42 Mills Terrace, North Adelaide, SA 5006

$3.25M

House
Type
2
Bedrooms
2
Bathrooms
4
Parkings
724 mΒ²
Area

Published on Thursday, August 13, 2026 ( See property details for 42 Mills Terrace, North Adelaide, SA 5006)

$3.25M

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and valuable park-front corner block in North Adelaide offering exceptional development potential and lifestyle convenience.

🏑 Property Highlights

  • Rare park-front corner block in North Adelaide with development potential
  • Overlooks the prestigious North Adelaide Park Lands, including Golf Course and tennis courts
  • Generous 724 m² elevated land offering flexible design options
  • Existing circa 1935 dwelling suitable for refurbishment or rental income
  • Excellent side access for garaging potential off Barnard Street (STCC)
  • Prime location within walking distance to O'Connell Street, Adelaide Oval, and CBD

✨ Key Features

  • Open-Plan Living
  • Built in robes
  • Waterfront / Views
  • Outdoor Area
  • Garage / Secure Parking
  • Ensuite
  • Security Screens / Gates
  • Fly Screens
  • Water tank
  • Pet-Friendly
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42 Mills Terrace
North Adelaide, SA 5006
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Vertical aerial view β€” 42 Mills Terrace
42 Mills Terrace — Vertical Aerial  •  North Adelaide, SA 5006  •  Nearmap © 2026

North Adelaide is a highly sought-after suburb renowned for its historic charm, vibrant lifestyle, and proximity to the city centre. It offers a mix of heritage-listed homes and modern developments, with easy access to parks, cafes, and cultural attractions. The area boasts excellent walkability, prestigious streets, and a strong community vibe, making it ideal for both families and investors seeking a premium lifestyle. Its location adjacent to the Adelaide CBD ensures convenience and a cosmopolitan living experience.

What are the potential uses for this land?
The land offers flexible options including refurbishment of the existing dwelling, long-term residential development, or a custom-built park-front residence, subject to council approval (STCC).
Is the existing house suitable for living or rental income?
Yes, the circa 1935 dwelling can be refurbished and rented out in the short term while planning your development.
What are the development restrictions or requirements?
Development is subject to South Australian Planning and Building regulations, with potential for a generous floor plan and side access, pending council approval (STCC).
Are there any known planning or zoning restrictions?
The property is zoned for residential development with potential for a new residence or redevelopment, subject to South Australian Planning and Zoning regulations and STCC approval.
What are the nearby amenities and attractions?
The property is within walking distance to O'Connell Street, Adelaide Oval, the CBD, and the North Adelaide Park Lands, offering a vibrant and convenient lifestyle.
Are there any existing easements, covenants, or planning restrictions affecting the property? What are the potential costs for council approvals and development applications? Are there any known issues with the existing dwelling, such as structural defects or asbestos? Is there any recent or upcoming planning or zoning changes in the area that could impact development? Are there any flood or bushfire risks associated with the property location? What are the strata or community title considerations, if applicable? Are there any nearby construction or development projects that could affect the property’s value or livability? What are the ongoing rates, taxes, and water charges, and are there any outstanding payments? Is the property fully compliant with current building codes and safety standards? Are there any restrictions on building height, setbacks, or design due to heritage or local council regulations?

42 Mills Terrace, North Adelaide, SA 5006 - More Details

$3.25M

Rare and absolute blue-chip park-front residential development opportunity, overlooking the glorious North Adelaide Park Lands, including the Golf Course, and lawn tennis courts.

Beautifully elevated and valuable corner block of some 724 square metres (15.84 metres x 45.72 metres) approx., offering broad flexibility in design, allowing for a generous floor plan to be produced, and excellent side access for garaging potential off Barnard Street (STCC).

To say this development opportunity is rare, is an understatement, as to find park-front land opportunity on a corner block in North Adelaide is now virtually unobtainable, particularly on prestigious and tightly held boulevards like Mills Terrace.

The existing dwelling (circa 1935) could be refurbished in the short term, and rented out, whilst you design your dream park-front residence.

Alternatively, it would be hard to find a better long-term investment, given land/development opportunity in North Adelaide continues to contract, especially premium park-front positions, like this one.

Presenting a picturesque lifestyle existence, with cosmopolitan convenience, all within walking distance to fashionable O'Connell Street, iconic Adelaide Oval, or a bit further to the CBD.

If you miss this one, if or when will there be another chance to secure one of the remaining park-front development opportunities (STCC), in prestigious North Adelaide?

PRELIMINARY AUCTION NOTICE: AUCTION DATE AND TIME TO BE ADVISED


AGENT: JAMIE BROWN 0413 000 887
RLA: 294724


RATES AND TAXES (approximate only and subject to change):

- Certificate of Title
Volume: 5709 Folio: 348

- Council
City of Adelaide
Rates: $TBA per annum (approx.)

- SA Water
Quarterly Supply Charge: $TBA per quarter (approx.)
Sewer Charges: $TBA per quarter (approx.)

- Emergency Services Levy
$TBA per annum (approx.)
Type
House
Bedrooms
2
Bathrooms
2
Parkings
4
Area
724 mΒ²

Map & nearby places — 42 Mills Terrace, North Adelaide, SA 5006

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