$11,250,000
Lot 73 Graves Street
Lot 73 Graves Street Newton SA 5074
Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1.25ha
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Newtons Last Frontier For Development
LJ Hooker Adelaide Metro is delighted to present the exceptional opportunity to acquire Lot 73 Graves St, Newton.
This strategically positioned land boasts an enviable access via Polvere Avenue for an infill development site, prominently situated in the highly sought-after inner north-eastern suburbs of Adelaide.
Spanning approximately 12,500 square metres of vacant land with General Neighborhood Zoning, the property is conveniently located just 10 kilometres north-east of the Adelaide CBD.
Surrounded predominantly by residential accommodation, including detached and semi-detached dwellings, the property enjoys proximity to essential amenities. The Newton Shopping Centre is a mere 1 kilometre away. Additionally, a diverse range of community and recreational facilities are within easy reach.
Benefiting from favorable planning policies, the size and prime location of this land presents prospective buyers with a compelling opportunity for a comprehensive redevelopment project.
Catering to a wide spectrum of buyers, including residential developers, retirement and aged care providers, as well as specialist disability accommodation investors, the property holds significant appeal across various markets.
*Zoned: General Neighbourhood*
To arrange a site inspection or to obtain further details, please contact Claude Buccella, George De Vizio or Luke Mitchell at LJ Hooker Adelaide Metro.
Purchasing this property as an investment? Talk with Kirsty Clark from our PM team and see why our Property Management department is #1 amongst all the LJ Hooker offices Worldwide.
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
See MoreProperty Details for Lot 73 Graves St, Newton
Building Type
Land
Land Size
1.25ha
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About Newton 5074
The size of Newton is approximately 2.2 square kilometres. It has 13 parks covering nearly 6.6% of total area. The population of Newton in 2011 was 4,665 people. By 2016 the population was 4,786 showing a population growth of 2.6% in the area during that time. The predominant age group in Newton is 40-49 years. Households in Newton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newton work in a professional occupation. In 2011, 71.4% of the homes in Newton were owner-occupied compared with 70.6% in 2016.
Newton has 2,703 properties. Over the last 5 years, Houses in Newton have seen a 73.57% increase in median value, while Units have seen a 76.22% increase. As at 31 August 2024:
- The median value for Houses in Newton is $890,141 while the median value for Units is $565,141.
- Houses have a median rent of $595 while Units have a median rent of $600.
There are currently 6 properties listed for sale, and 5 properties listed for rent in Newton on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Newton.
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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.