24 The Pines Grove, Paralowie SA 5108

Are you looking for an excellent investment opportunity or fantastic first home? Then this is the perfect pick for your property portfolio or a great stepping stone start. With a winning combination of a prime position with renovation potential at a bargain buy, you can chose to rent out and reap the rewards or redecorate to create your dream home.

Perfectly located on a quiet street facing a reserve, you'll find this excellent 1977 built home situated so conveniently close to all of Paralowie's best amenities. You are just around the corner from Paralowie R-12 school, local Foodland shops and public transport. There are several nearby parks, ovals and wetlands as well as learning centre, kindergarden, Salisbury North Primary school and medical centre making this the ideal location.

The home comprises of a large lounge room, a combined kitchen and meals area in good original condition and 3 bedrooms with a large rumpus extension with built in bar for a great second living and entertaining area or it can also be utilized as a fourth bedroom to boost your rental yield. Outside there is a single carport, side gate leading to a sizable shed, pergola and paved area to complete this excellent home. Prime for you to paint and profit or renovate and redecorate - this home is the perfect project at the perfect price.

Previously tenanted at $290 per week to great tenants. There is a high rental demand for homes in Paralowie and current vacancy rates are approximately 1% and with historically low interest rates, now is your chance to put a little money down to secure a great asset.
The home sits on a sizeable 655 sqm (approx) square allotment with a 21 meter frontage of low maintenance gardens ideal for an investment property or busy family lifestyle. With two large land and housing developments close by - Parkfield Estate and Greentree Walk this is a great opportunity to benefit from the building boom. This home is a rental with potential and an opportunity for you to purchase now and ponder the possibilities for profit later or secure a great family home in an ideal location for you to create your dreams.

For further information call Mike Lao now!

Curious about the value of your home in Paralowie, contact Mike Lao

Council / City of Salisbury
Built / 1977
Land / 655sqm
Internal / 224.4sqm
Currently rented at / $290pw