Positioned on a generous 652sqm (approx.) allotment with an impressive 16.76m frontage, this well-located property presents an exceptional opportunity for developers, investors, and land-bankers alike. Zoned Urban Renewal, the site offers outstanding subdivision and development potential (STCC), making it an ideal prospect to capitalise on future growth in this increasingly popular and well-connected area. With strong demand for new housing and favourable zoning in place, this is a prime opportunity to unlock the full potential of this substantial parcel.
The existing home offers comfortable accommodation, featuring three well-proportioned bedrooms, two complete with built-in robes, and all equipped with ceiling fans for added comfort. A light-filled open-plan lounge and dining area creates a welcoming central hub, flowing seamlessly through to the functional kitchen and adjoining meals area. The bathroom is neat and well maintained, while the home also offers the convenience of both a single carport and a separate single garage.
Currently tenanted, the property provides immediate rental income, allowing investors and developers to benefit from holding returns while planning and securing approvals for future subdivision or development.
Ideally situated amongst a wide range of lifestyle amenities, the home is within easy reach of local shopping options including IGA and KSM, while major retail hubs such as Churchill Centre, Costco, Northpark Shopping Centre, and the vibrant Prospect Road precinct are just minutes away. Families will appreciate the proximity to quality schools including Enfield Primary School, St Brigid's School, Prospect North Primary School, Roma Mitchell Secondary College, Cedar College, Prescott College, and Blackfriars Priory School. Enjoy nearby green spaces such as Barton Street Reserve and Carol Martin Reserve, both just a short stroll away, while the Adelaide CBD is conveniently located only approximately 10km from your doorstep.
Offering immediate income, significant land value, and exciting future development potential, this is a rare and rewarding opportunity in a high-growth Urban Renewal location.
*Fixed lease until March 2027 at $1,140 per fortnight*
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.
RLA 322799
Property Details:
Council | Port Adelaide Enfield
Zone | Urban Renewal Neighbourhood
Land | 652sqm(Approx.)
House | 159sqm(Approx.)
Built | 1949
Council Rates | $1345 pa
Water | $195 pq
ESL | $153 pa
