52 The Parade Norwood SA 5067
Property Details for 52 The Parade, Norwood
Last Listing description (August 2021)
Colliers is pleased to present the opportunity to purchase 52 The Parade, Norwood.
The 1,996 square metre* land holding is positioned prominently on the inbound (southern) side of The Parade with a 45.7 metre* frontage. The existing improvements comprise two single level buildings with rear low clearance warehousing of 280 square metres*, offering existing holding income.
The opportunity to acquire land in the tightly held Norwood precinct, is extremely rare and will offer the new owner the opportunity to join a select few to own part of this valuable precinct with genuine development potential.
The significant land size coupled with the premium location creates an extremely unique and rare high street development opportunity.
Key attributes:
Large 1,996 square metre site
Attractive and desirable location in the inner east, just 3km from Adelaide CBD
Exposure to one of Adelaide's premier high streets, The Parade, Norwood.
Significant development potential
Holding income
45.7 metre frontage
*approx.
For sale by Expressions of Interest closing Thursday 24th June 2021 at 3.00pm
Property History for 52 The Parade, Norwood, SA 5067
- 21 May 2021Listed for Sale Please contact agent
- 27 Apr 2017Sold for $4,505,000
- 29 Oct 2016Listed for Sale Not Disclosed
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 4,765 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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