88 Rundle St, Kent Town is a 0 bedroom, 0 bathroom House. The property has a land size of 135m2.
JLL is pleased to offer to the market 88 Rundle Street, Kent town arguably the best residential development site to be offered in the inner metropolitan area in recent times. Comprising 3,640sqm* of prime Kent Town land, the site occupies a commanding position on the south eastern corner of Rundle Street and College Road, with additional frontage to Little Grenfell Street at the rear.
The regular shape of the site and it s three generous street frontages result in a very efficient residential development site, with potential for townhouses, apartments, or a mixture of both (subject to statutory consents). Further, existing buildings have the potential to provide valuable short term income to offset holding costs while development options are assessed.
Situated mid-way between the Adelaide CBD and The Parade, Norwood, the property is in an enviable residential location with public transport readily accessible, major shops, supermarkets and schools nearby and just a short stroll from Rundle Street and all that the city s East End has to offer.
The size of Kent Town is approximately 0.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Kent Town in 2011 was 1,199 people. By 2016 the population was 1,234 showing a population growth of 2.9% in the area during that time. The predominant age group in Kent Town is 20-29 years. Households in Kent Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kent Town work in a professional occupation. In 2011, 34.3% of the homes in Kent Town were owner-occupied compared with 35% in 2016.
Kent Town has 1,118 properties. Over the last 5 years, Houses in Kent Town have seen a 93.67% increase in median value, while Units have seen a 56.36% increase. As at 31 August 2024:
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