2 Banks Street, Salisbury, SA 5108

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For sale

Best Offer By 18th October 2021

Prime Subdivision / Redevelopment Opportunity

Price Indication $300,000

If you are a home renovator, then this property is likely to be your biggest challenge yet. It is a 2 bedroom Fibro in very poor condition and will need a complete makeover – probably not worthwhile in my opinion. If you are a builder / developer then it’s a different story – a tremendous opportunity to demolish and subdivide / redevelop this valuable and good sized level allotment into 2 titles and residences – subject to consents. Some of the benefits and features of this allotment are:

• Rectangular (good sized – 678 m2) level allotment.

• Dimensions are 36.5 Metres Deep with an 18.6 Metre Frontage

• No registered Easements or Encumbrances

• May Respond to Renovation but More Likely Redevelopment

• Close to Salisbury Centre and All Facilities

• Close to Regular Bus Lines and the Train into the City

• Close to Shops and Schools

With premium and well located land currently in short supply and an unprecedented demand for the same by new home builders/buyers, developers and speculative builders, this offering is a terrific and timely opportunity to acquire a good level allotment for 2 new dwellings subject to consents.

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Property Info:
  • Property ID: L14968379
  • Property Type: House
  • Garages: 1
  • Carports: 1
  • Land Area: 678.0 sqm
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R&H Suburb Profile: Salisbury

R&H Suburb Summary Houses
Number of sales 92
Average Price $366,626
Median Price $352,500
Median Rental Price $330 p.w.
Change in Rental Rate (5yr) 12 %
R&H Suburb Summary Units
Number of sales 87
Average Price $238,416
Median Price $250,000
Median Rental Price $255 p.w.
Change in Rental Rate (5yr) 11 %
Salisbury, SA - Median Trend