48 First Avenue, Payneham South$875,000
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For Salehouse

48 First Avenue

Payneham South, SA 5070, Australia
$875,000
2 bed 2 bath 1 car402 m²

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About this property

Positioned in one of Adelaide's most convenient eastern pockets, this C1940 cottage showcases exactly why red brick character never goes out of style - especially when paired with a floorplan that knows how to entertain. Beyond its picture-perfect façade, polished timber floors guide you through a traditional entry hall and lounge, where an original mantle nods to the home's heritage, before the layout shifts into something more contemporary. A light-filled living and dining domain stretches across the rear, bringing everyone together in a seamless sweep. At its heart, a kitchen plays its role with stone-look benchtops, subway tiling, generous storage, and an open, social layout that ensures you're never far from the conversation, whether it's dinner for two or a long Sunday lunch. Two generous bedrooms provide flexibility to rest, work, or host, serviced by a neatly appointed main bathroom. A second bathroom/ laundry combo adds another layer of practicality when life gets busy. Step outside and a paved pergola sets the scene for alfresco entertaining, while a generous sweep of lawn, established fruit trees, and a garden shed create a backyard that's equal parts productive and private. A carport, additional off-street parking, R/C A/C, ceiling fans, and built-in robes round out the practicalities. And then there's the location. Grab your morning coffee from a Cheeky Grin, stock up at Firle Plaza or Marden Shopping Centre, enjoy easy access to Trinity Gardens Primary, Marryatville High School, and a host of sought-after private schools, then be in the city within minutes when work or play calls. Character where it counts, modernity where it matters, and an address that does the rest - this is Payneham South played to perfection. More to love: C1940 red brick cottage on 402sqm, beautifully updated throughout Single carport and additional off-street parking on gated driveway Split system reverse cycle air conditioning to lounge Ceiling fans to bedrooms Original features throughout high ceilings, polished timber floors, mantle Separate laundry with bathroom facilities Built in robes to bedroom two Tiled and polished timber floors, with carpets to bedrooms Plantation shutters Instant gas hot water service Down lighting Garden shed NBN ready Specifications: CT / 5168/14 Council / Norwood Payneham & St Peters Zoning / GN Built / 1940 Land / 402m2 (approx) Frontage / 10.67m Council Rates / $1433.75pa Emergency Services Levy / $148.40pa SA Water / $189.98pq Estimated rental assessment $600 - $650per week/ Written rental assessment can be provided upon request Nearby Schools / Trinity Gardens School, Felixstow P.S, East Adelaide School, Marryatville P.S, Norwood International H.S, Marryatville H.S, Morialta Secondary College, Charles Campbell College Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
402 m²
Listed
4 weeks ago

Repayment calculator

$4,242/month
$2,121 /fortnight
Loan $700,000 at 6.10% over 30 years

Upfront costs

Deposit$175,000
Stamp duty$41,955
Conveyancing (est.)$2,000
Total upfront$218,955
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Payneham South

This 2-bedroom house in Payneham South, SA 5070 sits within reach of public transport, local shops local amenities. It is listed 29% below the $1.24m median of 63 comparable houseswithin 5 km.

What's nearby

  • Stop 14 Gage Street - West side (bus)230 m away
  • Unnamed435 m away
  • May Street Reserve306 m away
  • May Street Reserve396 m away
  • May Street Reserve495 m away

Payneham South at a glance

Full suburb profile
Population
1,731
Median age
39
Household income
$1,560/wk
Median rent
$331/wk
Median mortgage
$1,789/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Payneham South price trend

Median sold · House 4 bed

$1.53mcurrent median

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