380 Morphett Rd, Warradale is a bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1200m2. While the property is not currently for sale or for rent, it was last sold in April 2013.
Sensational Land Holding of Approx 4,000sqm
Where can you find a land holding of this proportion in inner metropolitan Adelaide. Never before released and held for over 40 years with the same family, this is an opportunity not likely to be available for some time into the future. You could drive pass this every day and never know its location, such is its private position in this ultra popular pocket of Warradale.
Offering approx 1 acre of land in the old terms and featuring 2 street access, it lends itself to a myriad of options and would suit Retirement Village operators, developers, investors, speculators, house & land packages. Set up a quality gated community for the future. Zoned Residential Northern Policy Area 13 with the City of Marion and currently comprising 6, 2 bedroom units on a portion of this land, returning approximately $70,000 per annum. Use this income to assist with cash flow why you plan the ''big picture''. The following developments under this policy area are envisaged to include affordable housing, detached, group, residential flat, row, semi-detached or supported accommodation. All developments would be subject to normal council consents.
The size of Warradale is approximately 2 square kilometres. It has 4 parks covering nearly 2% of total area. The population of Warradale in 2011 was 4,722 people. By 2016 the population was 5,247 showing a population growth of 11.1% in the area during that time. The predominant age group in Warradale is 20-29 years. Households in Warradale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warradale work in a professional occupation. In 2011, 74.7% of the homes in Warradale were owner-occupied compared with 72.7% in 2016.
Warradale has 2,992 properties. Over the last 5 years, Houses in Warradale have seen a 69.20% increase in median value, while Units have seen a 96.11% increase. As at 31 July 2024:
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