1/25 William StreetNorwood SA 5067
Property Details for 1/25 William St, Norwood
1/25 William St, Norwood is a 5 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1960. The property has a land size of 1560m2 and floor size of 430m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (May 2019)
5 tenanted flats on 936m2 of prime land.
KEEP THESE 5 FLATS AS AN INVESTMENT WITH A GREAT RENT RETURN OR BUILD ON THE LAND YOUR OWN HOME OR SUBDIVIDE THE INTO 2 (STCC) AND BUILD 2 AMAZING HOMES FOR THE PURPOSE OF SELLING OR LIVE IN ONE AND SELL THE OTHER.
GREAT OPPORTUNITY A RARE FIND IN AN AMAZING LOCATION IN WONDERFUL NORWOOD.
Two generous homes could be built on this site and would be sold quickly when completed. (They possibly would sell off the plan as there is many buyers seeking to acquire properties like this in Norwood.)
The single level flats are all 1 bedroom and are all currently tenanted. As listed below.
Unit - Rent p/w - Tenancy Expiry
Unit 1 - $240 p/w - 2/12/2019
Unit 2 - $240 p/w - 20/01/2020
Unit 3 - $175 p/w - 21/05/2019
Unit 4 - $240 p/w - 24/06/2019
Unit 5 - $240 p/w - 18/11/2019
A brilliant opportunity to have these properties rented out while you are waiting for council approval if that is what you require or hold them as a long term investment and be buyer that buys for land bank purposes and watch the land value go up and get great capital return.
This is a very rare find and a brilliant opportunity. This property is being auctioned on Saturday 27th April if you require any further information call Bevan Bruse on 0419 809 852 or email bevan.bruse@bruse.com.au.
BEVAN BRUSE 0419 809 852
Information
Certificate of Title: Volume 5109 Folio 703
Council: City of Norwood, Payneham & St Peters
Zoning: RH(C)
- Residential Historic (Conservation) 12.7 - Norwood 5/
Council Rates: $5078.10 per annum (approx.)
SA Water Rates: $516.35 per quarter (approx.) Tenants pay water supply and usage
Emergency Services Levy: $974.45 per annum (approx.)
Year Built: 1960
Land Size: 936m2 (approx.)
School Zoning: Norwood Primary School & Norwood Morialta High School
The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for perusal by members of the public at 357 Greenhill Road, Toorak Gardens 3 business days prior to the auction and on-site 30 minutes before the auction.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.
Property History for 1/25 William St, Norwood, SA 5067
- 26 Mar 2019Listed for Sale $1,440,000
- 06 Dec 2017Sold for $2,440,000
- 08 Nov 2017Listed for Rent - Price not available
Recent sales nearby
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About Norwood 5067
The size of Norwood is approximately 2.2 square kilometres. There are 10 parks, covering nearly 1.8% of the total area. The population of Norwood in 2016 was 5953 people. By 2021 the population was 6354 showing a population growth of 6.7% in the area during that time. The predominant age group in Norwood is 30-39 years. Households in Norwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norwood work in a professional occupation.In 2021, 51.20% of the homes in Norwood were owner-occupied compared with 50.00% in 2016.
Norwood has 4,742 properties. Over the last 5 years, Houses in Norwood have seen a 45.24% increase in median value, while Units have seen a 71.93% increase. As at 31 May 2026:
- The median value for Houses in Norwood is $1,600,079 while the median value for Units is $890,077.
- Houses have a median rent of $750 while Units have a median rent of $600.
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