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40 Stanley Street, North Adelaide

Classic doer-upper with two-storey studio & valuable side access - You'd be mad to miss it!

Stanley Street – could there be a more iconic address than this stunning North Adelaide boulevard, loved for its wide, leafy prestige and proximity to Melbourne Street's strolling strip?

Nestled quietly and almost unobserved in this heritage heartland, this full-stone symmetrical cottage with 1980 additions by local architect John Perriam may have fallen on hard times but, boy, the potential is all there! Not to overstate it, the rewards will be completely off the Richter scale for anyone taking on this project – quite possibly the very last of its type in this tightly-held near-city hotspot.

A paint, sand and polish, and perhaps a new kitchen, would do wonders for the old girl, giving you valuable breathing space (and potential for rental income), while you weigh up your long-term options.

Dating from around 1880 and sited on a charming, easy-to-maintain allotment of approximately 282m², with a game-changing laneway to the studio and parking at the rear; the three-bedroom period classic has sturdy bones and plenty of features to hold onto: floorboards, a 12-light door and a trio of fireplaces including a Nectre wood-burning stove that transforms the lounge, come winter, into a cosy retreat.

Explore scope to re-imagine the open-plan living spaces overlooking the dappled shade of a central courtyard lying between the house and former potter's studio – itself a prime candidate for luxury self-contained accommodation STCC.

As for the area, what's not to love? With the parklands as your playground, cafes just around the corner and a free bus to the city, this is an opportunity you'd be mad to miss!

3-phase power & water
Concrete slab (lower level)
Timber floors (upper level)
Rainwater tank

Working chimneys
Replacement ceilings
Functional modern bathroom with shower over bath
Separate laundry
Nectar wood-burning stove (lounge)

Off-street parking via side laneway