360-362 The Terrace, Risdon Park SA 5540

Vacant Terrace allotment | rare large block | established suburb | prime development canvas This property is a competitively strong opportunity due to its rarity as a substantial vacant parcel in an established, tightly-held residential setting. Its size, ranging from approximately 1162m² to 2741m², offers superior flexibility for a family residence or a potential development project, subject to council consent, serving buyers seeking a blank canvas with immediate proximity to schools and the Port Pirie town centre. The primary decision hinges on navigating conflicting valuation data and confirming precise development parameters with the council, which costs due diligence time and risk capital. The commercial logic is clear: secure a scarce land bank in a growing suburb where comparable recent sales support the entry price. Acquire for a long-term hold, either as a future owner-occupied family home or a strategic land investment. Recent nearby vacant land sales provide a direct benchmark: – LOT 12 Gordon Street, Risdon Park sold 04 Aug 2025 for $235,000 – 3 Middleton St, Risdon Park sold 16 Nov 2025 for $225,000 These transactions firmly anchor the listed price of $220,000 for this larger Terrace allotment as commercially credible, indicating the market is pricing such opportunities efficiently.