Sold Price : $550,000
Sold Date : 2022-11-03

Massive Dual income opportunity on a 1024 m2 Block!

Krish Gajera from exp realty Proudly present this Opportunity set out on a very Generous 1024 m2 of land in the growingly popular suburb of Elizabeth Downs. With 25.4 mt (Approx) Frontage and 40.07 mt (aprox) Deep Square block, the long term Opportunity are abundant.

By No mistake this Property will be sold soon. So be quick and enquire now before its sold.

Set on 1 Title but Counil approval for 2 separate leases, this property offers enormous rental return potential of approx. $620/week for both dwellings. Original home offers 3 bed & 1 Bath house.

5 Turnbull road currently under periodic lease and renting $310/week
7 Turnbull road currently tenanted under fixed term lease until 1/9/24 @$310/week

Most importantly one more pair of semi detached house also available for sale just behind this 2 dwelling which makes this property great development potential

Whether you want to live in one property and rent out the other, helping to pay down the mortgage or enjoy two rental properties in one, you are sure to love this amazing opportunity.

There is a total of 6 bedrooms, 2 bathrooms and plenty of off road parking for the whole family. This will serve as the hub of daily life and will be a favourite place to gather whether you're watching a movie with the kids or simply relaxing at the end of the day.

Features that you love!
* 3 Good size bedroom each dwelling
* Separate Lounge on each dwelling
* Close to shops and schools
* Good rental return of $620/week for both dwelling

The location is certainly hard to beat. You'll have Elizabeth Downs Primary school just a short stroll away, and there are also local shops and bus stop nearby. Argana park and the munno para shopping city in just minutes while quick access to main north road makes for a hassle free commute.

Call Krish Gajera to inspect! M-0425132642

Inspections by Appointment only.

If You Would like to Submit an Offer, Please Use this This link


If you would like to find out How Much Your House worth, Please click this link


Year Built / 1960 (approx)
Land Size / 1024 sqm (approx)
5 Turnbull - 512sqm
7 Turnbull - 512sqm
Frontage / 25.4 m (approx)
Zoning / GN-General Neighbourhood
Local Council / City of Playford
Council Rates / $1,300 pa per property (approx)
Water Rates (excluding Usage) / $500 pa per property (approx)
Es Levy / $90 pa per property (approx)
Title / Torrens Title
Easements / Subject to service easement & party wall rights - See title
Construction / Solid Brick & Brick Veneer
Build year: 1960

RLA 300 185

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