proximity to vibrant shopping and dining precincts such as The Parade Norwood and Marden Shopping Centre, along with reputable schools and public transport, facilitating effortless city and suburban living.

This is an excellent opportunity to secure a substantial property with promising potential in a sought-after pocket of South Australia.

Local Market Insights

In Payneham, Quiet Listings observed 10 new houses entering the market over the last 30 days, down from 14 during the previous 30-day period, with an average advertised asking price of $1,228,900. The property type mix of listed properties is predominantly Houses at 77%, followed by townhouses (9%), and units (5%). The most active agency for houses in the Payneham area is currently LJ Hooker, representing 30% of new listings, followed by Ray White 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.