16 Nelson StreetStepney SA 5069
Property Details for 16 Nelson St, Stepney
Last Listing description (July 2022)
16 Nelson Street is undoubtedly one of the most prominent inner eastern development or repositioning opportunities to be offered to the South Australian market in recent times.
Only 3km from the Adelaide CBD, the property is strategically located in Adelaide's tightly held inner eastern suburb of Stepney with fantastic connectivity and accessibility to The Parade, Norwood and surrounding eastern suburbs. Located on the western side of Nelson Street the property enjoys high exposure and benefits from rear lane access via Louis Street.
The key features of this offering include:
Situated on a large, regular shaped land holding of 1,604 square metres*
985 square metres* of building area offering versatility of layout and use
On-site car parking
Dual street frontage
Valuable holding income
Huge future development upside (stnc)
16 Nelson Street is offered for sale by Expression of Interest closing 3pm (ACST) Thursday 9 June 2022 through the exclusive selling agents, Colliers Adelaide.
Property History for 16 Nelson St, Stepney, SA 5069
- 16 Sep 2022Sold for $4,884,000
- 09 May 2022Listed for Sale Please contact agent
- 20 Jun 2013Sold for $1,760,000
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About Stepney 5069
The size of Stepney is approximately 0.5 square kilometres. It has 2 parks covering nearly 4.1% of total area. The population of Stepney in 2011 was 855 people. By 2016 the population was 859 showing a population growth of 0.5% in the area during that time. The predominant age group in Stepney is 20-29 years. Households in Stepney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stepney work in a professional occupation. In 2011, 64.3% of the homes in Stepney were owner-occupied compared with 59.5% in 2016.
Stepney has 785 properties. Over the last 5 years, Houses in Stepney have seen a 74.86% increase in median value, while Units have seen a 100.12% increase. As at 30 September 2024:
- The median value for Houses in Stepney is $1,409,271 while the median value for Units is $723,981.
- Houses have a median rent of $680 while Units have a median rent of $535.
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