Positioned on a substantial sized block, this property offers enormous potential for subdivision, renovation or development in a prime location close to Modbury Hospital, Tea Tree Plaza, the bus interchange, and only around 30 minutes from Adelaide's CBD.
Currently there is a three bedroom house situated on the block with an open plan kitchen and dining area, spacious loungeroom, and a large backyard. The level parcel of land is zoned Residential, with the size of the block able to potentially accommodate a second dwelling at the rear of the block or townhouses (STCA).
There is so much potential and multiple options here. You could move in, renovate, develop, rent out, land bank for the future, or subdivide (STCA). With land so scarce in the area, this could be the hottest opportunity you will come across this year.
The property is within walking distance from Selby Reserve and bus stops, while schools, sporting clubs and the University of South Australia Mawson Lakes Campus are a short drive away, making this a perfect location for students, families and commuters alike. Whatever you choose to do, you have multiple options here adding up to an outstanding investment!
FEATURES WE LOVE:
• Subdivision potential
• Neat and tidy three bedroom, 1 bathroom home
• Charming façade
• Covered parking for 3 vehicles
• Spacious bedrooms
• Ample storage throughout
• Kitchen has a walk-in pantry
• Shed/workshop
• Northeast facing backyard
• Minimal trees to remove
• Renovate, develop, rent out, or land bank for the future
LOCATION:
• 350 m from the bus stop
• 400 m from Selby Reserve
• 750 m from St Peters Bakehouse & Coffee Shop
• 3 mins from Modbury Sports & Community Club
• 4 mins from Westfield Tea Tree Plaza
• 4 mins from St Agnes Primary School
• 5 mins from Modbury High School
• 5 mins from Modbury Hospital
• 16 mins from the University of South Australia Mawson Lakes Campus
• Around 30 mins from Adelaide's CBD
TENANCY:
This property is currently tenanted on a 12-month fixed-term agreement, expiring on the 21st of January 2026.
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Norwood RLA 278530
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Property Details:
Council | CITY OF TEA TREE GULLY
Zone | GN - General Neighbourhood
Land | 780sqm(Approx.)
House | 194sqm(Approx.)
Built | 1970
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
