SOLD
Sold on 13 Oct 2023 for $553,000

34 Greenway Drive
Surrey Downs SA 5126

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 124m2
Land area: 705m2
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Property Details for 34 Greenway Dr, Surrey Downs

34 Greenway Dr, Surrey Downs is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1973. The property has a land size of 705m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 4 bedroom House sold in Surrey Downs in the last 12 months.

Building Type
House
Year Built
1973
Floor Size
124m2
Land Size
705m2
Local Government
Tea Tree Gully
Lot/Plan
A106/D7785

Last Listing description (May 2024)

Set your family up for life by securing this rare 697sqm corner block overlooking a massive reserve. Packed with development potential for your future nest egg. The best part is that you can take your time as the four-bedroom home is rented at $500pw to great tenants who are keen to stay. Plan your dream development while enjoying a steady passive income.

Your options to add value are limitless…Renovate the existing home, subdivide the backyard, or redevelop the whole site into three new homes (STCC).

Alternatively, fast track your development by using the approvals already achieved for a subdivision and build of two spacious single level homes, each with highly sought after double garages (plans available on request).

Location, location, location! Whatever your plans or dreams for the future this is the perfect position overlooking the breathtaking Greenway Reserve.

This lush reserve is one of many that link together to form the 9km Dry Creek Corridor - providing the ultimate lifestyle. Imagine waking up to the sound of kookaburras, spotting koalas, playing in the creek with the kids, relaxing strolls and bike rides. Expect this to get even better as Council rolls out stage 2 of their Dry Creek Corridor Upgrade Project with ideas for the Greenway Reserve including a new playground, water fountain, BBQ and a rotunda.

The beautiful Illyarrie Reserve Playground is less than a 500m walk, which includes ANOTHER reserve, table tennis table, BBQs, toilets, ample shade and even a flying fox.

This prime position is a magnet for families! Surrey Downs Primary School is just 200m away. And SO MANY more great schools (Pedare, Gleeson, Our Lady of Hope to name a few), childcare centres and family day cares all within 10 minutes. The local gym with creche, cafés & shops is just moments away.

Exceptional features include:

- Corner block
- Generous land size
- Rented at $500pw to excellent tenants
- In-demand family location (with park views!)
- Straightforward and cheaper builds (no protected trees, relatively flat)
- Multiple development options - including approved plans already available
- 4+ bedroom home to live in or rent out until you are ready to make your mark

A perfectly positioned corner site with so much potential is extremely rare. Don’t miss out. Call today before another smart buyer snaps it up!

We (Xsell Property & our suppliers) have made every effort to ensure that the information provided for this property is accurate, however we provide no warranties or guarantees. We accept no liability for any errors or omissions (including but not limited to land size, floor plans, or general condition) and recommend that if you are interested you make relevant checks and seek qualified and independent advice where necessary.

RLA: 267 - 857

Property History for 34 Greenway Dr, Surrey Downs, SA 5126

A timeline of how this property has performed in the market
Last Sold
$553,000
13 Oct 2023
Listed for Rent
$500/w
05 Oct 2022
  • 13 Oct 2023
    Sold for $553,000
  • 03 Apr 2023
    Listed for Sale $549,000 - $599,000
  • 21 Sep 2022
    Listed for Rent - Price not available
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About Surrey Downs 5126

The size of Surrey Downs is approximately 1.6 square kilometres. It has 10 parks covering nearly 17.6% of total area. The population of Surrey Downs in 2011 was 3,269 people. By 2016 the population was 3,307 showing a population growth of 1.2% in the area during that time. The predominant age group in Surrey Downs is 30-39 years. Households in Surrey Downs are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Surrey Downs work in a clerical occupation. In 2011, 80% of the homes in Surrey Downs were owner-occupied compared with 78.7% in 2016.

Surrey Downs has 1,458 properties. Over the last 5 years, Houses in Surrey Downs have seen a 89.48% increase in median value, while Units have seen a 106.35% increase. As at 30 September 2024:

  • The median value for Houses in Surrey Downs is $714,299 while the median value for Units is $534,984.
  • Houses have a median rent of $550 while Units have a median rent of $275.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Surrey downs on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Surrey downs.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.