FOR SALE
Auction On-Site Saturday 23rd November 1:00PM

50 First Avenue
Payneham South SA 5070

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 122m2
Land area: 737m2
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Auction Time
Sat 23 Nov 1:00 pm
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No upcoming inspections scheduled.
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Build Out your Vision on First Avenue

Lean into the exciting process of designing a visionary home for your family from solid 40's foundations and a well-proportioned 737sqm slice of Payneham South on friendly First Avenue.
Offering a current blueprint of some 122sqm with a generous front yard and huge backyard, the canvas is blank and prime for an exciting extension, tying in the existing five main rooms - or simply start from scratch and capitalise on this blue-chip eastern suburbs location to develop a new home (STCC) with a prime position.
The home itself makes a charming street presence with a gabled terracotta-tiled roof and fresh white façade. Enter via an eastern verandah into the entry hall to find the first bedroom, a new monochrome bathroom, and a large living room with a heater and split system A/C unit. The kitchen/meals tick the boxes for functionality with a maintained timber-look kitchen, contemporary floating floors and lots of natural light, with another split system A/C unit in place for year-round comfort, and a second toilet, dedicated laundry and verandah situated off the kitchen.
Two more bedrooms feed off the dining, with wall-to-wall built-in robes for the largest, with perhaps the potential to convert the smaller into a walk-in robe and ensuite… Potential is certainly paramount in this wonderful property, in a location that needs no introduction. Positioned on tree-lined First Avenue, embrace a locale that's just 4km to the Adelaide CBD and less than 2km to Norwood Parade in the leafy eastern suburb of Payneham South.
FEATURES WE LOVE
• Generous 737sqm (approx.) north/south rectangular allotment and wide frontage
• Charming original home with large blank canvas backyard
• Well-sized original rooms including a large lounge room
• Fluid kitchen/meals area
• Three well-sized bedrooms
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Property Details for 50 First Ave, Payneham South

50 First Ave, Payneham South is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 737m2 and floor size of 122m2. The place is currently for sale with Ray White Norwood.

Building Type
House
Floor Size
122m2
Land Size
737m2

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About Payneham South 5070

The size of Payneham South is approximately 0.6 square kilometres. It has 1 park. The population of Payneham South in 2011 was 1,545 people. By 2016 the population was 1,647 showing a population growth of 6.6% in the area during that time. The predominant age group in Payneham South is 20-29 years. Households in Payneham South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Payneham South work in a professional occupation. In 2011, 59.7% of the homes in Payneham South were owner-occupied compared with 58% in 2016.

Payneham South has 850 properties. Over the last 5 years, Houses in Payneham South have seen a 68.01% increase in median value, while Units have seen a 70.30% increase. As at 31 October 2024:

  • The median value for Houses in Payneham South is $1,332,933 while the median value for Units is $550,762.
  • Houses have a median rent of $620 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and no properties listed for rent in Payneham south on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Payneham south.

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Vanessa Bianco
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Joe Hibeljic
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Ray White Norwood
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