SOLD
Sold on 16 Oct 2024 for $1,315,000

102 Shakespeare Avenue
Magill SA 5072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 719m2
Sold By
All Adelaide City Edge
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Property Details for 102 Shakespeare Ave, Magill

102 Shakespeare Ave, Magill is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 719m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Magill in the last 12 months.

Building Type
House
Year Built
1955
Land Size
719m2
Local Government
Campbelltown
Lot/Plan
A108/F215036

Last Listing description (October 2024)

This is a very rare opportunity of a relatively flat significant rectangular corner allotment of 720m?. Offering a 3 street frontage in a desirable, tightly held location. This land is now ready for its next evolutionary phase and offers an exciting opportunity for entrepreneurial developers to recognise the benefits of its fabulous location and potential.

The allotment promises a plethora of redevelopment opportunities with lenient council zonings affording the experienced homebuilder an opportunity to construct 2 brand-new homes (subject to current council consents and planning regulations).

The current original 1960's residence was recently long-term tenanted and features 3 spacious bedrooms across a traditional 5 main room design. A renovator may wish to renew and revitalise, but the real value of this offering is in the large allotment and its future use potential.

Get thinking, get creative and do the maths, this is a rare opportunity that will certainly reward the astute entrepreneur with a positive future vision.

Briefly:
* Original 1960s residence on generous corner allotment
* Block size of 720m?
* Opportunity to demolish and redevelop into multiple brand-new homes
* 3 street frontages with multiple access points available
* Great location close to local reserves, schools and shopping
* Original home of 3 bedrooms and 5 main rooms
* Unique opportunity for the astute entrepreneur

Outstanding recreational amenities are available just up the road at the Hectorville Sports & Community Club where tennis courts, playground, oval and open space offer fabulous community facilities. Modern shopping amenities can be found at Firle Shopping Centre along with the specialty shops and medical facilities of Glynburn Road.

The local primary school, unzoned, is Magill School, while the zoned secondary school is Norwood International High School. Local quality private schools include St Josephs, Rostrevor College, St Francis of Assisi and Pembroke School.

Zoning information is obtained from www.education.sa.gov.au Purchasers are responsible for ensuring by independent verification its accuracy, currency or completeness.

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice.

The vendor's statement (Form 1) will be made available at 193 North East Road Hampstead Gardens for 3 consecutive business days prior to the Auction as well as at the premises on the day 30 minutes prior to the Auction.

Property History for 102 Shakespeare Ave, Magill, SA 5072

A timeline of how this property has performed in the market
Last Sold
$1,315,000
16 Oct 2024
  • 16 Oct 2024
    Sold for $1,315,000
  • 13 Aug 2024
    Listed for Sale Auction On Site: Saturday 31st of August at 5:15pm
  • 08 Dec 2021
    Transferred

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About Magill 5072

The size of Magill is approximately 3.5 square kilometres. It has 18 parks covering nearly 6.4% of total area. The population of Magill in 2011 was 8,229 people. By 2016 the population was 8,845 showing a population growth of 7.5% in the area during that time. The predominant age group in Magill is 30-39 years. Households in Magill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Magill work in a professional occupation. In 2011, 63.3% of the homes in Magill were owner-occupied compared with 65.1% in 2016.

Magill has 4,874 properties. Over the last 5 years, Houses in Magill have seen a 77.00% increase in median value, while Units have seen a 62.95% increase. As at 31 October 2024:

  • The median value for Houses in Magill is $1,172,453 while the median value for Units is $612,156.
  • Houses have a median rent of $628 while Units have a median rent of $483.
There are currently 20 properties listed for sale, and 8 properties listed for rent in Magill on OnTheHouse. According to CoreLogic's data, 208 properties were sold in the past 12 months in Magill.

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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.