40 Lionel Avenue, Blair Athol SA 5084

Set on a substantial corner allotment of approximately 739 square metres with dual frontage to both Lionel Avenue and Florence Avenue, this property stands out for its exceptional development potential rather than its existing features. The site benefits from a recent Planning Consent granted by the City of Port Adelaide Enfield for the construction of five two-storey townhomes, comprising four semi-detached and one detached dwelling. This approval represents a significant investment in design, planning, and negotiation, addressing key challenges such as infrastructure placement and public works impacts, removing common barriers to infill development.

The approved plan details provide a well-considered layout with individual crossovers for each townhome, eliminating shared driveways and enhancing street presence and accessibility. The semi-detached units are approximately 101 square metres internally and include three to four bedrooms, two bathrooms, carports plus multiple parking spaces, and private open spaces. The detached unit offers a larger internal area of about 126 square metres with similar amenities, providing a diverse product offering on the one site.

Configured for Torrens title division, this planning consent means potential buyers or developers can expect to achieve free-standing titles for each dwelling, broadening the market appeal, improving financing options, and potentially commanding a premium compared to community title arrangements.

In the interim, the existing circa-1949 cottage remains rentable, generating reliable holding income to offset costs during your planning and documentation phase, reflecting practical financial sense in addition to long-term planning benefits.

Located just 6 kilometres north of the Adelaide CBD, Blair Athol offers established amenities including schools, shopping options, and public transport, with quick arterial access to the city and northern suburbs. The area has demonstrated strong property performance, with a median house price increasing notably over recent years, underlining the attractiveness of investment or redevelopment here.

This opportunity is particularly suited to developers, investors, or those seeking a strategic property with both immediate income potential and a clear, documented pathway to a significant infill project. The detailed due diligence pack is available upon request to provide further insights and assist informed decision-making.