43 Avenue RoadParadise SA 5075
Property Details for 43 Avenue Rd, Paradise
43 Avenue Rd, Paradise is a 0 bedroom, 0 bathroom House and was built in 2023. The property has a land size of 13420m2 and floor size of 257m2. While the property is not currently for sale or for rent, it was last transferred in November 2021.
Last Listing description (November 2021)
*Under-Contract
Colliers is pleased to present the opportunity to purchase 43 Avenue Road, Paradise.
This superbly located property occupies an outstanding dual access infill development site with primary frontage to Avenue Road in Adelaide's highly desirable inner north eastern suburbs.
Residential accommodation (i.e. detached and semi-detached dwellings) is the predominant land use that surrounds the property, with Dernancourt Shopping Centre located 1 kilometre to the north, Newton Shopping Centre located less than 700 metres to the south east and with a broad range of community and recreational facilities within easy reach.
Supported by favourable planning policy, the size and location of the property offers potential buyers the opportunity to undertake a comprehensive redevelopment of the site.
The property will appeal to the broader development and owner occupier markets, in particular residential developers, retirement and aged care providers and specialist disability accommodation providers/investors.
A recently secured Development Approval for the development of retirement village may prove attractive to interested parties.
To arrange an inspection or for more information, please contact Colliers International as the exclusive selling agent:
* Approx.
Property History for 43 Avenue Rd, Paradise, SA 5075
- 18 Nov 2021Transferred
- 24 Mar 2021Listed for Sale Please contact agent
- 20 Aug 2018Sold for $5,000,000
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0About Paradise 5075
The size of Paradise is approximately 3.6 square kilometres. It has 21 parks covering nearly 19.8% of total area. The population of Paradise in 2011 was 6,557 people. By 2016 the population was 6,789 showing a population growth of 3.5% in the area during that time. The predominant age group in Paradise is 20-29 years. Households in Paradise are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paradise work in a professional occupation. In 2011, 70.7% of the homes in Paradise were owner-occupied compared with 70.3% in 2016.
Paradise has 3,385 properties. Over the last 5 years, Houses in Paradise have seen a 80.60% increase in median value, while Units have seen a 87.67% increase. As at 31 October 2024:
- The median value for Houses in Paradise is $943,314 while the median value for Units is $597,542.
- Houses have a median rent of $590 while Units have a median rent of $595.
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