25 The Parade, Marion SA 5043

Land parcel rare for Marion | 849sqm on The Parade | redevelopment upside with council approval | rundown house is a demolition candidate. The property’s primary buying case rests on its land position – 849 square metres on The Parade with no overlay constraints – which is uncommon in this suburb and immediately sets it apart from typical residential listings. The existing house is functionally obsolete, but that removes any premium for structure and places the buyer’s capital almost entirely into the land, which is the appreciating component. This suits developers or investors seeking a blank canvas in a corridor with strong amenity, school catchment, and transport connections. The principal risk is the condition of the dwelling and the lack of any vendor guarantees, meaning the buyer must budget for demolition and full site works. There is no recent sales data on the street, so pricing the redevelopment margin requires careful comparable analysis of finished projects in the area rather than relying on this property’s own history. The solar panels offer minor offset value during holding, but should not inform the acquisition price. Hold for development or sell to a builder once approvals are in place – do not renovate the existing house.