Jessica Earle and Ray White St Peters are proud to present this solid brick home, built circa 1960, standing as a testament to the enduring quality of its era. Situated on a significant allotment of approximately 780sqm with a commanding 19m frontage (approx.), this property offers exceptional value and scalability. Currently tenanted, it provides an immediate and reliable income stream, making it an ideal acquisition for the savvy investor looking to balance yield with capital growth potential.
For those with a vision for development, this expansive site is a blank canvas ripe for transformation (STCC). The impressive wide frontage and overall substantial block size allow for numerous configurations. Explore the possibilities of a comprehensive subdivision to maximize your return, execute a strategic extension of the existing dwelling, or embark on a renovation to increase future rental demand and property value. Large land holdings of this calibre in established areas are increasingly difficult to secure.
The existing three bedroom home features a practical layout with separate living and dining areas, a functional kitchen, and a central bathroom, providing comfortable accommodation for current occupants. The solid foundations offer a reassuring base for cosmetic upgrades or a complete modern overhaul. The vast rear yard is fully fenced and secure, offering plenty of space for further improvements, vehicle storage, or simply preserving options for future works.
This is a strategic landholding opportunity in a rapidly growing and convenient northern suburb. Whether your goal is to land bank for long term growth, renovate to add value, or dive straight into a development project, the flexibility and scope here suit multiple investment strategies. Don't miss this chance to secure a substantial slice of Elizabeth Downs with undeniable potential.
Key features:
• Three well proportioned bedrooms providing comfortable accommodation
• Central living area equipped with a ceiling fan and air conditioning unit
• Combined kitchen and dining space with functional layout and electric cooking
• Practical bathroom featuring a separate bathtub and shower
• Solid brick construction, built circa 1960, ensuring lasting durability
• Significant allotment of 780sqm (approx.) with a wide 19m frontage (approx.)
• Expansive and secure rear yard featuring a long concrete driveway, carport, and extensive verandah
• Currently tenanted, providing immediate rental income for investors
Elizabeth Downs continues to grow in popularity due to its exceptional value and access to major amenities. Residents enjoy proximity to local primary and secondary schooling, and the beautiful Fremont Park for recreation. The nearby Playford Alive Town Centre and the major Elizabeth Shopping Centre precinct offer unparalleled shopping, dining, and entertainment options. Excellent public transport links, including bus and train services, facilitate an easy commute to the Adelaide CBD and surrounding northern hubs.
Property Details:
Built: Circa 1960
Block Size: 780sqm approx.
Frontage: 19m approx.
Zoning: General Neighbourhood
Council Area: Playford
Council Rates: $508.03 per quarter
Water Rates: $191.85 per quarter
Tenancy: Fixed term @ $450pw
Tenancy Expiry: 23rd September 2027
Rental Estimate - $480 pw - $500 pw
Ray White St Peters RLA328740
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.
