49 Devonport Terrace

Prospect SA 5082

0 m²

807 m²

House

Currently for sale - view listing

Overview

Character, Space and Development Potential in the Heart of Prospect

BEST OFFERS BY TUESDAY 27TH OCTOBER AT 11:00am (USP). A rare combination of period character, substantial landholding and strategic zoning, 49 Devonport Terrace presents an exceptional opportunity in one of Adelaide's most sought-after inner-northern suburbs. Built in 1930 and solidly constructed in double brick, this substantial home retains the timeless appeal of its era while offering the space and functionality demanded by modern family living. High ceilings, solid timber floorboards and original character fireplaces provide an immediate sense of warmth and authenticity, complemented by four well-sized bedrooms, including a privately positioned master suite with ensuite and walk-in wardrobe. A second bathroom, third separate toilet and designated laundry add genuine practicality, while reverse-cycle split-system air-conditioning and instantaneous gas hot water provide year-round comfort and convenience. Beyond the home lies the real point of difference: an impressive 807sqm of level land with a generous 15.24m frontage, extending directly to the rear boundary of George Whittle Reserve. The combination of land size, level topography and direct reserve adjacency creates a rare sense of space, while offering exceptional flexibility for the future. For developers and investors, the property's Urban Corridor (Boulevard) zoning adds significant strategic appeal. The zoning creates the potential for future medium-to-higher-density residential outcomes, subject to planning consent and council requirements (STCC). For investors seeking an immediate holding, the existing home has been assessed for rental at approximately $700–$750 per week, providing a strong income stream while considering the property's longer-term potential. And then there is the location. Positioned within easy reach of Prospect's vibrant café and shopping precinct, quality schools, parks, public transport and everyday amenities, the property combines the convenience of inner-city living with the space and established character rarely found on such a strategically positioned parcel.