New $15m development Third Avenue coming to Adelaide's Everard Park

A new residential project, known as Third Avenue, is set to come to the inner south-western suburb of Adelaide, Everard Park.

The $15 million development from Arcadian Property comprises 27 new two and three-storey homes. 

Prices at the development, which is currently in planning assessment, will start from around $500,000 when released to the market next month, said Arcadian Property Chief Executive Officer Warwick Mittiga.

“Everard Park is one of the best kept secrets in Adelaide real estate,” said Mr Mittiga.

“Within walking distance to the popular shopping and café strips of Goodwood Road and King William Road, Everard Park is only 2km from the CBD and just 10 minutes from Glenelg beach. Yet despite its amazing location and quality established homes, it remains relatively unknown.

“So we’re really excited about Third Avenue, which is going to become one of the best addresses in the inner south-west. We have direct connection to Brownhill Creek, dedicated walking trails through Unley Council and are very close to some fantastic reserves and ovals too.

“The development itself is going to be exceptional. From exterior architecture to the interior design, every element has been carefully considered to maximise living standards for residents and promote the value of their home for many years to come.

“Indeed, while we could have pushed for a bit more density in the project, we specifically chose to reduce the number of new homes and create larger houses with an increased amount of private and public open space. This enables us to focus more on quality rather than quantity, and ultimately that’s what Third Avenue is all about.”

Construction of Third Avenue is expected to commence next year ahead of estimated completion in 2020.