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Sold on 20 Jul 2024 - Price Unavailable

1 Avenue Road
Prospect SA 5082

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 222m2
Land area: 657m2
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Property Details for 1 Avenue Rd, Prospect

1 Avenue Rd, Prospect is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 657m2 and floor size of 222m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Prospect in the last 12 months.

Building Type
House
Year Built
1975
Floor Size
222m2
Land Size
657m2
Local Government
Prospect
Lot/Plan
A91/F109256

Last Listing description (July 2024)

A stellar city-fringe investment as is, a prime parcel to develop, or a blue-chip base to build your dream family home (STCC) whichever way you look at it, 8 Avenue Road delivers an opportunity packed with potential.

Offering a unique dwelling division that sees two separate, self-contained homes neatly presented and featuring 2 spacious and private living areas, 2 bright and airy bedrooms, large main bathrooms, as well as refurbished laundries to include handy second bathrooms - this unsuspecting property manages to capture incredible adaptability across a 4-bedroom, 4-living, 4-bath footprint.

With immediate and excellent rental yields on the cards, supported by neat and tidy contemporary interiors that you can comfortably leave as is, there's much more to consider here than your average house on the market. Especially if you're looking to one day redesign and rebuild from the ground up, seizing this rent-ready property gives you all the time in the world to explore exciting architectural plans and possibilities.

Surrounded by tree-lined, character streets that has you a stone's throw to the hugely popular and vibrant caf, shopping and social strip of Prospect Road, moments to O'Connell Street North Adelaide, and a bee-line to the CBD by way of car, bus, bike or walk for the fitness enthusiast - laying claim to this prized address with a property that offers endless scope to transform just may be the winter-warmer you've been looking for

FEATURES WE LOVE
Highly adaptable rental or multi-generational living potential
Each self-contained dwelling includes: spacious open-plan contemporary kitchen, dining and living zone, large main bedroom and ample-sized second, cosy second living, bright and airy main bathroom, as well as a second bathroom/laundry combination
Fantastic rental yield without needing to lift a finger
Excellent redevelopment site on a sweeping Prospect parcel or ideal address to redesign or rebuild your dream home from the ground up (subject to council conditions)

LOCATION
Exclusive city-fringe positioning only 1.5km to North Adelaide and 3.5km to North Terrace for impeccable CBD access
Only 3-minutes to Prospect Road's thriving strip of boutique shops, popular cafs, restaurants and bars, as well as delicious specialty stores and weekend entertainment options ?'?'?'?' A quick 5-minutes to the bustling Sefton Plaza & Target, and Northpark Shopping Centre for easy reach to all your everyday essentials
Moments to North Adelaide Primary and zoned for the sought-after Adelaide Botanic High School

Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.

Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Norwood RLA 278530

Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Property Details:
Council | Prospect
Zone | EN - Established Neighbourhood\\
Land | 464sqm(Approx.)
House | 214.7sqm(Approx.)
Council Rates | $1,498 pa
Water | $374.16 pq
ESL | $377.80 pa

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Property History for 1 Avenue Rd, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
20 Jul 2024
  • 20 Jul 2024
    Sold
  • 28 Jun 2024
    Listed for Sale Auction On-Site Saturday 20th July 1:00PM
  • 10 Nov 2022
    Listed for Sale Contact Agent

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About Prospect 5082

The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.

Prospect has 6,906 properties. Over the last 5 years, Houses in Prospect have seen a 99.27% increase in median value, while Units have seen a 64.37% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $1,345,666 while the median value for Units is $560,249.
  • Houses have a median rent of $620 while Units have a median rent of $520.
There are currently 37 properties listed for sale, and 21 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Prospect.

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