SOLD
Sold on 15 Jan 2024 for $640,000

8 Melrose Avenue
Clearview SA 5085

Bedrooms: 6
Bathrooms: 3
Car spaces: 1
Floor area: 351m2
Land area: 722m2
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Jump Property Mile End (RLA 260752)
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Property Details for 8 Melrose Ave, Clearview

Building Type
Land
Year Built
2024
Floor Size
351m2
Land Size
722m2
Local Government
Port Adelaide Enfield
Lot/Plan
A242/D2964

Last Listing description (January 2024)

8 Melrose Avenue, Clearview offers a unique opportunity to capitalise on the rear access to this property via Gale Lane to potentially create 2 x new Torrens Titled courtyard homes both with double garages to Gale Lane.

Planning Approval has been granted for a proposed 1 into 2 x lot subdivision. The drawings and Decision Notification documentation from Plan SA will be made available to any interested party upon request so as they can pursue the project should they wish and do their own due diligence.

Currently there is a solid brick 2-bedroom home circa 1958. sitting on the property that enjoys a North facing back yard and easy access to public transport, great schools and shopping facilities.

With a rental potential of $360 to $400 per week, this offers the investors & developers holding income while they obtain their building rules consents & build quotes.

Don't miss out on your chance to secure a fantastic opportunity to acquire a site that has a range of options available to the home buyer - new home builder or for the investor developer who wants to build 2 x homes here and take advantage of the rear lane access.

* Torrens Titled with 17 Metre (approximately) frontages to Melrose Avenue &
Gale Lane

* North facing back yard to take advantage of winter sun and thermal
efficiency

* Each potential new block will have 358 SQM in area and 8.4M frontage to
Melrose Avenue (S.T.C.C) Planning Approval has now been granted.

* All building and development will be subject to consents & approvals

* Access to Gale Lane, potentially offering double garages to each new
allotment / home - Subject to Building Rules Consents & Approvals from Plan
SA & City of Port Adelaide Enfield Council

Contact Kevin at Jump Property RLA 260 752 for more information including the drawings of the Planning Consent elevations, facades & plan of division (S.T.C.C)

M: 0432 375 216 E: kevin@jumpproperty.com.au

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Property History for 8 Melrose Ave, Clearview, SA 5085

A timeline of how this property has performed in the market
Last Sold
$640,000
15 Jan 2024
Listed for Rent
$400/w
25 May 2012
  • 15 Jan 2024
    Sold for $640,000
  • 15 Sep 2023
    Listed for Sale Not Disclosed
  • 21 Dec 2012
    Sold for $282,000
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About Clearview 5085

The size of Clearview is approximately 1.7 square kilometres. It has 6 parks covering nearly 16.4% of total area. The population of Clearview in 2011 was 3,452 people. By 2016 the population was 3,786 showing a population growth of 9.7% in the area during that time. The predominant age group in Clearview is 30-39 years. Households in Clearview are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clearview work in a professional occupation. In 2011, 56.9% of the homes in Clearview were owner-occupied compared with 56.7% in 2016.

Clearview has 2,088 properties. Over the last 5 years, Houses in Clearview have seen a 84.46% increase in median value, while Units have seen a 91.42% increase. As at 30 September 2024:

  • The median value for Houses in Clearview is $842,070 while the median value for Units is $485,806.
  • Houses have a median rent of $600 while Units have a median rent of $375.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Clearview on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Clearview.

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