Attention Investors and Developers! This great home on a 776sqm corner allotment in a prime location offers the price, position and potential you’ve been looking for! Such a bargain buying opportunity, with a high rental demand and yield and additional subdivision potential utilizing the wide dual frontage does not come often.
The 1960 solid home comprises of 3 bedrooms, large lounge room, combined meals area with rejuvenated kitchen, timber floors, gas heater and air conditioning unit. There is also a rear pergola area, car garage, garden shed, two large rain water tanks, and security fencing all on low maintenance grass gardens suitable to secure any local tenant. You are also about 3 minutes drive both Elizabeth Shopping Centre and Munno Para Shopping City, with easy access to public transport and local parks offering both a prime position and a premium investment opportunity.
The rental estimate for this property is approximate $235 - $240 per week (subject to an inspection by a Property Manager) with high demand for homes in the area. Current vacancy rates for the Elizabeth North are approximately over 1 % (depending on the source of information) allowing you to buy and get an instant income.
The land has a wide frontage of approximately 21 metres and is completely easement free for great subdivision potential (STCC). With our historically low interest rates currently on offer, now is your chance to put a little money down to secure a great asset.
There is also a $400m Elizabeth town centre project in the pipeline that will boost the whole local area so this may be a future money maker to create your wealth.
This home offers instant income and is a developers dream or a land lords nest egg overflowing with opportunities. So do your numbers and put in an offer.
Phone Mike Lao now to inspect
Council / City of Playford
Built /1960
Land / 776m2
Approx rental range / $235-$240
▶
