Discover the 'Truly Rare' 1.2-Hectare Gem That an Adelaide Family Held for 60 Years – And Why They're Selling Now!
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In the heart of Adelaide's northern corridor, a gem of a property has emerged on the market, a 'truly rare' 1.2-hectare parcel of land that has been lovingly held by the same family for an impressive 60 years. This significant piece of real estate at 95-101 Winzor Street, Salisbury, is not just a testament to the family's legacy but also a beacon of development potential in an area that has seen substantial growth over the years.
The property, which is set to go under the hammer on a Tuesday morning, has sparked considerable interest with a price guide of $3 million to $3.3 million. The land, which is ready for 'almost immediate development,' is a unique find in today's market, where such expansive parcels are increasingly scarce.
Tom Hector, an agent with Harris Real Estate, shared with 7News the emotional journey the family has undergone in deciding to sell. After the passing of their parents, the family has finally chosen to part with the land, despite having received numerous offers over the past three decades. 'It’s a very sad and emotional sale,' Mr Hector remarked, highlighting the deep connection the family has with the property.
The site currently houses a 'cozy' three-bedroom home built in 1955 and a small shed, standing as a humble reminder of simpler times amidst the encroaching development that now characterizes the area. The land's potential, however, is what's drawing the eyes of investors and developers.
'There’s very few parcels of land left of more than 1000 square metres in the northern corridor of Adelaide,' Mr Hector pointed out, emphasizing the rarity of such an offering. With services already supplied and proximity to shopping centres, schools, and public transport, the property is not just land; it's an opportunity.
Salisbury, a suburb located a mere 22 kilometres from the CBD, has seen its median house price soar to $610,000, marking a 22 per cent increase over the past year. Units have also seen a rise in value, with a 7.2 per cent year-on-year increase to a median price of $370,000. These figures reflect the suburb's growing appeal and the potential for investment returns.
The Winzor Street property, nestled just behind the Little Para Golf Course, is conveniently situated near Hollywood Plaza and Parabanks Shopping Centre, as well as local schools and public transport options, including trains that provide quick access to the Adelaide CBD.
Described in the listing as an 'unmatched residential building opportunity,' the land is positioned in a thriving pocket of the north that's attracting young families and modern developments. The area boasts lush reserves, popular parks, cosmopolitan conveniences, and a host of everyday amenities, making it an ideal location for family-friendly living.
With a population of nearly 9,000 as of the 2021 Census and a median weekly household income of $1,029, Salisbury is a community on the rise, offering a lifestyle that balances suburban tranquility with urban accessibility.
For those with an eye for development or a desire to be part of a burgeoning community, the sale of this 'truly rare' land holding represents a once-in-a-lifetime opportunity. It's a chance to create something new on a foundation steeped in history, to weave into the fabric of a family's legacy while contributing to the growth and prosperity of Salisbury.
As we at the Seniors Discount Club reflect on such a significant sale, we're reminded of the importance of legacy and the value of land not just as a commodity, but as a canvas for future generations. We invite our readers to share their thoughts on this remarkable property and the opportunities it presents. Have you ever held onto a family property for generations, or faced the decision to sell a cherished piece of land? Join the conversation and tell us your story in the comments below.
The property, which is set to go under the hammer on a Tuesday morning, has sparked considerable interest with a price guide of $3 million to $3.3 million. The land, which is ready for 'almost immediate development,' is a unique find in today's market, where such expansive parcels are increasingly scarce.
Tom Hector, an agent with Harris Real Estate, shared with 7News the emotional journey the family has undergone in deciding to sell. After the passing of their parents, the family has finally chosen to part with the land, despite having received numerous offers over the past three decades. 'It’s a very sad and emotional sale,' Mr Hector remarked, highlighting the deep connection the family has with the property.
The site currently houses a 'cozy' three-bedroom home built in 1955 and a small shed, standing as a humble reminder of simpler times amidst the encroaching development that now characterizes the area. The land's potential, however, is what's drawing the eyes of investors and developers.
'There’s very few parcels of land left of more than 1000 square metres in the northern corridor of Adelaide,' Mr Hector pointed out, emphasizing the rarity of such an offering. With services already supplied and proximity to shopping centres, schools, and public transport, the property is not just land; it's an opportunity.
Salisbury, a suburb located a mere 22 kilometres from the CBD, has seen its median house price soar to $610,000, marking a 22 per cent increase over the past year. Units have also seen a rise in value, with a 7.2 per cent year-on-year increase to a median price of $370,000. These figures reflect the suburb's growing appeal and the potential for investment returns.
The Winzor Street property, nestled just behind the Little Para Golf Course, is conveniently situated near Hollywood Plaza and Parabanks Shopping Centre, as well as local schools and public transport options, including trains that provide quick access to the Adelaide CBD.
Described in the listing as an 'unmatched residential building opportunity,' the land is positioned in a thriving pocket of the north that's attracting young families and modern developments. The area boasts lush reserves, popular parks, cosmopolitan conveniences, and a host of everyday amenities, making it an ideal location for family-friendly living.
With a population of nearly 9,000 as of the 2021 Census and a median weekly household income of $1,029, Salisbury is a community on the rise, offering a lifestyle that balances suburban tranquility with urban accessibility.
For those with an eye for development or a desire to be part of a burgeoning community, the sale of this 'truly rare' land holding represents a once-in-a-lifetime opportunity. It's a chance to create something new on a foundation steeped in history, to weave into the fabric of a family's legacy while contributing to the growth and prosperity of Salisbury.
Key Takeaways
- An Adelaide family is selling a 1.2-hectare land parcel in Salisbury after owning it for 60 years.
- The property is highly sought after for its development potential and has a price guide of $3 million to $3.3 million.
- The land is being described as a 'truly rare land holding ready for almost immediate development' by the listing.
- The Salisbury area, where the land is located, has seen a significant increase in median house and unit prices over the past year.