FOR SALE
Best Offer by 3/12/2024 by 6pm

34 - 36 Reservoir Road
Hope Valley SA 5090

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2380m2
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Prime Development Opportunity in Hope Valley

Marco Fellegvari & Prabh Gill from eXp realty are very proud to Introduce an exceptional development opportunity in the highly sought-after suburb of Hope Valley. Situated on a generous 2,380m² allotment, this site offers the perfect canvas for savvy investors and developers looking to capitalise on the booming real estate market.
Key Features:
- Total Land Size: 2,380m²
- frontage 21m
- Zoning: Residential
- Subdivision Potential:
-Option 1: 8 blocks, comprising 3 single-storey and 5 double-storey dwellings.
- Option 2: 7 blocks, with 1 block at 290m² and 6 blocks at 230m².
- Flexible Building Options: Single-storey and double-storey homes, or a mix of both to suit market demand. ( All STCC )
Tree Clearance: Following a change in council tree laws as of May this year, we successfully cleared most trees on the site. The remaining trees have been assessed by an arborist and pose no issues for development.
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Property Details for 34 - 36 Reservoir Rd, Hope Valley

Building Type
Land
Land Size
2380m2

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About Hope Valley 5090

The size of Hope Valley is approximately 5.1 square kilometres. It has 23 parks covering nearly 35% of total area. The population of Hope Valley in 2011 was 7,639 people. By 2016 the population was 7,885 showing a population growth of 3.2% in the area during that time. The predominant age group in Hope Valley is 60-69 years. Households in Hope Valley are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hope Valley work in a professional occupation. In 2011, 67.9% of the homes in Hope Valley were owner-occupied compared with 65.2% in 2016.

Hope Valley has 3,300 properties. Over the last 5 years, Houses in Hope Valley have seen a 89.83% increase in median value, while Units have seen a 101.51% increase. As at 31 October 2024:

  • The median value for Houses in Hope Valley is $789,451 while the median value for Units is $542,701.
  • Houses have a median rent of $580 while Units have a median rent of $445.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Hope valley on OnTheHouse. According to CoreLogic's data, 160 properties were sold in the past 12 months in Hope valley.

Suburb Insights for Hope Valley 5090

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Marco Fellegvari
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Prabh Gill
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EXP AUSTRALIA SA
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.