45 Gray Street, Norwood SA 5067

Amongst the like minded stone villas that set leafy Gray Street apart in a pocket of Norwood that offers equal parts CBD and Parade reach, is a 3-bedroom home with rental runs on the board and a beauty of an extension.

Walk for 15 minutes in opposite directions and you will find yourself either at the bustling heart of The Parade or where the east Parklands meets Rundle Street.

Yet, it's mind boggling how quiet this 3-bedroom bluestone launching pad to the pulsating inner east really is.

Whether you're the investor or the inhabitant, the value and charm of polished pine floors, lofty ceilings and simple, symmetrical floorplan are universally appreciated.

So appreciated, that recent rental rates reached as high as $485/week. The sums add up.

Two big, light-filled rooms on either side of the hall equates to four rooms with serious flexibility. Three bedrooms and a formal lounge room loom large.

That 1900-built character and charm aside, it's perhaps the extension – bordering on funky – that elevates those rental returns…

Suddenly the ceilings seem to rise even higher to create the openness we all demand alongside a dining nook, casual living/lounge area and a semi open-plan kitchen with a 900mm freestanding oven and all the potential in the world.

Lots of windows welcome a rear yard with neat gardens, paved courtyard, shed and deceptive room to move, minus the laborious maintenance.

And there's more:

- Efficient split r/c throughout
- Breakfast bar, double sink and plenty of storage to kitchen
- Funky checkerboard flooring to rear
- Walk-through pantry/linen press
- Quality full-height built-in robes to master bedroom
- French door access to gardens/courtyard
- Pergola to paved patio
- Just a short walk from public transport to the CBD, The Colonist and Norwood Oval

Specifications:
CT / 5093/114
Council / City of Norwood Payneham & St Peters
Zoning / RH(C)'12.3
Built / 1900
Land / 349m2
Frontage / 12.19m

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.