The Opportunity of a Lifetime : Ray White Modbury is proud to present this standout property positioning itself as a premier acquisition for savvy investors, developers, and land-bankers alike. Nestled in a highly sought-after pocket of Parafield Gardens, this expansive 737m² (approx.) allotment boasts a commanding, broad frontage of 18 metres or above, making it an absolute textbook candidate for a lucrative multi-dwelling subdivision (STCC - Subject to Council Consent).
High-Spec Solar Infrastructure Included : Future-proofed and highly energy-efficient, the property features a top-tier 6.6 kW Solar System paired with a premium, market- leading Fronius Inverter. This valuable addition drastically slashes electricity overheads, offering an incredible, sustainable selling point for future occupiers or a massive lifestyle benefit for current residents.
Immediate Cash Flow & Strong Yields
• Forget the carrying costs usually associated with development sites! This property is a rare "set-and-forget" asset that pays for itself while you secure your planning approvals.
• Current Rental Income: Securely tenanted at $1,300 fortnightly ($650 per week).
Key Property Features:
• Development Ready Allotment: Substantial 737m² block with an expansive 18m+ frontage-ideal for seamless subdivision designs and maximum block yield (STCC).
• Spacious Internal Footprint: Features a functional 4-bedroom floor plan and a dual-car garage, maintaining strong long-term tenant appeal.
• Premium Infrastructure: No complex government overlays, flat topography, and reliable NBN HFC connection.
• Unbeatable Location: Highly accessible location within close proximity to Parafield Gardens High School, local primary campuses, commuter train lines, and major retail hubs.
What We Love About the Location:
Properties on allocations of this scale are rapidly disappearing in Parafield Gardens. Whether you intend to hold and reap the steady fortnightly rewards or immediately slice the block to capitalize on the booming demand for newly built homes in Northern Adelaide, 38 Lancaster Avenue is a strategic win for your portfolio.
DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.
RLA-352067
For more information, contract details, or to arrange an inspection, contact the team today:
Damanjeet Singh (Principal) | +61 469 851 244 | dj.singh@raywhite.com
Jatin Arora (Associate) | +61 466 466 042 | jatin_arora@raywhite.com
