*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://shorturl.at/zGvUU
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market this exceptional opportunity to acquire two side-by-side properties on one title, offering immediate rental returns and outstanding future development potential. Both homes are currently leased to long-term tenants on fixed leases, generating a combined income of $505 per week. The convenient location will impress a wide range of astute house-hunters, as will the expansive 966sqm approx land size offering plenty of potential.
The entries open to reveal living zones that feel bright and inviting, and are complete with split-system air-conditioning to ensure comfort year-round. Each abode has a front lounge room and combined kitchen and meals area, ensuring plenty of room to gather with loved ones or host guests in comfort and style.
Both kitchens are equipped with an electric cooktop and oven, easy-care vinyl flooring and plenty of cabinetry and overhead cupboards to hold cooking essentials.
Accommodation is well catered for with all 6 bedrooms featuring soft carpet flooring. The bathrooms in both homes contain a convenient showerbath and separate toilet. Both laundries are functional and well-maintained with a trough and external access doors.
Step outside to discover expansive rear yards that offer plenty of scope for transformation. There's room for future extensions, landscaping, or redevelopment down the track, making this a property with excellent future potential (Subject to Approval from Council & All Other Relevant Authorities - STCA)
Key features you'll love about this home:
- Two semi-detached homes on a 966sqm approx block
- Dual incomes offered on a single title
- Reverse-cycle split-system air-conditioning in both lounges
- New switchboards, smart electricity meters and electric storage hot water systems installed at both properties in the last 6 months
- Off-street parking behind double gates at both residences
Nestled in a growing neighbourhood, this property is close to schools, parks, shopping centres, and public transport - ensuring strong rental demand and future capital growth. You are within walking distance to the local bus stop and Argana Park, offering access to multiple sporting clubs. Shopping options abound with Munno Para Shopping, Parks Shopping and Elizabeth City Centres all nearby. Families will appreciate the proximity to Elizabeth Downs Primary School and Craigmore High School. Plus, with the Adelaide CBD just 40 minutes away and the renowned Barossa Valley a short 30-minute drive, this location offers both convenience and lifestyle appeal.
Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect!
Year Built / 1960 (approx)
Land Size / 966.6sqm (approx - sourced from Land Services SA)
Frontage / 24.38m (approx)
Zoning / GN - General Neighbourhood
Local Council / City of Playford
Council Rates / $1,761.91pa per property (approx)
Water Rates (excluding Usage) / $705.20pa per property (approx)
Es Levy / $99.20pa per property (approx)
11 Johnston Current Rental / Fixed lease of $255pw until 5/11/2026
13 Johnston Current Rental / Fixed lease of $250pw until 19/3/2026
Estimated Rental / $400-$440pw per property
Title / Torrens Title 5853/812
Easement(s) / Service Easements for Sewerage Purposes to SA Water - See Title
Encumbrance(s) / Nil
Internal Living / 147.2sqm (approx)
Total Building / 158.6sqm (approx)
Construction / Brick Veneer
Gas / Not Connected
Sewerage / Mains
Selling Investment
For additional property information such as the Certificate of Title, please copy and paste this link into your browser: https://vltre.co/q4rvp7
If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.
Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/
Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
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