128-130 Payneham RoadStepney SA 5069
Property Details for 128-130 Payneham Rd, Stepney
Last Listing description (August 2025)
Key Attributes:
- Combined Land Area: 1,360 sqm*
- Fully Lease Investment across two titles
- On-Site Parking, enhancing accessibility
- High Street Exposure with exposure to 34,500 vehicles daily*
- Location: 4km* from Adelaide GPO
- Zoned: Suburban Activity Centre
- Council: City or Norwood, Payneham & St Peters
- Development Potential (STCA)
Investment Opportunity:
This property presents an ideal opportunity for savvy investors seeking a combination of steady rental income and long-term growth potential. With four tenanted spaces, it provides immediate cash flow and a secure financial return. The off-street parking and its strategic location just 4km from the heart of Adelaide ensure its appeal to both tenants and future developers.
Future Development Potential:
Situated on a generous 1,360 sqm land holding, this site is ripe for future redevelopment (STCA). Whether you're looking to benefit from on the current commercial use or explore residential, retail, or mixed-use development, this site offers endless possibilities. Its high exposure and proximity to the Adelaide GPO, making it an attractive acquisition for a range of investors.
For further information please contact Mario Bonomi on 0412 080 993 or Fendi Carapetis on 0426 258 030.
*Approximately.
RLA 231015
Property History for 128-130 Payneham Rd, Stepney, SA 5069
- 30 Sep 2025Sold for $3,800,000
- 27 Sep 2024Listed for Sale Contact Agent
- 14 Aug 2023Listed for Sale Contact Agent
Recent sales nearby
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About Stepney 5069
The size of Stepney is approximately 0.5 square kilometres. It has 2 parks covering nearly 4.1% of total area. The population of Stepney in 2016 was 872 people. By 2021 the population was 942 showing a population growth of 8.0% in the area during that time. The predominant age group in Stepney is 30-39 years. Households in Stepney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stepney work in a professional occupation.In 2021, 60.00% of the homes in Stepney were owner-occupied compared with 59.50% in 2016.
Stepney has 795 properties. Over the last 5 years, Houses in Stepney have seen a 57.42% increase in median value, while Units have seen a 118.74% increase. As at 31 October 2025:
- The median value for Houses in Stepney is $1,412,000 while the median value for Units is $843,711.
- Houses have a median rent of $695 while Units have a median rent of $728.
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