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16 The Pines Grove

Paralowie SA 5108

3
1
2
100 m²
596 m²
House
Currently for sale - view listing

Overview

Income Today. Development Potential Tomorrow.

AUCTION: Sat, 3rd October at 3pm (Unless sold prior) For investors looking beyond the ordinary, 16 The Pines Grove presents an exciting opportunity to secure immediate rental income today while planning for what could come next. Positioned on 596m² (approx), this valuable corner allotment overlooking Pines Grove Reserve offers the dimensions and accessibility that will have developers exploring its future subdivision or redevelopment potential (STCC). And while those plans take shape, the existing three-bedroom home is already working for you. Currently leased at $550 per week until 3 August 2027 by a long term tenant, investors can enjoy an established income stream from day one while investigating the site's longer-term possibilities. A future redevelopment could open the door to multiple investment strategies. Build, retain and rent new dwellings to create additional income-producing assets, with eligible investors potentially benefiting from depreciation, deductible investment expenses and negative gearing depending on their individual circumstances and finance structure (Independent financial and taxation advice should be sought). Alternatively, develop and sell, retain one and sell the other, or create a new home for yourself - this corner position provides plenty to think about. For first-home buyers, there's another compelling option: secure a freestanding three-bedroom home on a substantial allotment and enjoy the greenery of Pines Grove Reserve directly opposite. Features • Approx. 596m² corner allotment • Future subdivision/development potential (STCC) • Three bedrooms & central bathroom • Single-car garage • Overlooking Pines Grove Reserve • Currently returning $550 per week • Fixed lease until 3 August 2027 • Immediate income while exploring future plans • Potential future investment and tax advantages Invest now. Earn from day one. Develop for the future. Contact Tony Hvasanov 0430 312 199 now to avoid disappointment. The Vendor's Statement (Form 1) will be available for perusal by members of the public at the office of the agent at Raine & Horne Unley, 4/215-217 Unley Road, Malvern for at least 3 consecutive business days immediately preceding the auction and at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction. *Disclaimer: Raine & Horne Unley try their absolute best to obtain correct information for this advertisement. The accuracy of this information cannot be guaranteed, and all interested parties should seek independent legal advice if they wish to proceed. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement **Certain images have been digitally enhanced with virtual furnishings to showcase the home's potential layout and lifestyle possibilities. Furniture and styling shown are for illustrative purposes only.

Features

3 bedrooms
1 bathroom
2 carspaces
2 carport spaces
100 m² floor area
596 m² lot size
House

Property history for 16 The Pines Grove

2024
Sold
$485,000
Private Sale/Treaty on 01 Aug 2024 by Stu Costello, of Costello & Co Real Estate

Happy sellers in Paralowie

95%
95% of sellers in Paralowie reported that their sale price either exceeded or met their price expectations.

Paralowie stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Paralowie over the last 12 months.

Local market activity for 3 bedroom houses in Paralowie

In the last 12 months, 102 three-bedroom houses similar to 16 The Pines Grove, have been sold.

This represents a 28% increase in three-bedroom houses sales when compared to the previous 12 months.

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