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Colonel Light Gardens

POSTAL CODE: SA, 5041
HOUSE

Property investments in COLONEL LIGHT GARDENS did not fare well against the rest of the country last year, registering a median home price decrease of 5.59%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains COLONEL LIGHT GARDENS, 5041 saw average growth in the long term.

Real estate investors could earn a rental income of $720 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,605,000.

COLONEL LIGHT GARDENS ranks 335th on the list of best yielding suburbs for rental properties in SA, posting a 2.33% return.

Surburb overview

Colonel Light Gardens, located approximately 7 kilometres south of Adelaide's central business district, is a historically significant and well-preserved suburb in South Australia. It falls within the City of Mitcham, a local government area known for its leafy suburbs, strong community spirit, and commitment to preserving heritage. Colonel Light Gardens has a population of around 3,500 residents, with a demographic mix that includes families, professionals, and retirees.

Public transportation in Colonel Light Gardens is well-serviced by Adelaide Metro buses, offering regular services to the Adelaide CBD and surrounding suburbs. The suburb is also conveniently located near major roads such as Goodwood Road and Springbank Road, making it easily accessible by car and providing direct routes to the city and other parts of Adelaide.

Colonel Light Gardens is renowned for its garden suburb design, which was planned by Charles Reade in the early 20th century. The suburb’s layout is characterized by wide, tree-lined streets, well-maintained gardens, and a mix of early 20th-century bungalows and cottages. The suburb’s design includes numerous parks, reserves, and open spaces, contributing to its reputation as one of Adelaide’s most attractive and livable suburbs. The heritage-listed suburb has strict planning controls to preserve its historical character, ensuring that its unique charm is maintained for future generations.

While Colonel Light Gardens itself is primarily residential, it is close to several shopping precincts, including the nearby Pasadena Green Shopping Centre and Mitcham Square Shopping Centre. These centres provide a variety of retail, dining, and essential services, ensuring that residents have easy access to supermarkets, specialty stores, cafes, and restaurants.

Educational facilities in Colonel Light Gardens are excellent, making it a popular choice for families. The suburb is home to Colonel Light Gardens Primary School, which is well-regarded within the community. Additionally, the area is close to other quality schools, including Mitcham Girls High School and St Therese School, offering further educational options for families with children.

The suburb’s design includes several large green spaces, such as Mortlock Park and Reade Park, which provide opportunities for sports, picnicking, and community events. The suburb’s tennis courts, playgrounds, and walking paths further enhance the quality of life for residents. The nearby Belair National Park offers additional opportunities for bushwalking, cycling, and enjoying the natural beauty of the Adelaide Hills.

Colonel Light Gardens’ combination of historical significance, suburban tranquility, and access to quality amenities makes it one of Adelaide’s most desirable suburbs. The suburb’s garden suburb design, heritage charm, and strong sense of community continue to attract residents who value a balanced and peaceful lifestyle in a unique and well-preserved setting.

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