Ray White St Peters and Team McDevitt are proud to present a landmark opportunity for ambitious developers and forward thinking investors in a highly sought after foothills pocket. Situated within the flexible Urban Renewal Neighbourhood Zone on a substantial 700sqm allotment approx. with a wide 16.4m frontage, this site offers extraordinary high density development potential. The expansive block provides a perfect canvas to capitalise on modern architectural designs, including the potential for up to 4 to 6 premium row dwellings (subject to council consent).
While you finalise plans for your next major project, the property delivers an immediate, high yield financial return to effortlessly support your holding strategy. The 1955 built home is currently tenanted on a Periodic Lease returning an impressive $800 per week, offering immediate cash flow from day one. Additionally, the roofline features a substantial solar panel array, keeping ongoing energy costs exceptionally low and further enhancing the long term rental appeal for your tenants.
The location is second to none, placing world class amenities and pristine recreational green spaces right on your doorstep. The incredible lifestyle and convenience of the area place you within easy reach of Flinders University, Flinders Medical Centre, and the ultra convenient Flinders Train Station. Directly across the road, the sweeping green expanses of the Women's Memorial Playing Fields provide an enviable natural backdrop, ensuring a highly desirable location that will always attract premium buyers and tenants alike.
Unmatched connectivity sets this property apart as an elite investment destination. With stunning elevated outlooks toward the distant Adelaide CBD skyline, the allotment enjoys seamless commuter access via South Road and the Southern Expressway. Families and students are beautifully accommodated with premium educational choices nearby, falling within close proximity to excellent local schools like Eden Hills Primary School and Hamilton Secondary College, completing a flawless blueprint for future capital growth.
Key features:
• Two bedrooms
• Functional central bathroom
• Spacious primary living area
• Practical kitchen layout with standard cooking appliances
• Large 700sqm approx. allotment
• Expansive backyard with excellent clearance and open lawn areas
• Substantial roof mounted solar panel array for maximum energy efficiency
• Generous 16.4m wide frontage providing superb development access
• Strategic high density zoning within the Urban Renewal Neighbourhood Zone
Bedford Park offers a vibrant, highly connected lifestyle nestled right where the Adelaide foothills meet the southern plains. The suburb is renowned as a premier medical and educational hub, anchored by the expansive campuses of Flinders University and the Flinders Medical Centre. Daily shopping and dining are incredibly convenient with Westfield Marion just a short drive away, while local cafes provide excellent community gathering spots. Recreational enthusiasts will love the direct access to the Women's Memorial Playing Fields, walking trails, and nearby coastal beaches, while the Flinders Train Station, South Road, and the Southern Expressway ensure an effortless commute straight into the heart of the Adelaide CBD.
Property Details:
House Size: 85sqm approx.
Built: 1955
Block Size: 700sqm approx.
Frontage: 16.4m
Zoning: Urban Renewal Neighbourhood Zone
Council Area: Mitcham
Council Rates: TBC
Water Rates: TBC
Tenancy: Periodic Lease ($800 per week)
Price Guide: The property is being offered by way of public auction. No price guide will be given under the vendors' instruction, however recent sales data will be provided upon request via email and at the open inspections.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
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.
