SOLD
Sold on 19 Jul 2024 for $56,000,000

The Parade
Norwood SA 5067

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 13207m2
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Property Details for Lot 501 The Parade, Norwood

Building Type
Commercial
Year Built
2023
Land Size
13207m2
Local Government
Norwood Payneham & St Peters
Lot/Plan
F501/C43024

Property History for Lot 501 The Parade, Norwood, SA 5067

A timeline of how this property has performed in the market
Last Sold
$56,000,000
19 Jul 2024
  • 19 Jul 2024
    Sold for $56,000,000

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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 4,541 properties. Over the last 5 years, Houses in Norwood have seen a 70.76% increase in median value, while Units have seen a 57.56% increase. As at 31 October 2024:

  • The median value for Houses in Norwood is $1,546,674 while the median value for Units is $690,947.
  • Houses have a median rent of $675 while Units have a median rent of $610.
There are currently 15 properties listed for sale, and 26 properties listed for rent in Norwood on OnTheHouse. According to CoreLogic's data, 174 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.