*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/hTpr8
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market 15 & 17 Fatchen Street, Elizabeth Grove, an exceptional investment or development opportunity offering dual income and future growth potential!
Sitting proudly on a generous 1,020sqm (approx.) allotment with a wide 27m frontage, this rare pair of two semi-detached homes on one title presents immediate returns and future flexibility. With a small easement located in the back corner, the property also offers development potential (Subject to Approval from Council & All Other Relevant Authorities - STCA), making it ideal for investors, large families, or developers alike.
Both homes are currently tenanted, returning a combined income of $765 per week, allowing you to start earning from day one. Whether you choose to hold and collect strong rental returns, renovate to add value, or explore redevelopment options, the possibilities are vast.
Each home offers a practical layout with an air-conditioned lounge room, open-plan kitchen and meals area with electric appliances, and a separate laundry and bathroom positioned at the rear. No. 15 features three bedrooms, all set along the front of the home with easy-care vinyl flooring while No. 17 offers two comfortable bedrooms, both carpeted and positioned to the side for added privacy.
Outside, both homes feature spacious backyards with plenty of scope to enhance, extend or landscape to your preference (STCA). With wide driveways and gated access, there's ample off-street parking and room for outdoor improvements.
Key features you'll love about this home:
- Pair of two semi-detached homes on one title
- Total 1,020sqm block (approx.) with 27m frontage
- Combined rental income of $765 per week
- Air-conditioned living areas
Enjoy everyday convenience with Elizabeth City Centre, Elizabeth South shops a short drive away. You can walk to the local bus stop plus Seacombe Street Reserve complete with basketball/tennis court, picnic tables and football goal is just around the corner. Families will appreciate the choice of nearby schools including Elizabeth Grove Primary School, Playford International College, St Mary Magdalene's and Pinnacle College, while commuters will appreciate the easy 35-minute drive to the Adelaide CBD.
Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!
Year Built / 1962 (approx)
Land Size / 1,020sqm (approx)
Frontage / 27.09m (approx)
Zoning / HDN-Housing Diversity Neighbourhood
Local Council / City of Playford
15 Fatchen Council Rates / $1,684.54pa (approx
17 Fatchen Council Rates / $1,783pa (approx)
Water Rates (excluding Usage) / $705.20pa per property (approx)
15 Fatchen Es Levy / $91.75pa (approx)
15 Fatchen Es Levy / $101.20pa (approx)
15 Fatchen Current Rental / Fixed lease of $400pw until 29/7/26
17 Fatchen Current Rental / Fixed lease of $365pw until 13/8/26
Estimated Rental / $400-$440pw
Title / Torrens Title 5268/569
Easement(s) / Subject to service easement for sewerage - See title
Encumbrance(s) / Nil
Internal Living / 121.4sqm (approx)
Total Building / 132.6sqm (approx)
Construction / Solid Brick
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/APgLZU
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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