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5 Gray Street, Norwood

5 Gray Street, Norwood,
Australia
$800,000 - $880,000 For Sale
Residential
  • 192
  • 0
  • 2 Bedrooms
  • 1 Bathroom
Christos Raptis
Christos Raptis
Contact Agent

Description

C.1910 single frontage sandstone cottage with an introduction to the best-of-both-worlds a tenanted investment in an unmatched city-brink locale…

 

Auction | 1pm Saturday 5th June 2022

 

After more than 25 loving years in the hands of one owner, 5 Gray Street, Norwood has all the character features of its era with one question in mind – what will become of this character cottage with its prized north-facing rear, strong bones, undeniable potential and enviable placing in such a leafy locale?

Put simply; this might just be the most exciting home on the market right now!

 

With so much to love about Norwood, this neatly presented abode obliges with a low maintenance garden and a floorplan that entertains the idea of a tasteful renovation, revealing the beauty of its original floorboards, fireplaces in the living room and both bedrooms and soaring decorative ceilings in the process.

It’s all here.

What more could you want…? Five Gray is a very rare opportunity in the booming inner-east, that not only offers a coveted position just footsteps to Norwood Parade and to the East End / City, but a safe investment tenanted at $450 per week, of which has been made up of two tenancies over 13 years – the answer to the question, something very special, indeed.

 

You can see why this home has been held long-term by the owner with the charming façade only hinting at the footprint that lies beyond – laying claim to two sizeable bedrooms off the corridor, which extends right through to a living zone that will instantly label you a master entertainer. Proceed forward to kitchen and a lean to is home to a rustic inspired bathroom, toilet and separately structed laundry.

 

Beautiful in form and beyond easy to live in, the Baltic pine kitchen is complete with Miele dishwasher and electric oven with loads of storage.

 

Within zoning for Norwood Primary School & Norwood international High School Zone and proximity to highly regarded Saint Peters College, Prince Alfred College, Christian Brothers College, Rose Park Primary, Adelaide & Botanic High Schools, along with Marryatville, St. Joseph’s, Saint Ignatius, Pembroke, Mary MacKillop and Adelaide Uni and Uni SA, you couldn’t find a better investment in one of Adelaide’s most tightly held suburbs.

 

With a beautiful home and location this perfect, don’t let it be the one that got away…

 

Significant Features of the home include:

– Rent ready with a current periodic tenancy of $450 per week

– Set amongst the grand character homes that define this beautiful street and suburb
– Lean to incorporating Laundry, Toilet and Bathroom
– Reverse cycle ducted air conditioning

– Gas hot water system
– North-facing aspect backyard
– NBN connected
– Walking distance from Norwood Parade and all the restaurants, pubs and retail it has to offer

– Within short driving distance to Norwood Swimming Centre, Bath Hotel, The Colonist, The Maid Hotel, The Maylands, Rising Sun Inn, Robin Hood, Marryatville Hotel.

– Within short distance to Burnside Hospital, The Royal Adelaide Hospital, the new Calvary Hospital, SAMRY building, Adelaide Botanical Gardens, The Zoo, and Rundle Mall to name a few

– Moments from Burnside Village and access to Adelaide’s finest shopping at Frewville Foodland and Glenunga Hub
– 50m to the nearest bus stop and less than a few kilometres by foot, car or bike ride to the Adelaide CBD

All of this and so, so much more…

For more information or an inspection call Chris Raptis now!

Specifications:
CT / 5089/170
Council / City of Norwood Payneham & St Peters
Zoning / Established Neighbourhood
Built / 1910
Land / 251m2
Frontage / 8.23m
Council Rates / $1,820pa
Emergency Services Levy / $83pa
SA Water / $293.08pq

 

Floor Plans

Additional Information

Land Size: 256