51 Millicent St, Athol Park is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 655m2 and floor size of 201m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 4 bedroom House sold in Athol Park in the last 12 months.
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Positioned on a prominent corner allotment of approximately 655sqm, this solid brick residence presents an outstanding opportunity for developers, investors and land bankers looking to secure a site with genuine future upside.
Whether you're looking to develop now, retain the existing home and generate rental income, or secure a strategic parcel of land for the future, this versatile property offers multiple pathways to create value. The corner configuration and generous land holding provide exciting scope for subdivision and redevelopment (STCC), making it an opportunity that is becoming increasingly difficult to find in Adelaide's western suburbs.
The existing home is well suited as a long-term rental investment, offering three bedrooms plus a study/4th bedroom, two bathrooms, formal living areas and character features including hardwood timber floors and high ceilings. Comfortable and functional in its current condition, it provides the ideal holding property while future plans are considered.
For investors, the appeal is clear-secure a substantial corner allotment in a growing location while benefiting from immediate rental income and future development flexibility. For developers, the site presents an exciting opportunity to unlock the full potential of the land and capitalise on ongoing demand for new homes in the area.
Why You'll Love It
-Approx. 655sqm corner allotment
-Development and subdivision potential (STCC)
-Ideal land banking opportunity
-Solid brick construction
-Strong long-term rental appeal
-Three bedrooms plus study
-Two bathrooms including ensuite to master
-Hardwood timber flooring
-High ceilings
-Close to schools, shopping centres and transport
-Multiple exit strategies for investors and developers
A rare opportunity to secure a solid home today while unlocking the development possibilities of tomorrow.
*We make no representation or warranty as to the accuracy, reliability or completeness of the information relating to the property. Some information has been obtained from third parties and has not been independently verified.*
The size of Athol Park is approximately 0.9 square kilometres. There are 5 parks, covering nearly 6.1% of the total area. The population of Athol Park in 2016 was 2084 people. By 2021 the population was 2023 showing a population decline of 2.9% in the area during that time. The predominant age group in Athol Park is 20-29 years. Households in Athol Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Athol Park work in a community and personal service occupation.In 2021, 58.20% of the homes in Athol Park were owner-occupied compared with 56.00% in 2016.
Athol Park has 1,075 properties. Over the last 5 years, Houses in Athol Park have seen a 96.77% increase in median value, while Units have seen a 97.31% increase. As at 30 June 2026:
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