OFF MARKET

3-7 Gillings Street
Cleve SA 5640

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2854m2
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Property Details for 3-7 Gillings St, Cleve

Building Type
Land
Land Size
2854m2
Local Government
Cleve
Lot/Plan
A27/D5934

Last Listing description (August 2024)

MULTIPLE TOWN BLOCKS READY FOR CONSTRUCTION

ALLOTMENTS 26, 27, 28 AVILABLE FOR INDIVIDUAL SALE - CONTACT AGENT FOR PRICE.

Each Allotment is approximately 20m (frontage) x 48m (length) and approximately 950 sqm with nearby mains power and water connections.

3-7 Gillings Street is an Amazing Opportunity. The listing consists of over 2,800 sqm set across 3 adjoining vacant allotments and is the perfect chance to build your forever home with multiple outdoor areas and various infrastructure on this one-of-a-kind residential prospect or maybe you would prefer to develop with multiple dwellings that maximise the districts rental demand.

The listing features approximately 60m of frontage with 48m of depth and is located within close proximity to the towns main sporting facilities, new play space, and local golf course.

The vacant allotment needs minimal earthworks prior to building and comes with an installed water meter and power ready for connection.

3-7 Gillings Street makes for an ideal purchase for those looking at building a large 'modern style, open living' forever home, while still allowing for a large shed, rainwater tanks, and various outdoor entertainment spaces.

For the keen investors, why not take advantage of the possibility to purchase an affordable allotment that has the potential for various rental return dwellings to be set up over a period of time. With the districts high rental demand and excellent lease returns looking set to continue into the future, this is an opportunity like no other on the local market.

Vacant allotments, especially of this size, are very rare to the Cleve market so call Nick 0428 383 833 at Elders to discuss the listing or make an offer before 3-7 Gillings Street is Sold.

Property History for 3-7 Gillings St, Cleve, SA 5640

A timeline of how this property has performed in the market
Last Transferred
07 Dec 2015
  • 23 Nov 2023
    Listed for Sale Not Disclosed
  • 07 Dec 2015
    Transferred
  • 04 Mar 2011
    Sold for $55,000
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About Cleve 5640

The size of Cleve is approximately 548.7 square kilometres. It has 11 parks covering nearly 6.2% of total area. The population of Cleve in 2011 was 971 people. By 2016 the population was 965 showing a population decline of 0.6% in the area during that time. The predominant age group in Cleve is 60-69 years. Households in Cleve are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cleve work in a managers occupation. In 2011, 74.4% of the homes in Cleve were owner-occupied compared with 72.6% in 2016.

Cleve has 707 properties. Over the last 5 years, Houses in Cleve have seen a 93.23% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cleve is $239,027 while the median value for Units is $230,270.
  • Houses have a median rent of $208.
There are currently 22 properties listed for sale, and 2 properties listed for rent in Cleve on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Cleve.

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Disclaimer
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.