63 Chapman TerraceKingscote SA 5223
Property Details for 63 Chapman Tce, Kingscote
Last Listing description (April 2024)
63 CHAPMAN TERRACE, KINGSCOTE, SA 5223 - "The Stables". Circa 1905. Exceptional site with an area of 547 m2 and stunning, unrestricted sea views. Development opportunity (STCC). The stables and associated buildings were built at the rear of the Union Bank to house and feed horses for bank staff. The block is the last on the forefront within walking distance of all that Kingscote has to offer.
The current modest building has 2 rooms a small kitchenet, bathroom and toilet. Power and water connected.
Council has advised that the area is zoned "Tourism Development"; townhouses for accommodation, boutique hotel, retail for tourism are possible STCC. We are also advised that there may be potential to develop as a private sea side home, however this will initially be a "non-compliant application" and require a change of land use application, however, Council have not ruled this out and an application would be reviewed on its merits.
Heritage Adjacency Overlay is in place meaning that any development must to detract from the heritage of the neighboring bank building.
Property History for 63 Chapman Tce, Kingscote, SA 5223
- 26 Oct 2022Listed for Sale Contact Agent
- 04 Nov 1994Sold for $73,500
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0About Kingscote 5223
The size of Kingscote is approximately 18.2 square kilometres. It has 21 parks covering nearly 3.8% of total area. The population of Kingscote in 2011 was 2,032 people. By 2016 the population was 1,820 showing a population decline of 10.4% in the area during that time. The predominant age group in Kingscote is 50-59 years. Households in Kingscote are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingscote work in a labourer occupation. In 2011, 66.6% of the homes in Kingscote were owner-occupied compared with 64.3% in 2016.
Kingscote has 1,726 properties. Over the last 5 years, Houses in Kingscote have seen a 81.35% increase in median value, while Units have seen a 16.65% increase. As at 30 September 2024:
- The median value for Houses in Kingscote is $457,013 while the median value for Units is $259,758.
- Houses have a median rent of $395 while Units have a median rent of $185.
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