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Top 5 Target Properties for Subdivision in Adelaide (May 2023)

Each month we're releasing the top 5 Adelaide properties that we have assessed as ideal for subdivision. In this May edition, we cover 5 properties in Adelaide that offer an affordable entry price for first-time developers and significant upside.

 

Property 1: 1 Koala Place, Woodcroft



Key strengths:

  • Planning approval for 5 new dwellings already secured

  • Supply-constrained suburb offering significant capital growth potential

  • Located less than 30 minutes from Adelaide's CBD

 

Property 2: 17-19 Fleming Avenue, Ridgehaven



Key strengths:

  • Development approval for up to 14 dwellings

  • Close to public transport and shopping centres

 

Property 3: 14-18 Evan Avenue, Salisbury



Key strengths:

  • Wide frontage (70 metres)

  • Close to three well-known schools (Kings Baptist Grammar School, St Augustine's Parish School, Salisbury Primary and High, Tyndale Christian school).

 

Property 4: 13 Swan Street, Greenacres



Key strengths:

  • Potential to subdivide into up to 3 dwellings

  • Located in close proximity (under 15 minutes) to Adelaide's CBD

 

Property 5: 38 Second Avenue, Moana




Key strengths:

  • Significant block size (1670sqm)

  • Close proximity to the beach

  • Potential to fit multiple dwellings subject to council approval

 

If you have any questions and want to get in touch with an Investment Coach, please click the link below.


Photo source: www.realestate.com.au

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