SOLD
Sold on 13 Jun 2024 for $1,200,000

194 North East Road
Vale Park SA 5081

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1024m2
Sold By
All Adelaide City Edge
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Property Details for 194 North East Rd, Vale Park

Building Type
Land
Year Built
1960
Land Size
1024m2
Local Government
Walkerville
Lot/Plan
A56/F127790

Last Listing description (June 2024)

This Torrens Titled allotment presents a unique opportunity in the highly sought-after Vale Park suburb. The property boasts a generous 1060sqm levelled block with a 20m frontage and 50m depth, offering an ideal canvas for development. With vacant blocks becoming increasingly scarce in this area, securing this parcel of land holds immense potential.

This prime location provides easy access to a plethora of shopping complexes, including Walkerville, Marden, North Adelaide, Burnside, and Norwood Parade. These vibrant hubs feature a wide range of amenities, such as cafes, restaurants, cinemas, and boutique stores, offering a diverse and convenient lifestyle.

Situated a mere 6km from the Adelaide CBD and the bustling Adelaide Oval entertainment precinct, the property is also in close proximity to both prestigious private and public schools. The Klemzig interchange, offering seamless access to various transportation options, is conveniently nearby. Furthermore, residents can enjoy a variety of sporting and exercise facilities, including the MARS Sports Complex. For those who appreciate outdoor activities, the property's location allows easy access to the River Torrens Linear Park Trail, providing a scenic escape.

Don't miss out on this exceptional opportunity to craft your dream home or explore the potential for up to 4 investment properties on this remarkable block. With its enviable location, substantial dimensions, and proximity to amenities, this property stands as a rare gem in a highly sought-after neighbourhood.

Property History for 194 North East Rd, Vale Park, SA 5081

A timeline of how this property has performed in the market
Last Sold
$1,200,000
13 Jun 2024
Listed for Rent
$290/w
21 Apr 2016
  • 13 Jun 2024
    Sold for $1,200,000
  • 30 Oct 2020
    Sold for $690,000
  • 30 Apr 2019
    Listed for Sale Not Disclosed
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About Vale Park 5081

The size of Vale Park is approximately 1 square kilometres. It has 6 parks covering nearly 9.9% of total area. The population of Vale Park in 2011 was 2,158 people. By 2016 the population was 2,229 showing a population growth of 3.3% in the area during that time. The predominant age group in Vale Park is 40-49 years. Households in Vale Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vale Park work in a professional occupation. In 2011, 76.1% of the homes in Vale Park were owner-occupied compared with 75.8% in 2016.

Vale Park has 1,232 properties. Over the last 5 years, Houses in Vale Park have seen a 94.46% increase in median value, while Units have seen a 62.74% increase. As at 31 October 2024:

  • The median value for Houses in Vale Park is $1,490,890 while the median value for Units is $693,342.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 6 properties listed for sale, and 1 property listed for rent in Vale park on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Vale park.

Suburb Insights for Vale Park 5081

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Disclaimer
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.