1 Magnolia CourtBanksia Park SA 5091
Property Details for 1 Magnolia Ct, Banksia Park
1 Magnolia Ct, Banksia Park is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 2022. The property has a land size of 2588m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (September 2020)
Being offered for the first time the modern era, this rarely found and often sought, massive 2,590sqm (Approx) allotment, is quietly nestled in a botanic, reserve setting in a quiet, no through road cul-de-sac. The property boasts mature trees and fabulous terraced gardens flowing throughout a vibrant natural allotment where abundant bird and natural wildlife create a soothing environmental ambience.
Think you're more in the country than the city as you roam amidst once proud, terraced gardens, now disused and ready for the next residential evolutionary phase.
Developers will need to act fast to secure this one. With a plethora of future use opportunities available, the allotment will surely attract the attention of both those wishing to subdivide and redevelop, (STCC), or those who desire a large allotment to build their dream home.
The original 1963 constructed solid brick home is in good condition and offers 3 bedrooms across a 5 main room design with solid brick garage adjoining. The potential to renovate and revitalise is available, but the real value of this one is in the massive allotment and its viable future use potential.
Extensive outbuildings include 2 powered workshops, a disused tennis court, a carport and 9 rainwater tanks. A babbling winter creek flows through the allotment offering a valuable natural water source. Several bridges across the creek and offer ease of access to the entire allotment where towering natural trees and abundant undergrowth provide a lush natural habitat.
This one is all about the land! A rare and desirable release indeed. Be quick to act!
Briefly:
* 1963 constructed, solid brick home on extensive landholding
* Massive 2,590sqm (approx) allotment with abundant established gardens, plants and trees
* Babbling winter creek flowing through the allotment
* Rare and exciting potential to redevelop (STCC)
* Level and fenced, disused tennis court
* 9 rainwater tanks, with extensive irrigation system
* 2 powered workshops
* Carport
* Lock-up gates to street
* Main home of 5 main rooms plus adjoining solid brick garage
* 3 bedrooms plus separate laundry toilet and bathroom
* Combined living/dining and adjacent kitchen
* Wide frontage to street plus side walkway
Quietly located on the suburban fringe in a quiet no through road location. Banksia Park Kindergarten, Primary and International High Schools are quite close by along with Tea Tree Gully, Ridgehaven and Fairview Park Primary Schools.
Tea Tree Gully Golf Club is only a few minutes away along with the Tea Tree Gully Sports Complex, hosting football, cricket, tennis, netball, athletics and gymnastics.
Fairview Park Shopping Centre is close by for your daily needs with Golden Grove Village and Tea Tree Plaza offering a world class shopping experience, plus express Park & Ride' Obahn Busway transport to the city.
Ray White Norwood are working directly with the current government requirements associated with open inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that restrictions on numbers attending any one home are in place and social distancing will be required.
We strongly recommend that if you have recently returned from travel interstate or overseas or are feeling unwell at this time, please contact the listing agent to discuss alternative ways to view or bid at any upcoming auctions and/ or appointments.
Property Details:
Council | Tea Tree Gully
Zone | Residential
House | 145sqm (Approx.)
Land | 2,590sqm (Approx.)
Built | 1963
Council Rates | $1,931 Per Annum
Water | $188.93 Per Quarter
ESL | $291.70 Per Annum
Property History for 1 Magnolia Ct, Banksia Park, SA 5091
- 27 Nov 2020Sold for $525,000
- 10 Feb 2020Listed for Sale Private Inspection Available Anytime!!
- 19 Dec 2019Transferred
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0About Banksia Park 5091
The size of Banksia Park is approximately 2.8 square kilometres. It has 12 parks covering nearly 11.7% of total area. The population of Banksia Park in 2011 was 3,237 people. By 2016 the population was 3,262 showing a population growth of 0.8% in the area during that time. The predominant age group in Banksia Park is 30-39 years. Households in Banksia Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banksia Park work in a professional occupation. In 2011, 89.1% of the homes in Banksia Park were owner-occupied compared with 88.6% in 2016.
Banksia Park has 1,434 properties. Over the last 5 years, Houses in Banksia Park have seen a 87.93% increase in median value. As at 31 October 2024:
- The median value for Houses in Banksia Park is $771,268 while the median value for Units is $734,248.
- Houses have a median rent of $550.
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