Top 5 Target Properties for Subdivision in Adelaide (May 2023)
- Shayne Holmes
- May 28, 2023
- 1 min read
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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