Sachin Malik from eXp Realty proudly presents this "Old but Gold" gem in one of the south's most in-demand suburbs – Morphett Vale.
Built in 1973, and positioned on a prime 612m² (approx.) north-facing allotment with an impressive 18.3m frontage, this well-maintained family home is packed with potential – whether you're an investor, developer, or future homeowner.
With no easements on the property and a flexible periodic lease at $550/week, this is a secure set-and-forget investment in a booming southern corridor with a potential of future granny at the back( STCC)
🏠 Key Features:
Generous 612m² block with 18.3m wide frontage
North-facing entry – ideal orientation for natural light and design flexibility
Subdivision potential (STCC) – create two blocks and double the opportunity
Solar Panels
One massive car port for multiple car parks
Massive storage as couple of Sheds at the back
Secure front yard with fully fenced boundary and gated driveway – perfect for privacy, safety, and peace of mind
Leased at $550/week – with a long-term tenant keen to stay
3 spacious bedrooms, two with built-in robes
Separet study nook
Two living zones – open plan lounge + oversized family room
Dedicated home office/study space
Updated kitchen with dishwasher & ample storage
Gas heating & ducted evaporative cooling
Roller shutters throughout for security and energy efficiency
Outdoor entertaining area – all-weather usability
Massive rear shed/workshop with power + secure carport
Low-maintenance landscaping & plenty of off-street parking
No easement – rare advantage for developers or future plans
**Potential of Granny Flat at the back- Solid Future Return ( Subject to Council Approval)
💵 Investor Snapshot:
Current Rental Income: $550/week (periodic lease)
New Rental Appraisal : $600 weekly (Available on request)
Approx. Annual Outgoings:
Council Rates: $1,600/year( Approx)
Sewerage: $300/year (Approx)
Building Insurance: $700/year (Varies)
** Interested buyers can ask for a periodic lease showing current rent and a new rental appraisal can be provided on request.
📍 Location Highlights:
Quiet, family-friendly street with strong owner-occupier presence
Zoned for Wirreanda Secondary School
Close to Flaxmill & Pimpala Primary Schools
Minutes to childcare centres and early learning
5 mins to Colonnades Shopping Centre
Public transport, parks & walking trails nearby
Just 10 minutes to southern beaches
Only 30 minutes to Adelaide CBD via the Southern Expressway
This property ticks all the boxes: a quality tenant, a sought-after location, and future development flexibility (STCC). Whether you're looking to expand your portfolio or explore development potential, this is a rare offering you don't want to miss.
**Please Note: Photos and floor map used in this listing are from a previous campaign and may not reflect the property's current condition due to tenancy. Updated presentation may vary and will be evident during inspection**
📞 Enquire Today – Rare Opportunity with Future Upside!
👉 Submit Your Offer: Submit Here:
https://www.jotform.com/form/251458798455878
📱 Contact Sachin Malik – 0424 485 546
🏡 Licensed Real Estate Agent – eXp Realty
RLA 332693 | RLA 300185
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website
Disclaimer:
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
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