SOLD
RECENT ADVICE
Sold on 16 Nov 2024 for $1,077,000

116 Richmond Avenue
Melrose Park SA 5039

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 127m2
Land area: 745m2
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Property Details for 116 Richmond Ave, Melrose Park

Building Type
Commercial
Year Built
1955
Floor Size
127m2
Land Size
745m2
Local Government
Mitcham
Lot/Plan
A21/D3428

Last Listing description (November 2024)

Right on the cusp of Cumberland Park and a stone's throw to Edwardstown Primary and the bustling Castle Plaza, 116 Richmond Avenue - a beautifully updated c.1955 solid brick charmer set on a sprawling 745sqm parcel - is the picture-perfect base for those in search of character charm they can move straight into, while securing incredible size and scope to expand on.

Bright and airy throughout, discover a crisp interior warmed by rich hardwood floors, and where a familiar 3-bedroom footprint of spacious size complements the light-filled lounge and versatile sunroom at the rear. From a kids' playroom for those with little legs on the run or an inspiring home office, lovely open-plan modern kitchen and dining hub letting you cook with company, to the wonderfully sunbathed and crucial north-facing backyard stretching across lush lawns where you can sit in alfresco ease and watch the kids play or family pet roam a quick glance out here instantly reveals the huge potential that awaits.

Perfectly comfortable as is, and with a world of renovation, extension and redesign possibilities at the ready (STCC) in this hugely thriving city-south pocket that has you equal distance to the soft sands of Glenelg and Brighton, the hustle and bustle of Westfield Marion, and Adelaide CBD by way of car, bus or train - give this Melrose Park beauty the brightest of futures!

FEATURES WE LOVE
Sprawling 745sqm (approx.) mid-century property with classic red brick frontage inviting wonderful scope to renovate, extend, redesign or rebuild (subject to council conditions)
Beautifully presented and updated interior, letting you move in as is and live creature comfort with 3 generous bedrooms
Light-filled formal lounge at entry and lovely sunroom at the rear for optional household versatility
Bright and airy modern kitchen and dining zone featuring crisp cabinetry and cupboards, subway tile splashback, dual sinks, sleek electric cook top and dishwasher
Neat and tidy contemporary bathroom with separate shower and bath, as well as separate WC adjoining the large laundry with storage
Wide all-weather alfresco area overlooking the sweeping and sunny backyard catching priceless north-facing sunshine
Loads of kid and pet-friendly lawn space, as well as established fruit trees
Classic solid brick frontage, carport and long driveway extending to a secure garage/workshop

LOCATION
Superb everyday lifestyle on deck with local cafs and tasty takeaway eateries a short stroll from your front door
A welcome walk to Edwardstown Primary for stress-free school runs, zoned for the reputable Unley High, and with Cabra College, Springbank and Sacred Heart College all at arm's reach
Cooee to Castle Plaza & Target for all your shopping essentials and household needs
13-minutes to Westfield Marion, same to the vibrant Jetty Road Glenelg and nearby beaches, and a 10-minute bee-line to the CBD straight down Goodwood Road

Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.

Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property Details:
Council | MITCHAM
Zone | SN - Suburban Neighbourhood
Land | 745sqm(Approx.)
House | 199sqm(Approx.)
Built | 1955
Council Rates | $1,816.65 pa
Water | $201.45pq
ESL | $347.65pa

Property History for 116 Richmond Ave, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$1,077,000
16 Nov 2024
Listed for Rent
$350/w
25 Apr 2015
  • 16 Nov 2024
    Sold for $1,077,000
  • 27 Oct 2024
    Listed for Sale CONTRACTED AT AUCTION
  • 20 Dec 2018
    Transferred
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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016.

Melrose Park has 1,188 properties. Over the last 5 years, Houses in Melrose Park have seen a 85.10% increase in median value, while Units have seen a 75.91% increase. As at 31 October 2024:

  • The median value for Houses in Melrose Park is $1,081,456 while the median value for Units is $577,253.
  • Houses have a median rent of $580 while Units have a median rent of $400.
There are currently 5 properties listed for sale, and 1 property listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Melrose park.

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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.