Why Thebarton Has Great Opportunities for Investors

© Property Professor articles — www.thepropertyprofessor.net.au.
Reproduced with permission.

 

Thebarton is only 1km W of the Adelaide CBD. It is has many character homes which were built in the early 1900’s. There are also some light industrial pockets. It is a typical inner city working class suburb that is undergoing gentrification. Thebarton has a warm cosmopolitan feel about it with many nationalities residing in the suburb.

There is one supermarket in this suburb, Thebarton Foodland. There is one private school in Thebarton, St. George College in Rose St. The public senior school, Thebarton Senior College, is in neighbouring Torrensville. The nearest public primary school is Torrensville Primary School, which is approximately 1km away. Thebarton is particularly well serviced by a number of buses and the tram. The well respected Lady Gowrie Child Care Centre is in Dew St and the popular Dove St playground is nearby. The River Torrens Linear Park forms the northern boundary of Thebarton; a great spot for riding or walking.

Why you should buy here

  • Thebarton is within walking distance to the city.
  • Being close to the city, it is appealing to young white collar workers who can afford to pay relatively high rents.
  • As it is in the western suburbs, it is situated between the city and the sea.
  • The southern section is adjacent the prime suburb of Mile End.
  • With three university campuses all within 2km of Thebarton, there are great opportunities for investors to offer rental property as student accommodation; a chance to positively gear. Thebarton is favoured by international students due to its cosmopolitan feel.
  • There are good opportunities for redevelopment. In some areas, you are able to build new dwellings on only 270 square metres of land.
  • It is relatively easy to “value add” through renovation as many of the properties are character/period homes. Examples of renovated homes are dotted throughout the suburb and increasing in number.

Areas to focus on

  • The southern sector of Thebarton, which is adjacent Mile End and the cosmopolitan strip on Henley Beach Rd, has many character/period homes.
  • Areas to avoid
  • Avoid the streets with factories or near the factories as these can be a long term source of noise, air and traffic pollution. Avoid purchasing homes on the main roads that border Thebarton, in particular South Rd. In this suburb, the linear park is not a good location to buy a house as there are many factories that back onto the river.

Happy House Hunting!

• Written by Peter Koulizos, university lecturer, author and buyers advocate. Peter will be presenting “The Essentials of Property Investment Seminar” on Tuesday 21st August, 6.30pm at The Vibe Hotel Sydney Central.

Click here for a complimentary Property Plan meeting

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