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Location

Market Insights for Modbury North SA 5092

New Listings (last 30 days)

Average price

$876,632

Lowest price

$685,000

Highest price

$1,400,000

566 Montague Road, Modbury North SA 5092

Best Offers By 21st October (USP)

Search Band

$950k - $1M Medium Confidence Calculated based on our search observations.

House 3 beds 1 bath 1 car 710 m²

Listed: 7 days ago

Updated: 8 hours ago

Overview

Located centrally in the Modbury precinct, this property offers a substantial 710 square metre lot with a modest three-bedroom house occupying the site. The generous land size and Housing Diversity Neighbourhood (HDN) zoning provide potential for future redevelopment opportunities subject to planning approvals, making it an attractive proposition for developers and investors seeking growth prospects.

Its proximity to key amenities such as Westfield Tea Tree Plaza, Modbury Hospital, and Civic Park reinforces the convenience of this locale. Additionally, excellent public transport options including the O-Bahn offer straightforward access to the Adelaide CBD, enhancing the property's appeal for commuters.

The existing dwelling presents a practical layout with essential amenities, suitable for those seeking an immediate investment or residence while exploring redevelopment options. This blend of land potential and functional home makes the property a flexible asset in a well-connected area.

Zoned for Housing Diversity Neighbourhood, supporting future land use flexibility.
Ample 710 sqm land allotment offering scope for development (STPC).
Existing three-bedroom home provides current utility.
Close walking distance to major shopping, medical, and recreational facilities.
Convenient access to public transportation and O-Bahn for city commutes.

This property is particularly suitable for investors, developers, or those ready to capitalize on Modbury's strategic location, offering a balance of immediate liveability and long-term development potential.

Local Market Insights

In Modbury North, Quiet Listings observed 19 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $876,632. The property type mix of listed properties is predominantly Houses at 73%, followed by land (17%), and units (7%). The most active agency for houses in the Modbury North area is currently Ray White, representing 32% of new listings, followed by LJ Hooker with 26%. 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.