An air of prestige
Heritage homes and exciting developments come together in an ideal setting, reports Ben Hyde.
SET within walking distance of North Adelaide and boasting some of Adelaide’s most prestigious estates, Gilberton’s aspirational traits are easy to see. Treelined streets, large blocks and heritage homes are synonymous with the city-fringe suburb. The sale of Ivanhoe last year for more than $6 million was an indication of the demand to crack into the tightly held suburb. Its median house price last year jumped 21 per cent, to $940,000.
Gilberton also has come under the spotlight with the approval of a high-density apartment development on the former Channel 7 site.
City of Walkerville Mayor Heather Wright says Gilberton is blessed with a desirable location and plenty of character.
‘‘It’s very close to the city and parts of it are along Linear Park,’’ she says.
‘‘The upper Gilberton area, which includes Edwin Tce, is long established and full of mansions, which makes it very attractive.
‘‘Lower Gilberton features lots of lovely cottages, many of which have recently been done up and are beautiful little residences.’’
Mrs Wright says the many nearby amenities also make Gilberton a great place to live.
‘‘Gilberton does have the advantage, even over Walkerville, of being much closer to Melbourne St and North Adelaide, where there is a huge range of coffee shops and cafes,’’ she says.
‘‘Another big advantage is the number of quality schools in the City of Walkerville area, which are attractive options for people when looking at their children’s education.
‘‘Linear Park is such a wonderful asset. There are barbecue facilities on the river and you have the ability to walk into the city very quickly or cycle along the paths.’’
Preserving the suburb’s grand estates, heritage buildings and community feel are high on the council’s agenda.
‘‘There is a long list of local heritage and many of the houses are on that,’’ Mrs Wright says.
‘‘We are trying to maintain the sense of character in the streetscapes as well.
‘‘Also, from a council point of view, Walkerville has remained a small independent council and the residents feel as if they are part of a community.’’
The $180 million 45 Park development on the former Channel 7 site last month was conditionally approved by Walkerville Council. It features three buildings of six to 10 storeys and will incorporate 217 apartments.
Mrs Wright says some residents are worried about the impact of the development.
Developer Watersun’s project director, Mick O’Connor, says approval of the development is a big step forward for accommodating more people close to the city and existing amenities.
‘‘Its proximity to the CBD on a transit corridor means that many residents are likely to choose to walk or cycle along the Linear Path or take public transport into the city,’’ he says.
‘‘We’re looking forward to bringing 45 Park Gilberton to the market this year and have received strong interest from potential buyers attracted by its location and the quality of the project.’’
Jock Gilbert Real Estate managing director Jock Gilbert says Gilberton is high on Adelaide’s list of top addresses.
‘‘Edwin Tce has some of the most gracious Victorian homes in the state that are tightly held and always in strong demand,’’ he says.
‘‘The suburb will always be a good test of our market as it has quite a broad spectrum of prices from cheapish units around $300,000 to mansions in excess of $6 million.’’