FOR SALE
$749,000 - $799,000 - OFFERS CLOSE 19/11

1 Risely Avenue
Royal Park SA 5014

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 571m2
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Corner Block in Royal Park with Subdivision Potential (STCC)

Unlock the potential of this remarkable corner block at 1 Risely Avenue, which has not been sold for over 40 years. Spanning approximately 571m² with an impressive 18.1m approx. frontage, this property is perfectly positioned for redevelopment (STCC) in one of the most desirable suburbs of Adelaide. Whether you're looking to build your dream home or explore investment possibilities, this site offers a unique opportunity to tap into a thriving community with substantial growth prospects.
The existing residence is well-appointed and features a practical layout that enhances its appeal. The kitchen is designed for convenience, featuring ample storage, a tiled splashback, a 4-burner gas cooktop, and a double stainless steel sink. The home comprises two comfortable bedrooms, both equipped with ceiling fans, while the main bedroom includes built-in robes and air conditioning for added comfort. An optional third room can serve as a private dining space, study, or whatever suits your needs. The cosy lounge area, complete with a ceiling fan and air conditioning, provides a welcoming retreat year-round.
Key Features:
- Potential for subdivision (STCC)
- Approximately 571m² land size with 18.1m approx. frontage
- 2 bedrooms with ceiling fans; main room with built-in robes & air conditioning
- Optional third room, ideal for a study, private dining or third bedroom
- Well-presented kitchen with ample storage & modern appliances
- Air conditioning & ceiling fans in key living areas
- Spacious backyard with large verandah, bird aviary, rainwater tank & additional outside toilet for convenience
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Property Details for 1 Risely Ave, Royal Park

1 Risely Ave, Royal Park is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 571m2. The place is currently for sale with Ray White Port Adelaide & Largs Bay.

Building Type
House
Land Size
571m2

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About Royal Park 5014

The size of Royal Park is approximately 1.6 square kilometres. It has 6 parks covering nearly 5.7% of total area. The population of Royal Park in 2011 was 2,863 people. By 2016 the population was 2,993 showing a population growth of 4.5% in the area during that time. The predominant age group in Royal Park is 30-39 years. Households in Royal Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Royal Park work in a trades occupation. In 2011, 66.7% of the homes in Royal Park were owner-occupied compared with 66.3% in 2016.

Royal Park has 1,882 properties. Over the last 5 years, Houses in Royal Park have seen a 90.25% increase in median value, while Units have seen a 97.78% increase. As at 31 October 2024:

  • The median value for Houses in Royal Park is $818,588 while the median value for Units is $570,336.
  • Houses have a median rent of $595 while Units have a median rent of $545.
There are currently 10 properties listed for sale, and 1 property listed for rent in Royal park on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Royal park.

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Rocco Monteleone
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Rick Schultz
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Ray White Port Adelaide & Largs Bay
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