Big Block, Big Potential
Positioned on a generous 1,115sqm* allotment in the heart of sought-after Glynde, this circa-1970s, home on Barnett Street offers a rare combination of location, land size, and future potential. With a wide 22.86m* frontage and Housing Diversity Neighbourhood zoning, the site suits renovators, developers, and investors alike (subject to Council consent).
The standout feature here is the land itself. A 1,115sqm* parcel with a commanding 22.86m* frontage, the zoning of Housing Diversity Neighbourhood lends itself to a potential subdivision with higher density designs (STCC). Initial third-party feedback suggests a yield range of between 4-6 townhomes, depending on design and council feedback. The current owners are happy to consider a wide range of terms (including subject to specific planning outcomes/approvals) if the price is at expectations. The current owners are also interested in renting back for 3-6 months whilst development approvals are sought, to allow them time to relocate/downsize.
Sites like this are becoming increasingly hard to find in this tightly held, established pocket of Adelaide's inner east. For developers and investors, this is a genuine chance to secure a substantial landholding in a location where demand for well-positioned infill housing continues to outpace supply.
For those looking to renovate instead or redevelop, what is on offer is a solid brick residence built c1970 with 3 bedrooms, 2 bathrooms that is structurally sound and whilst well maintained is ready for a refresh, offering a great opportunity for a family to put their own stamp on it. Features large ensuite which spa bath and bidet, various split system reverse cycle air-conditioners, gas heater, 2 large sheds, 1 tool shed, 2 small storage sheds, brick wood pizza oven, large water tank, bore water
and undercover verandah
For investors, the property is rent ready, however rental upside would be easily achieved via minor cosmetic renovation. Sit back and collect rent in the short term, while considering the best options for the site in the medium/longer-term.
The property is exceptionally well placed for everyday and lifestyle shopping being in close proximity to Glynde Plaza Shopping Centre. A little further afield, Firle Plaza on Glynburn Road offers a larger shopping experience and for a broader shopping and dining experience The Parade in Norwood is just minutes away.
Property Snapshot:
• Generous 1,115sqm* allotment
• Wide 22.86m* street frontage
• Zoned Housing Diversity Neighbourhood
• Rare landholding of this size, frontage, and zoning in a tightly held suburb
• Easy access to the Adelaide CBD
• Close to The Parade, Norwood, and Payneham Road shopping/dining
• Quality schooling options nearby (Marden Senior College, Pembroke School)
• Local parks and reserves close by
• Well-served by public transport
Property Details:
Council | Norwood, Payneham & St Peters
Zone | Housing Diversity Neighbourhood
Land | 1,115 sqm (Approx.)
Frontage | 22.86m (Approx.)
House | 171 sqm (Approx.)
Built | 1974
Council Rates | $TBA pa
Water | $1,243 pa
ESL | $106 pa
VG Value $1,500,000
For more information, contact Mark Robins on 0421 566 614 or Andrew Skilbeck on 0431 943 131.
Disclaimer: Please note that all the information that has been provided for this property has been obtained from sources we believe to be accurate. We cannot guarantee the information is accurate however and we accept no liability for any errors or omissions – including, but not limited to the property's land size, frontage, floor plans & dimensions, build size, building age, condition or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advice.
INSPECTION BY APPOINTMENT ONLY
RLA 345109
