223 South RoadRidleyton SA 5008
Property Details for 223 South Rd, Ridleyton
Last Listing description (January 2020)
The site is located 5kms from the Adelaide CBD in the fast-evolving inner-western suburbs. Located on South Road and only a few hundred metres from the Torrens Road intersection, it enjoys a high profile with an extensive frontage.
Office warehouse improvements of some 8,976sqm have been erected on the site and provide relatively functional accommodation.
While owner-occupiers can move in and commence operations immediately, the site also presents as a prime development opportunity for mixed-use accommodation including retail and residential land uses in the future, while taking advantage of potential short-term holding income while in the planning phase.
Property History for 223 South Rd, Ridleyton, SA 5008
- 19 Dec 2019Sold for $5,280,000
- 22 Jul 2019Listed for Sale Contact Agent
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0About Ridleyton 5008
The size of Ridleyton is approximately 0.4 square kilometres. It has 3 parks covering nearly 5.2% of total area. The population of Ridleyton in 2011 was 1,070 people. By 2016 the population was 1,143 showing a population growth of 6.8% in the area during that time. The predominant age group in Ridleyton is 20-29 years. Households in Ridleyton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ridleyton work in a professional occupation. In 2011, 46.6% of the homes in Ridleyton were owner-occupied compared with 46.2% in 2016.
Ridleyton has 613 properties. Over the last 5 years, Houses in Ridleyton have seen a 79.37% increase in median value, while Units have seen a 73.61% increase. As at 31 October 2024:
- The median value for Houses in Ridleyton is $961,490 while the median value for Units is $633,032.
- Houses have a median rent of $655 while Units have a median rent of $550.
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