Back 40 Rees Street
Off Market

40 Rees Street

Sheidow Park SA 5158

4
1
2
House
Last sold for $851,000
Michael GeorgiadisMichael Georgiadis, last sold this property on 18 December 2025 after 57 days on market.

Overview

AUCTION CANCELLED - SOLD PRIOR TO AUCTION

Opportunity Knocks - Solid Home, Huge Block, So Much Potential! Set in the peaceful and family-friendly suburb of Sheidow Park, this spacious brick home sits on a generous Torrens Title allotment of approx. 860m2. Offering an exciting opportunity for renovators, investors, or developers. Presented in original condition, the home offers a functional layout with multiple living areas, up to 5 bedrooms, and plenty of space to work with. Whether you're looking to restore its former charm, modernise it to your tastes, or explore future redevelopment potential (STCC), this property is packed with promise. Key Features: • Brick construction on a substantial 860m² block (approx.) • Flexible layout with 4 to 5 bedrooms • Separate formal lounge and dining • Spacious original kitchen with gas cooking and breakfast bar • Second living/meals area with access to rear verandah • Converted garage/rumpus room or bedroom 5 - ideal for teens or home office • Central bathroom with separate toilet and laundry • Elevated verandah with peaceful tree-top views • Private rear yard with scope for landscaping or extension (STCC) • Ample off-street parking Prime Location: • Walk to Sheidow Park Primary School • Minutes from shops, public transport, and local parks • Just 5 minutes to Hallett Cove Beach and walking trails • Easy access to the Southern Expressway, approx. 30 minutes to the CBD • Close to the newly revitalised Glenthorne National Park - Ityamaiitpinna Yarta Positioned within the Hills Neighbourhood (HN) Zone, this property may appeal to those seeking to capitalise on the land size and zoning provisions. Whether you're looking to modernise the existing home or consider development options (STCC), this property is packed with potential. Currently tenanted under a Periodic Lease at $400.00 per week.

Features

4 bedrooms
1 bathroom
2 carspaces
2 open car spaces
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Sheidow Park over the last 12 months, the estimated median property value of 40 Rees Street is $987k.

Median value
$987k
Estimated value range
$800k - $1.51m
Median days on market
23
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Sheidow Park. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Rees Street

2025
Sold
$851,000
18 Dec 2025 by Michael Georgiadis, of Michaelkris Real Estate

Happy sellers in Sheidow Park

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

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

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

Local market activity for 4 bedroom houses in Sheidow Park

In the last 12 months, 33 four-bedroom houses similar to 40 Rees Street, have been sold.

This represents a 23% decrease in four-bedroom houses sales when compared to the previous 12 months.

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