3 Drew Street, Two Wells, SA 5501 | House for sale | OnTheHouse
 
FOR SALE
$749,000 - $790,000

3 Drew Street
Two Wells SA 5501

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
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Prime Two Wells Opportunity - Character Residence with Exceptional Commercial Potential (STCC)

Township Main Street Zoning | Flexible Use | Strategic Growth Corridor Location
Rarely does a property offer the perfect combination of character, location, lifestyle, and genuine future commercial potential. Positioned within the highly sought-after Township Main Street (TMS) zoning in the heart of Two Wells, this charming circa 1800's cottage presents an outstanding opportunity for homeowners, investors, business operators, or developers seeking flexibility in one of South Australia's fastest-growing regional townships.
Currently utilised as a comfortable residential home, the property offers immediate liveability while providing exceptional scope for future commercial conversion, mixed-use operation, business premises, or redevelopment opportunities (STCC). With extremely limited TMS-zoned properties available in Two Wells - and currently the only property of its kind on the market - this is a rare chance to secure a strategic township asset with long-term upside.
Set just one site back from the main street on a busy and highly visible position, the property offers strong exposure and accessibility within Adelaide's expanding northern growth corridor.
The character-filled cottage features three bedrooms and one bathroom, centred around a light-filled open-plan living, dining, and kitchen area. Timber French doors open to an undercover outdoor entertaining area, creating excellent indoor-outdoor flow ideal for both residential enjoyment and adaptable commercial use.
Character features including original front sash windows blend beautifully with modern updates, while roller shutters throughout provide additional privacy, security, and year-round comfort. The updated kitchen combines functionality with timeless cottage charm.
Outside, the picturesque cottage gardens are complemented by an automated watering system for easy maintenance, while the undercover entertaining area provides flexibility for client meetings, consulting space, hospitality-style use, or relaxed outdoor entertaining. A separate double garage offers secure parking, storage, or additional workspace potential.
The flexibility of the Township Main Street zoning may suit a broad range of future uses (STCC), including:
• Professional or consulting offices
• Medical or allied health rooms
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Property Details for 3 Drew St, Two Wells

3 Drew St, Two Wells is a 3 bedroom, 1 bathroom House with 2 parking spaces. The place is currently for sale with URBAN & RURAL PARTNERS.

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About Two Wells 5501

The size of Two Wells is approximately 43.7 square kilometres. It has 8 parks covering nearly 0.7% of total area. The population of Two Wells in 2016 was 2552 people. By 2021 the population was 3233 showing a population growth of 26.7% in the area during that time. The predominant age group in Two Wells is 30-39 years. Households in Two Wells are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Two Wells work in a trades occupation.In 2021, 85.00% of the homes in Two Wells were owner-occupied compared with 82.10% in 2016.

Two Wells has 2,442 properties. Over the last 5 years, Houses in Two Wells have seen a 114.25% increase in median value, while Units have seen a -11.09% decrease. As at 30 April 2026:

  • The median value for Houses in Two Wells is $968,950 while the median value for Units is $661,400.
  • Houses have a median rent of $700.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Two wells on OnTheHouse. According to Cotality's data, 180 properties were sold in the past 12 months in Two wells.

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Nicole Arnoldus
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