Under Contract
4 Bed • 2 Bath • 4 Car • 711m²
New
Under Offer
Under Offer
16 Rosemary Terrace, Morphett Vale SA 5162
Under Contract
- 4Bed
- 2Bath
- 4 Car
- 711m²
House under offer
Home loan calculator
The monthly estimated repayment is calculated based on:
Listed display price: the price that the agent(s) want displayed on their listed property. If a range, the lowest value will be ultised
Suburb median listed price: the middle value of listed prices for all listings currently for sale in that same suburb
National median listed price: the middle value of listed prices for all listings currently for sale nationally
Note: The median price is just a guide and may not reflect the value of this property.
What's around Rosemary Terrace
House description
“5.2% Gross Return with lease in place ($32,240pa) until March 2026.”
Zoned Housing Diversity Neighbourhood (HDN), The opportunity is rare to be able to have a secure tenant and 5.2% (based on a $620,000 purchase price) gross rental return whilst lodging development applications. Refer to www.sappa.plan.sa.gov.au for development requirements. Deemed-to-Satisfy (DTS) and Performance Outcomes (PO) opportunities with possible reductions up to 20% on created allotment sizes after concessions under the Affordable Housing Scheme-Performance Outcomes (PO) and Deemed-to-Satisfy (DTS) Criteria / Designated Performance Feature (DPF)
This exceptional opportunity to acquire a corner allotment, with a dwelling in the heart of Morphett Vale is not to be missed. The 4-bedroom, 2-bathroom residence, built circa 1972, is nestled on a generous 711 sqm allotment, offering a perfect blend of comfort and practicality. Featuring a 3-car garage, ample street parking, and a tranquil, private backyard—complete with a shed—that promises serene relaxation and delightful family gatherings.
The property has a long-term tenant with a fixed-term lease in place until March 2026 with a weekly rent of $620/week providing a gross return of 5.2% with the tenant maintaining the property and any *maintenance requirements during the lease. Of note the tenant will, when written into the tenancy agreement with the purchaser, allow subdivision/development if requested. *subject to requirements within the Residential Tenancies Act 1995. *The purchase Contract will meet the requirements of all parties conducive.
Whether you're a developer or investor, this property is designed to meet a variety of needs. Its prime location is especially appealing for families or individuals seeking a lifestyle that balances suburban tranquility with the convenience of having shops, schools, and recreational facilities within close proximity. The sought-after zoning of Housing Diversity Neighbourhood-HDN zone supports a diverse range of development options.
**This property is not suitable for owner-occupiers as there is a lease in place until MARCH 2026**
To view your next investment or development opportunity contact Simon Paterson and Vin Sharma on 0883811111.
Property features
Air Conditioning
Land details
Interactive media & resources
What's around Rosemary Terrace
Inspection times
Contact the real estate agent
Simon Paterson
Century 21 - Paterson Properties
Send an enquiry
Nearby schools in and around Morphett Vale, SA
Top reviews by locals of Morphett Vale, SA 5162
Discover what it's like to live in Morphett Vale before you inspect or move.
Discussions in Morphett Vale, SA
Wondering what the latest hot topics are in Morphett Vale, South Australia?
Similar Houses for sale in Morphett Vale, SA 5162
Properties for sale in nearby suburbs
- 4
- 2
- 4
- 711m²