14 Marshman Street, Davoren Park SA 5113

Renovate and redecorate to reap instant rental rewards or rip down and redevelop utilizing the 24.1 meter (approx) frontage (STCC), 740sqm allotment and Residential Regeneration council zoning you can ponder the possibilities for profit. With the multimillion dollar Playford Alive urban renewal project transforming Peachey road with significant upgrades to the streetscape, as well as improving local community facilities, you can invest and be part of the housing and development boom of the Northern Adelaide.

This 1965 built home comprises of a large L-shaped lounge and dining room, galley kitchen, three bedrooms all with ceiling fans, an upgraded bathroom, separate toilet and laundry in good original condition to attract any local tenant. The flexible floor plan also allows for a second living area - either a family or rumpus room and a separate room suitable as a study or store room with additional outside features such as the semi enclosed verandah, extra long carport and two sheds for storage to increase your rentabilty and returns. The home is ripe for a renovation, where you can paint, polish and prosper to create instant equity and depreciation value - you can do the numbers and decide.

The rental estimate for this property is approximately $270 per week (subject to an inspection by a Property Manager) with high rental demand for homes in the area. Current vacancy rate for Davoren Park is approximately over 1% (depending on the source of information) allowing you to buy and get an instant income.

The 740 sqm (approx) allotment has a wide frontage of 24.1 meters (approx), 36.5 meters (approx) in depth and is both even and easement free for excellent subdivision potential (STCC). Zoned residential regeneration, the local council encourages new affordable housing developments as part of their urban rejuvenation plan and there are pockets of new homes nearby around Gerald Boulevard.

Perfectly located conveniently close to many local facilities, find yourself approximately 5 minutes walk away from Elizabeth field local shopping centre, bus stop, Para West Adult education campus and both Kalara and Arura Reserve.

This home offers instant income, renovation and recapitalization potential for the astute investor and is a developers dream. With the combination of historically low interest rates on offer and the Playford Alive Project transforming the local area, this home is overflowing with opportunities. For further information or for an inspection call Mike Lao now!



Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
http://raywhitesalisbury.com.au/sell/property-appraisal/

Council / City of Playford
Built / 1965
Land / 740sqm (approx)
Internal /124sqm (approx)
Approx rental range / $270pw periodic