1 Risely Ave, Royal Park is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 577m2.
Unlock the potential of this remarkable corner block at 1 Risely Avenue, which has not been sold for over 40 years. Spanning approximately 571m with an impressive 18.1m approx. frontage, this property is perfectly positioned for redevelopment (STCC) in one of the most desirable suburbs of Adelaide. Whether you're looking to build your dream home or explore investment possibilities, this site offers a unique opportunity to tap into a thriving community with substantial growth prospects.
The existing residence is well-appointed and features a practical layout that enhances its appeal. The kitchen is designed for convenience, featuring ample storage, a tiled splashback, a 4-burner gas cooktop, and a double stainless steel sink. The home comprises two comfortable bedrooms, both equipped with ceiling fans, while the main bedroom includes built-in robes and air conditioning for added comfort. An optional third room can serve as a private dining space, study, or whatever suits your needs. The cosy lounge area, complete with a ceiling fan and air conditioning, provides a welcoming retreat year-round.
Key Features:
Royal Park is a vibrant suburb that embodies the essence of community living. With its blend of residential charm and accessibility, it offers a range of amenities including parks, schools, and shopping centres, all within close proximity. The suburb's convenient transport links provide easy access to the city and surrounding areas, making it an ideal location for families and professionals alike. Don't miss out on this exceptional opportunity to secure a prime piece of real estate in Royal Park-your future awaits!
To place an offer on this property, please complete this Letter of Offer form https://forms.gle/2P3oovTaZZ7VdYjS6
Disclaimer: Neither the Agent nor the Vendor accepts any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and is advised to enquire directly with the agent to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
***Regarding price. This property is to be sold to finalise a deceased estate. The property is being offered to the market by way of Auction, unless sold prior. At this stage, the executors are not releasing a price guide to the market. The agent is not able to guide or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email or at the open inspection***
The size of Royal Park is approximately 1.6 square kilometres. It has 6 parks covering nearly 5.7% of total area. The population of Royal Park in 2011 was 2,863 people. By 2016 the population was 2,993 showing a population growth of 4.5% in the area during that time. The predominant age group in Royal Park is 30-39 years. Households in Royal Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Royal Park work in a trades occupation. In 2011, 66.7% of the homes in Royal Park were owner-occupied compared with 66.3% in 2016.
Royal Park has 1,880 properties. Over the last 5 years, Houses in Royal Park have seen a 90.25% increase in median value, while Units have seen a 97.78% increase. As at 31 October 2024:
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