FOR SALE
UNDER OFFER

20-21 Brooks Drive
Cowell SA 5602

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7228m2
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Residential Development Opportunity

Following significant investment by the local council, Cowell is about to undergo a transformation, with a new marina and foreshore developments including water park.
This will enhance the perception of Cowell as a holiday destination and also draw attention to Cowell as a preferred retirement location.
Offering 7228m2 of freehold residential land close to the town centre, within easy walking distance to shopping and services and the foreshore area.
For developers, the opportunity lies in land division, a housing estate, retirement village or short term accommodation (subject to necessary consents).
A holding income, whilst waiting for approvals, comes in the form of a short term lease agreement to a local transport company. Further holding income can be generated from the use of, or lease of the existing sheds on the property. The main shed measuring approx 50' x 40' with a 50' x 30' lean-to on the eastern side. Power lighting and concrete flooring provided.
An information pack is available including document to provide formal expressions of interest in this property.

Property Details for 20-21 Brooks Dr, Cowell

Building Type
Land
Land Size
7228m2

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About Cowell 5602

The size of Cowell is approximately 635.4 square kilometres. It has 16 parks covering nearly 4% of total area. The population of Cowell in 2011 was 1,069 people. By 2016 the population was 1,130 showing a population growth of 5.7% in the area during that time. The predominant age group in Cowell is 60-69 years. Households in Cowell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cowell work in a managers occupation. In 2011, 73.3% of the homes in Cowell were owner-occupied compared with 70.9% in 2016.

Cowell has 1,014 properties. Over the last 5 years, Houses in Cowell have seen a 108.78% increase in median value, while Units have seen a -27.77% decrease. As at 31 August 2024:

  • The median value for Houses in Cowell is $309,419 while the median value for Units is $234,995.
  • Houses have a median rent of $250.
There are currently 17 properties listed for sale, and 1 property listed for rent in Cowell on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Cowell.

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Michael Nance
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Mannum Estates
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