OFF MARKET

395-397 Cross Road
Edwardstown SA 5039

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 84m2
Land area: 695m2
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Property Details for 395-397 Cross Rd, Edwardstown

395-397 Cross Rd, Edwardstown is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1934. The property has a land size of 695m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
House
Year Built
1934
Floor Size
84m2
Land Size
695m2
Local Government
Marion
Lot/Plan
A146/F9173

Last Listing description (March 2023)

Nestled in one of Adelaide's up and coming suburbs, this is a very rare and perfect opportunity for an astute investor, builder or a home buyer to capitalize on the full potential of this very unique one title property in this area. Edwardstown has experienced an increasing popularity over the years.

Situated on a generous 705m2 (approx.) corner block in the Marion Plains Policy Area 8, the property is currently being tenanted( two leases) separately, divided in the middle, with 2 bedrooms, 1 bathroom, separate dining room, kitchen, laundry and big lounge on each side, along with a large sunroom and roller door garage on the left side with side access from Pine St. An extended outdoor entertaining area, a large shed and a long concrete driveway for ample car parking is conveniently located on the right side of the property. Expansive backyard on both sides and rainwater tank are available on both side as well.

A few options are worth of considering to the new owner of this very unique property:
Option 1: buying as a sound investment to hold with two rental incomes from one property
Option 2?Living on one side of the property and rent the other side out
Option 3: Make it a lovely 4 bedroom family home.
Option 4: Convert this property into two different titles ( STCC), keep or sell is your choice
Option 5: Take full advantage of this corner block to subdivide and rebuild (STCC)

Ideally located half way between the city and beach, with all the required amenities from lifestyle to education within minutes from your door, there is nothing more than this brilliant property can offer.
Living or investment, do not miss this fantastic opportunity to acquire this lovely property.

For further information please call LJ Hooker – Plympton, Bruce Wang 0416 051 605.

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Property History for 395-397 Cross Rd, Edwardstown, SA 5039

A timeline of how this property has performed in the market
Last Sold
$585,000
12 Feb 2020
Listed for Rent
$803/w
28 Jun 2022
  • 28 Jun 2022
    Listed for Rent - Price not available
  • 28 Mar 2022
    Listed for Rent - Price not available
  • 12 Feb 2020
    Sold for $585,000
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About Edwardstown 5039

The size of Edwardstown is approximately 2.3 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Edwardstown in 2011 was 3,948 people. By 2016 the population was 4,324 showing a population growth of 9.5% in the area during that time. The predominant age group in Edwardstown is 20-29 years. Households in Edwardstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Edwardstown work in a professional occupation. In 2011, 51.6% of the homes in Edwardstown were owner-occupied compared with 50.2% in 2016.

Edwardstown has 2,567 properties. Over the last 5 years, Houses in Edwardstown have seen a 87.14% increase in median value, while Units have seen a 76.11% increase. As at 30 September 2024:

  • The median value for Houses in Edwardstown is $897,517 while the median value for Units is $564,485.
  • Houses have a median rent of $560 while Units have a median rent of $440.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Edwardstown on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Edwardstown.

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