99 Second Avenue, Joslin SA 5070

| 874m² flat site, blue-chip Joslin | knockdown rebuild or renovate | heritage overlay present | walk to city, schools, park | This is a rare flat 874m² parcel on a tree-lined boulevard three kilometres from the city, where the redevelopment potential is the primary value. The existing 1950s stone-fronted home is structurally sound enough to live in while planning, but the true competitive edge is the land itself – a full 18-metre frontage on a site that already carries a heritage overlay, which effectively limits future subdivision but protects the streetscape premium. The property best serves a buyer who can fund a knockdown or substantial rebuild, or an investor willing to hold the land for capital growth while collecting modest rental income from the current three-bedroom layout. The heritage overlay is the main risk: it constrains what you can do without council consent and adds time and cost to any development application. The existing house is dated – retro bathroom, no ensuite, limited insulation – so renovation costs will be material if you choose that path. On the opportunity side, comparable sales on Fifth Avenue and nearby Second Avenue have cleared above $3 million for finished homes, which suggests the ceiling for a well-executed rebuild is high. The flat block, dual driveway access, and existing 347m² building footprint give you room to design a substantial family residence. Hold this property as a long-term land bank with a renovation or rebuild trigger once planning is secured.