20 Mingbool Avenue, Pasadena SA 5042

Auction Location: On Site

Discover a prime investment opportunity at 20 Mingbool Avenue, Pasadena. This inviting solid brick home offers a strategic entry into a steadily growing market. Boasting north facing living, 3 good size bedrooms, an updated bathroom, and a functional updated kitchen with meals area, this property is designed for easy maintenance, tenant appeal, occupy or perhaps development.

Investors will appreciate the property's enduring lease to a long-term tenant, offering immediate returns. (Current lease expires in March 25) The robust potential for subdivision (subject to consents) enhances the appeal, adding a remarkable value uplift to this 760 sqm (approx.) allotment with a 17.68 m (approx.) frontage.

The neat, low-maintenance gardens and substantial rear verandah provide an ideal outdoor setting. Reverse cycle air conditioning ensures year-round comfort. The undercover parking for two vehicles, coupled with a handy rear shed, adds to the practicality and convenience of this home.

Pasadena boasts a strategic location with its proximity to key amenities. The nearby Pasadena Shopping Centre caters to all retail needs, while Flinders Medical Centre and Flinders University are easily accessible, making this property highly attractive to professionals and students alike. This boosts the rental demand in the area, providing investors with consistent tenant interest.

For those looking for an entry-level investment, this property also presents a first home buyer opportunity, contributing to a versatile investment strategy that can adapt as market conditions evolve. The substantial rear yard is perfect for families, enhancing its competitive market positioning.

This property opportunity extends beyond a mere residence; it invites strategic investors to capitalise on its scalability, low-maintenance characteristics, and premium location. Secure your stake in the flourishing Pasadena market today and watch your investment grow.

Local council: Mitcham
Council rates: $1,448.75pa approx.
Land size: 760 sqm approx
Year built: 1960
Frontage: 17.68 m approx.
SA Water rates: $176.57 p.q. approx.