Anthony Fonovic and Tim Morris Real Estate are proud to present this brilliant opportunity to build your brand-new dream home or mixed commercial development in the highly sought-after suburb of Port Adelaide where "its happening".
This extremely rare Torrens Title allotment with dual street frontages zoned Urban Activity Centre offers a wide range of development opportunities that will allow you to build a purpose-designed dream home up to 3 storeys high (STC) to suit all your needs, taste and budget which could also include a roof-top garden (STC) to allow for sweeping views of the area. Your options are endless - so whether you are looking to work from home on a part-time basis, or run your full-time business from home, this is a rare opportunity not to be missed. Permitted mixed-use (STC) includes shops, offices, entertainment, health, education and recreation.
The size of Port Adelaide is approximately 6 square kilometres. It has 7 parks covering nearly 3.2% of total area. The population of Port Adelaide in 2011 was 1,293 people. By 2016 the population was 1,238 showing a population decline of 4.3% in the area during that time. The predominant age group in Port Adelaide is 40-49 years. Households in Port Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Adelaide work in a professional occupation. In 2011, 40.8% of the homes in Port Adelaide were owner-occupied compared with 43% in 2016.
Port Adelaide has 1,699 properties. Over the last 5 years, Houses in Port Adelaide have seen a 57.06% increase in median value, while Units have seen a 94.86% increase. As at 31 October 2024:
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