16 Nelson Street is undoubtedly one of the most prominent inner eastern development or repositioning opportunities to be offered to the South Australian market in recent times.
Only 3km from the Adelaide CBD, the property is strategically located in Adelaide's tightly held inner eastern suburb of Stepney with fantastic connectivity and accessibility to The Parade, Norwood and surrounding eastern suburbs. Located on the western side of Nelson Street the property enjoys high exposure and benefits from rear lane access via Louis Street.
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 794 properties. Over the last 5 years, Houses in Stepney have seen a 64.40% increase in median value, while Units have seen a 80.85% increase. As at 30 November 2025:
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