Dual Income Opportunity - $640+pw Potential
**Please Note: 25a is currently leased on a fixed 12-month lease until October 2023 at $285pw**
Mike Lowrie & Chad Wakefield are proud to present this fantastic opportunity set out on a very generous 695sqm of land in the growingly popular suburb of Elizabeth East. With 20m wide frontage square block, the long-term opportunities are abundant.
Set on 1 title but with council approval for 2 separate leases, this property offers an enormous rental return potential of approx. $640pw if leasing both dwellings. Being freshly renovated throughout, the original home offers 3 beds & 1 bath, a completely new kitchen and bathroom and polished timber floorboards.
To the rear/side sits a fully self-contained granny flat, with its own separate water, gas and electricity services. Also being fully renovated to provide a new kitchen, bathroom and 2 good sized bedrooms, this is a unique and value packed proposition! For the astute investor the ultimate set-and-forget addition to your property portfolio.
Step inside and relax in the raked ceiling living room perfect for putting up the feet after a long day at work in the comfort provided by ducted evaporative air conditioning. The kitchen is adjacent the dining room making it easy to prepare and share meals with the family. The kitchen boasts electric cooktop, oven, built in pantry and plenty of cupboard space for your cooking delight.
Tucked away at the rear of the home you will find the sleeping quarters where there are three great sized bedrooms, all boasting built in robes and ceiling fans for your storage needs and comfort. On this corridor you will also find the bathroom with separate toilet for your living convenience.
The WOW factor of this home is the enormous, fully renovated granny flat which is a complete home within itself. Featuring an open plan living, meals and kitchen area with gas cooktop, rangehood, double sink and island bench, this truly is something special. For the astute investor the ultimate set-and-forget addition to your property portfolio.
Either live in the front property or rent out both dwellings, this home is the complete package. You are only a stone’s throw away from Elizabeth East Pre-school, Primary School and bus stop, while the Midway Road shops, medical centre and Spruance oval are just over 5 minutes’ walk and Elizabeth Shopping Centre is less than 5 minutes’ drive. Don’t miss the opportunity to purchase this amazing home offering the endless investment and living opportunities.
Sure to be very popular, this one wont last long so register your interest ASAP.
Year Built / 1976 (approx)
Land Size / 495 & 200 sqm (approx)
Frontage / 20 sqm (approx)
Zoning / R-Residential
Local Council / City of Playford
Estimated Rentals / #25 = $355pw (approx.) #25a = fixed lease at $285pw
Title / Torrens Title
Easements / NIL
RLA 300 185
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd (“the Company”) and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Property Features
- House
- 5 bed
- 2 bath
- Land is 695 m²
- Floor Area is 180 m²
