Positioned on a substantial 837sqm (approx.) allotment in a quiet cul-de-sac, 5 & 5A Ellen Court presents an increasingly rare opportunity to secure two established dwellings on a single title, delivering immediate dual rental income and the potential for a positively geared* holding, alongside exciting future subdivision prospects (STC).
Whether you're an investor seeking strong cash flow potential, a developer looking to unlock future value, or a buyer wanting a versatile property with dual income streams, this is a unique offering that stands out in today's market. With two independently functional homes already in place and concept plans illustrating the potential for subdivision, it offers the flexibility to enjoy income now while exploring future development options, subject to all necessary consents.
The primary residence offers comfortable family living with multiple living zones, a well-appointed kitchen, separate dining area, family room and lounge, along with three bedrooms, including a master bedroom with its own spacious retreat. A double carport, generous outdoor space and practical layout further enhance its appeal for both owner-occupiers and long-term tenants.
The second dwelling provides an excellent supplementary income stream, featuring two bedrooms, open-plan living and dining, a functional kitchen, separate laundry and private outdoor entertaining area. It's ideal for long-term tenants, extended family accommodation or additional rental flexibility within the one holding.
Set on a corner-style allotment with excellent access and favourable dimensions, the property's development credentials are immediately evident. Investors can benefit from rental returns from both homes while considering future subdivision opportunities (STC), creating an attractive blend of income, land value and long-term growth potential.
Features You'll Love:
837sqm (approx.) allotment
Two dwellings on one title
Dual rental income from two established homes
Compelling investment opportunity with strong cash-flow potential*
Subdivision potential, subject to all necessary consents (STC)
Main residence with multiple living areas
Secondary dwelling with private accommodation and outdoor space
Double carport to main residence
Additional carport and shedding
Split-system air conditioning
Quiet cul-de-sac location
Excellent landholding with future upside
Located within easy reach of local schools, shopping centres, public transport and reserves, Salisbury East continues to be a popular choice for families, investors and developers alike. Enjoy convenient access to Saints Shopping Centre, Parabanks Shopping Centre, local parks and walking trails, while remaining only a short drive from key employment and lifestyle hubs, including Tea Tree Plaza, Mawson Lakes, and the Adelaide CBD.
For more information call Paul Whitney on 0433 273 034 or Justin Harrison on 0481 569 273 We look forward to meeting you at our open home.
Specifications:
CT / 5095/956
Council / Salisbury
Zoning / GN
Built / 1984
Land / 837m2 (approx)
Council Rates / $1367.05pa (5 Ellen) | $1288.30pa (5A Ellen)
Emergency Services Levy / $ 133.55pa (5 & 5A Ellen combined)
SA Water / $ 176.30pq (5 & 5A Ellen combined)
Estimated rental assessment /
- 5 Ellen Court $600 - $650 per week
- 5A Ellen Court $450 - $500 per week
- Combined Rental Return $1,050 - $1,150 per week
Written rental assessment can be provided upon request
Nearby Schools / Madison Park School, Brahma Lodge P.S, Salisbury Park P.S, Salisbury P.S, Gulfview Heights P.S, Salisbury East H.S
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. *Any reference to positive gearing is general in nature and does not constitute financial or tax advice. Whether this property is positively, neutrally or negatively geared for you will depend on your individual circumstances, including purchase price, rental returns, interest rate, loan structure and tax position. Buyers should make their own enquiries and obtain independent financial and tax advice before relying on any cash flow or gearing outcomes. RLA | 330069
