Some properties offer more than just a place to call home - they offer flexibility, opportunity and the potential to create something truly special. Since its construction in 1966, 22 Railway Terrace presents a rare opportunity to secure a character-filled home on an expansive allotment, complete with additional self-contained granny-flat and exciting possibilities for the future.
Set on a substantial allotment of approximately 1,288m², this versatile property offers a unique combination of comfortable living, potential dual-income opportunities and future development potential (STCC), making it an appealing prospect for homeowners, investors and developers alike.
The main residence features three bedrooms, a central bathroom, and an enclosed verandah, providing generous space for everyday living. A separate rumpus room adds further flexibility, whether used as a second living area, children's retreat, home office or space to entertain family and friends. The property also features multiple sheds, providing ample storage, workshop space or room for hobbies, tools and equipment, and car storage, adding further practicality and versatility to this already appealing offering.
Adding significant value to the property's versatility is a self-contained granny flat at the rear, complete with its own kitchen and bathroom. Ideal for extended family, independent living for older children or accommodating guests, this additional dwelling also presents the opportunity to establish a separate tenancy and generate supplementary rental income. For investors seeking to maximise the potential of their assets, the existing dual-accommodation setup offers an attractive opportunity to explore additional income streams.
Throughout the home, original features reflect the charm and character of its era. Lovingly cared for over the decades, the residence offers the opportunity to move straight in and enjoy its existing comforts or gradually renovate and modernise to suit your own style while retaining its timeless appeal.
A LARGE ALLOTMENT WITH OPTIONS FOR THE FUTURE
Beyond the existing accommodation, the property's substantial landholding opens the door to exciting possibilities. Whether you're looking to secure a long-term investment, explore future redevelopment or investigate potential subdivision opportunities, the generous allotment provides a compelling foundation for your plans.
With its sizeable land area and versatile existing improvements, this is a property that invites buyers to think beyond the present and consider what the future could hold. Developers and astute investors are encouraged to investigate the site's potential, with any redevelopment, subdivision or additional dwelling opportunities subject to the necessary council approvals, planning requirements and conditions (STCC).
The opportunity to combine an established residence, a separate granny flat and a substantial parcel of land makes this an offering with multiple possibilities - whether your vision is to generate rental income, renovate and add value, accommodate extended family or explore the site's longer-term development prospects.
MORE FEATURES TO LOVE
• Substantial allotment of approximately 1,288m²
• Three-bedroom main residence with central bathroom
• Self-contained rear granny flat with its own kitchen and bathroom
• Potential for separate tenancy and supplementary rental income, subject to relevant requirements
• Enclosed verandah providing additional living space
• Separate rumpus room with versatile usage options
• Original character features reflecting the home's 1960s heritage
• Expansive backyard offering room to enjoy, improve or reimagine
• Multiple sheds providing additional storage and workspace
• Potential to renovate, enhance or explore future development options (STCC)
• Appealing opportunity for homeowners, investors and developers
A CONVENIENT CHELTENHAM LIFESTYLE
Positioned in the established suburb of Cheltenham, the property enjoys a relaxed suburban setting with everyday amenities within easy reach. Cheltenham Railway Station and nearby bus services provide convenient connections across Adelaide, while the nearby St Clair precinct offers shopping, dining and lifestyle conveniences.
Local schools, recreational facilities and Adelaide's coastline are also within reach, with convenient access to the city and surrounding western suburbs adding to the appeal of this well-connected location.
A PROPERTY WITH MORE THAN ONE OPPORTUNITY
Whether you're searching for a family home with room to grow, a property offering flexible accommodation and potential additional rental income, or a substantial allotment with future development possibilities, 22 Railway Terrace deserves your attention.
With its enduring character, self-contained rear accommodation and generous landholding, this is an opportunity to secure a property that offers flexibility today and the potential to create even greater value tomorrow.
BEST OFFERS BY 3 NOVEMBER AT 5:00PM
An exceptional opportunity to secure a substantial property with outstanding versatility and exciting future potential. All interested buyers are encouraged to submit their best offers by 5:00pm on Tuesday, 3 November 2026, unless sold prior. Don't miss your opportunity to make 22 Railway Terrace, Cheltenham yours.
Discover the possibilities at 22 Railway Terrace, Cheltenham.
Contact Michael Cavallaro on 0403 527 317 for further information.
