Set on an exceptional 1,175sqm (approx.) allotment just moments from Westfield Tea Tree Plaza, the O-Bahn Interchange and Modbury Hospital, this property presents an exciting opportunity for developers, investors and multi-generational families seeking flexibility and future value.
The main home offers three bedrooms, a light-filled lounge, practical kitchen, dining area and generous outdoor entertaining, while the separate, fully self-contained granny flat includes its own bedroom, bathroom, kitchen and living zone. These two freestanding residences create the ideal arrangement for extended family, independent teens, guest accommodation or immediate dual-income potential.
For developers, the scale and configuration of the land make this a standout opportunity. Sites of this size in such a strategic location are increasingly rare, and with strong buyer demand across Modbury, the potential for subdivision or a multi-dwelling design is highly attractive (STPC). All within a location renowned for strong buyer and rental demand and with major retail, transport and medical hubs close by, this site offers exceptional project potential backed by long-term growth and broad market appeal.
For investors, this property delivers the advantage of two ready-made rental streams, along with unbeatable convenience to transport, shops, and health services, a winning formula for tenant appeal and steady returns.
In Brief:
- Expansive 1,175sqm allotment, prime for redevelopment (STPC)
- Main home with three bedrooms and designated living zones
- A fully self-contained, one bedroom flat, ideal dual-income setup
- A standout option for developers, investors and multi-generational living
- Close to Westfield TTP, Modbury Hospital and the O-Bahn park-and-ride
- Wide frontage, sheds and plentiful off-street parking
- Rare land size in one of Modbury's most convenient, high-demand pockets
A property with this level of potential, position and versatility is increasingly hard to find, secure it now and shape it to suit your vision.
Nearby schools include Ardtornish Primary School, Modbury South Primary, Torrens Valley Christian School, and Modbury High School.
SPECIFICATIONS:
CT // 5264/550
Zone // Housing Diversity Neighbourhood
Built // 1963
Land // 1,175sqm
Council // City of Tea Tree Gully
Council Rates // $1,907.25 per annum
SA Water // $184.08 per quarter + usage
ESL // $99.40 per annum
Estimated Rent // Written assessment provided upon request
DB Philpott is proud to service the local area, and if you are considering selling, we invite you to contact the team for a free, no-obligation market opinion.
The property will be offered to the market by way of Auction, unless sold prior. At this stage, the vendors are not releasing a price guide. The agent is unable to guide or influence the market in terms of price, but recent sales data for the area is available upon request via email or at the open inspection.
The Vendor's Statement (Form 1), the Auction Contract, and the Conditions of Sale will be available for public inspection at the agent's office for at least 3 consecutive business days before the auction, and at the auction venue for at least 30 minutes prior to the commencement of the auction.
Please note that any offers submitted prior to the auction will be under Auction conditions. It is the Purchaser's responsibility to seek independent legal advice and a Form 3 Cooling-Off Waiver.
If land size is quoted, it is an approximation only. You must verify the accuracy of this figure. DB Philpott does not guarantee the accuracy of these measurements. For any development enquiries or site requirements, please contact the local government authority.
Purchasers are encouraged to conduct their own due diligence, as any information provided here is a guide and should not be relied upon. Development is subject to all necessary consents.
We recommend assessing the suitability of any purchase based on your own needs and circumstances by seeking independent financial and legal advice.
RLA 46442
