105 Stephen Terrace, Walkerville SA 5081

Character home on 803m² | Walkerville address | 1920s build with solar | flexible floorplan This property’s primary strength lies in its land-to-building ratio. With only 32% site coverage on a full 803m² allotment, the house offers rare expansion potential in a tightly held suburb where large blocks seldom trade. The 1920s shell provides authentic character that commands a premium in Walkerville, while the solar installation and FTTP connectivity reduce ongoing costs. It is best suited to buyers seeking a family home within the Walkerville Primary and Adelaide High catchment, where demand consistently outstrips supply. The main risk is the building size discrepancy between 160m² and 254m², which could affect financing or insurance valuation. The 2020 purchase price is now three years old, so recent comparable sales should be closely examined. No heritage or flood overlays reduce approval risk, but the property’s zoning permits only residential use, limiting redevelopment upside. The opportunity lies in the 546m² of undeveloped land—a rear extension or pool remains feasible without requiring a full rebuild.