38 Charles StreetNorwood SA 5067
Property Details for 38 Charles St, Norwood
Last Listing description (April 2017)
The property presents an ideal scenario for a developer to have holding income during planning and approval stages.
The existing improvements are currently leased until November 2017 with a use as a Deli. This lease provides a net rental income of $22,000 per annum* with the tenant paying all outgoings except for Land Tax.
The Charles Street Deli has been in existence in one form or another for near on 100 years and as a result the original external faA ade and parapet walls of the Deli is heritage listed by the council of Norwood, Payneham and St Peters.
Opportunities such as 38 Charles Street, Norwood to create a totally unique product do not arise frequently. Don't miss out on this opportunity, please call to register your interest today.
AUCTION: On-site 26th May 2016 at 11am
Property History for 38 Charles St, Norwood, SA 5067
- 29 Jun 2016Sold for $565,000
- 02 May 2016Listed for Sale Not Disclosed
- 10 Oct 2001Sold for $215,000
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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 4,755 properties. Over the last 5 years, Houses in Norwood have seen a 47.91% increase in median value, while Units have seen a 63.03% increase. As at 31 August 2026:
- The median value for Houses in Norwood is $1,775,640 while the median value for Units is $854,108.
- Houses have a median rent of $740 while Units have a median rent of $600.
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