8 Wells StreetStepney SA 5069
Property Details for 8 Wells St, Stepney
8 Wells St, Stepney is a 0 bedroom, 0 bathroom House. The property has a land size of 639m2.
Last Listing description (September 2024)
Part of a vibrant new precinct, in an area filled with historical character homes, only minutes from The Parade, the city and with all necessary amenities close at hand.
The site consisting of two adjacent Torrens Titled level allotments totalling 639sqm, with rear lane, provides an amazing opportunity to build 2 new dwellings, and already has planning consent.
Or maximise your investment by designing to the unique Urban Corridor Zoning, allowing for potentially 4-5 dwellings (STCC) of up three levels with possible CBD views to the west, or the perfect office location you?ve longed and searched for.
The property benefits from great school zoning ? renowned primary school East Adelaide Primary, the new Adelaide Botanic High as well as Adelaide High ? in addition to a plethora of wonderful private schools only a stone?s throw away.
The quiet tree-lined backstreet makes it a fantastic location for any kind of development. The proximity to shopping, cafes, pubs, and public transport is unmatched, and The Parade Norwood is only a short stroll. Richards Park (150m away) provides an oasis to relax and unwind, a sanctuary within this thriving location ? this property has it all.
A very rare opportunity not to be missed.
Please call Peter Price 0417820934 or Rui Wang 0451506232?
Property History for 8 Wells St, Stepney, SA 5069
- 15 Apr 2024Listed for Sale Not Disclosed
- 27 Oct 2023Listed for Sale Expressions of Interest
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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 788 properties. Over the last 5 years, Houses in Stepney have seen a 69.09% increase in median value, while Units have seen a 130.60% increase. As at 30 November 2024:
- The median value for Houses in Stepney is $1,386,128 while the median value for Units is $807,693.
- Houses have a median rent of $795 while Units have a median rent of $535.
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