42 Edward St, Norwood is a 7 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1925. The property has a land size of 929m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 7 bedroom Unit sold in Norwood in the last 12 months.
AUCTION: SATURDAY, 16TH SEPTEMBER 2023 AT 11:00AM
Rare investment or development opportunity in the heart of Norwood.
Large allotment of 930m (approx.) with 15.29m frontage to Edward Street, just a short walk to the heart of The Parade.
Current improvements on the land consist of three neatly presented dwellings.
An original three-bedroom Villa residence is positioned at the front of the allotment, with its own carport and direct access off Edward Street.
As you enter off the covered verandah you are welcomed into a central hallway with high ceilings.
There are three well-proportioned bedrooms coming directly off the central hallway, two with fireplaces.
At the end of the central hallway is the open plan lounge and dining overlooked by the kitchen, and opening to the the secure, courtyard garden.
There is a family bathroom and separate laundry off the kitchen, as well as a study/ home office at the rear of the home.
There are two semi-detached, solid brick, two-bedroom townhouse dwellings at the rear of the land with separate driveway access directly off Edward Street.
You enter both townhouses from covered carports and verandahs into an entry foyer, opening to a generous lounge/ meals area, with substantial windows providing a light and bright feel.
Large separate kitchens provide generous cupboard and bench space, with separate laundries coming directly off the kitchens and access to Courtyard gardens to the rear.
There are separate bedroom wings providing a peaceful separation from the main living area, with two well-proportioned bedrooms, one with built-in robes.
Sizable bathrooms are located between the bedrooms, with separate baths and powder rooms.
The three residences are currently occupied on periodic leases, with lease details available upon request or at open inspections.
Perfectly located, just a short walk to the heart of The Parade and associated hospitality, retail, and services for the ultimate in inner-metropolitan lifestyle.
Public transport is on the doorstop, and you are just a short walk to the heart of The Parade, being home to a plethora of cafes, bars, and fine dining venues, as well as retail, cinemas, gyms and Norwood Oval for the ultimate in inner-eastern metropolitan lifestyle.
The area is zoned for Norwood Morialta High and Marryatville Primary School.
Excellent long-term investment opportunity with immediate returns and/or opportunity for redevelopment subject to usual Council consents and approvals, with great holding income in the meantime.
Quality investment opportunities such as this are rare, and holdings of this nature are very tightly held.
AGENTS: Charles Booth 0408 898 287 and Jack Booth 0418 818 925
RLA: 294724 & 316780
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 4,555 properties.
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