OFF MARKET

2/60 Chapel Street
Norwood SA 5067

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 178m2
Land area: 155m2
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Property Details for 2/60 Chapel St, Norwood

2/60 Chapel St, Norwood is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 2005. The property has a land size of 155m2 and floor size of 178m2. While the property is not currently for sale or for rent, it was last transferred in May 2019.

Building Type
House
Year Built
2005
Floor Size
178m2
Land Size
155m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
F3/C23393

Last Listing description (November 2015)

SOLD ON CLOSING DATE! 3 GREAT OFFERS!!!
DECISIONS, DECISIONS ..... LIVE HERE; RENT OUT OR USE AS A COMPLETE OFFICE SETUP!
Stylish and trendy living or very convenient workplace . all in the heart of Adelaide s premier suburb!!

This street-frontage substantial town home / dual living apartment is arguably one of Norwood s most unique properties.
Offering two homes in one, OVER 216 SQM in total, this is a fantastic, very trendy home, office or even better, a great income generator, given its valuable zoning.
Here's a snapshot of your options:
1. Live upstairs, set up your office downstairs the unique and valuable Zoning allows for residential, combined with commercial office use.
2. You may even prefer to use the entire property as a complete office set up or even rent out as TWO individual office set ups??
3. Live upstairs, rent out the downstairs apartment
4. Rent out both apartments what a fantastic investment! Great holiday or B&B letting option!!
5. Or maybe just enjoy the entire home as your own giving you 4 bedrooms, 3 bathrooms, 2 living areas; and plenty of accommodation!
Our owner has relocated interstate so has no further use for the property. He is seeking offers to reflect the unique nature of this versatile and substantial property. His bottom line has been set at $755,000 and the best offer at that price or above (with most favourable conditions to vendor) will buy. Offers close on TUESDAY 9TH JUNE at 12 NOON.
Where else can you find a gorgeous apartment upstairs where the unique (and highly prized) Mixed Use Zoning allows for a fantastic office set-up below? This rare offering gives you the perfect live and work from home scenario.
Alternatively, the two, securely separated apartments each offer totally different layouts but each with two bedrooms and large living areas. You may prefer to live upstairs and rent out the below apartment to supplement your income and pay down your mortgage!
OR you may prefer to use both as income generators, where attractive rentals would be paid for this highly desirable location. Either one may suit short term holiday letting or be great B&B setups. Or as mentioned, rent out as a complete OFFICE setup!
OR you may prefer to reclaim the double garage by removing the existing floating wall in the living area, and then retain the downstairs apartment as a SINGLE bedroom apartment. The dual entrance and direct access to garage gives this versatility.
OR this residence is also an ideal home for the larger family where the current layout can easily be converted back to one large 4 bedroom home with double garage.
THE OPTIONS ARE ENDLESS!!
Upstairs living offers: Sundrenched open plan living area with casual meals and kitchen with sweeping stone island bench. (Front loader washer is included in the sale) Wall of picture windows; two super-sized bedrooms (WIR & ensuite to main); ultra modern family bathroom, rich timber hardwood flooring; integrated sound system (piped through home); great size entertaining balcony.
Downstairs apartment offers: Two massive bedrooms; kitchenette, modern bathroom, internal European laundry, small rear courtyard. As mentioned, the current layout with its huge living area, can easily and inexpensively be converted back to double garage which will then adapt the downstairs apartment back to one bedroom and large separate living area with glass sliders out to rear courtyard.
AS MENTIONED, PLENTY OF OPTIONS!
YOU WON'T FIND SUCH VERSATILITY WITH VALUABLE COMBINED ZONING OF COMMERCIAL / RESIDENTIAL USE!!

Property History for 2/60 Chapel St, Norwood, SA 5067

A timeline of how this property has performed in the market
Last Transferred
29 May 2019
Listed for Rent
$450/w
13 Apr 2011
  • 29 May 2019
    Transferred
  • 31 Jul 2015
    Sold for $788,888
  • 07 May 2015
    Listed for Sale $755,000
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About Norwood 5067

The size of Norwood is approximately 2.2 square kilometres. It has 10 parks covering nearly 1.8% of total area. The population of Norwood in 2011 was 5,802 people. By 2016 the population was 5,982 showing a population growth of 3.1% in the area during that time. The predominant age group in Norwood is 20-29 years. Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation. In 2011, 49.8% of the homes in Norwood were owner-occupied compared with 50% in 2016.

Norwood has 4,558 properties. Over the last 5 years, Houses in Norwood have seen a 71.24% increase in median value, while Units have seen a 37.95% increase. As at 31 July 2024:

  • The median value for Houses in Norwood is $1,513,934 while the median value for Units is $678,332.
  • Houses have a median rent of $660 while Units have a median rent of $580.
There are currently 11 properties listed for sale, and 19 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 216 properties were sold in the past 12 months in Norwood.

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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.