37 Gladstone Avenue, Kilburn SA 5084

Vacant land with approved dual Torrens subdivision | Roma Mitchell Secondary College catchment | No flood, bushfire or heritage overlays | 5G and NBN Fibre to the Node available The approved subdivision into two approximately 446-square-metre Torrens title allotments is the primary competitive advantage here. This removes the most common risk for a buyer seeking a development site – council delay or refusal. The land sits in a well-serviced council area with no environmental or heritage constraints, and the catchment for Roma Mitchell Secondary College adds a practical buyer pool for the eventual dwellings. This property best suits a builder seeking a straightforward two-lot project or an investor wanting to hold subdivided blocks for future sale or construction. The price point reflects the subdivision approval already secured, meaning the buyer pays a premium for that certainty rather than acquiring raw land at a discount. The previous sale at $930,000 in early 2023 suggests the uplift from subdivision consent is now priced in. Rental income of around $615 per week is available if the existing house were still standing, but as vacant land there is no holding income during subdivision or construction. The conflicting descriptions across sources – some still listing a four-bedroom house – indicate data quality issues that a buyer should verify directly with the selling agent and council. The sensible approach is to treat this as a development site only, model the end value of two finished homes or two vacant Torrens lots, and bid based on that residual land calculation rather than on comparable land sales.