3/86 George Street

Norwood SA 5067

0 m²

Unit

Last sold for $778,000

Alexander Parzis, last sold this property on 03 May 2025 after 23 days on market.

Overview

Urban gem in the heart of Norwood

Auction Location: On Site. Sunday 4th of May at 12:00pm. Discover an exceptional investment opportunity in George Street, Norwood. Cleverly positioned in the heart of one of Adelaide's most lively suburbs. This meticulously maintained two-bedroom townhouse effortlessly marries classic 70s architectural charm with contemporary convenience, presenting a premier option for astute investors seeking high rental yields and promising capital growth or a great option for the savvy owner / occupier who wants their own peaceful inner city retreat. Norwood's vibrant atmosphere offers an unmatched urban lifestyle, with eclectic cafes, renowned restaurants, stylish pubs, and boutique shopping just steps away. Its prime location, minutes from Adelaide CBD, makes it a magnet for professionals and young families, both delighted by its well-regarded school zoning and seamless public transport links. This townhouse's appeal begins with two spacious bedrooms with the main bedroom capture cityscape glimpses. Both bedrooms feature built-in wardrobes, serviced by a modern bathroom that promises style and practicality with both a bath and separate shower. The open-plan ground floor is ideal for modern living, boasting a spacious dining and lounge area that flows into a "light and bright" kitchen complete wth gas cooking and plenty of storage options. The property's air conditioning unit ensure year-round comfort, complementing the low-maintenance appeal of the private rear garden. This outdoor space is perfect for those who appreciate alfresco living but desire minimal property upkeep, adding significant appeal. Investors will take note of the strategic advantage of a 'move-in ready' dwelling, complete with a single carport, reducing tenant turnover and void periods. The layout efficiently maximizes space and functionality, appealing to a broad tenant base. Norwood's unique blend of suburban serenity and urban excitement, coupled with the property's investment-friendly attributes, make this rare find upon George Street a quintessential addition to a discerning investor's portfolio. Its location, alongside the increasing desirability of Norwood, ensures robust and sustained capital growth potential, setting it apart as a truly worthwhile investment. Secure this opportunity to capitalise on Norwood's thriving market, and watch your investment flourish.

Features

2 bedrooms

1 bathroom

1 carspace

1 carport space

0 m² floor area

Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Norwood over the last 12 months, the estimated median property value of 3/86 George Street is $781.5k.

Median value

$781.5k

Estimated value range

$530k - $1.25m

Median days on market

Estimated value trend

45%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Norwood. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.