7 Mahoney Street
Berri, SA 5343

Overview

Entry-Level Investment with Upside

Situated in a peaceful and well-established area of Berri, just 200 meters from Berri Primary School, this sturdy double brick residence offers an affordable entry point into the property market with significant potential for value enhancement.

The home is positioned on a spacious 733 square meter allotment featuring an approximate frontage of 17.8 meters. It boasts solid fundamentals, a practical layout, and excellent opportunities for renovation or improvement, making it an ideal choice for first-home buyers, investors, or renovators aiming to capitalize on future growth.

Inside, the property presents a well-designed floorplan with ample natural light throughout. The lounge area is welcoming and comfortable, featuring dual aspects, a ceiling fan, and air conditioning for year-round comfort. Adjacent to the lounge is an open-plan kitchen and dining space equipped with gas heating, its own air conditioning unit, and an updated kitchen that offers generous storage and electric cooking facilities.

All three bedrooms are carpeted, with two bedrooms benefiting from air conditioning, and the main bedroom also fitted with a ceiling fan. The bathroom is well-maintained and complemented by a separate toilet, enhancing convenience for occupants.

Externally, the property is highly functional. A full-length rear verandah overlooks the yard, providing an excellent outdoor living space. Both the front and rear yards are fenced, offering security and privacy. Vehicle accommodation includes a double carport and a single garage with a concrete floor and power supply, alongside additional shedding and open storage areas. The wide frontage facilitates easy access to the rear yard and offers flexibility for further improvements or additional parking.

Located approximately 1.5 kilometers from the Berri town center, shops, and amenities, this home is well-suited for both owner-occupiers and tenants. With some cosmetic enhancements, there is clear potential to increase both the property's value and rental income, with an estimated rental return of $350 to $360 per week once improvements are completed. This makes it a compelling option for investors seeking strong entry-level returns.

Key Features:

• Solid double brick construction ensuring durability and low maintenance
• Generous 733 square meter allotment with approximately 17.8 meter frontage
• Three bedrooms, one bathroom, and three car spaces providing ample accommodation
• Updated kitchen with ample storage space and electric cooking appliances
• Multiple heating and cooling options for year-round comfort
• Full-length rear verandah ideal for outdoor living and entertaining
• Double carport plus powered garage offering secure parking and storage
• Fenced front and rear yards with additional shedding and storage facilities
• Wide frontage allowing easy access to the rear yard and flexibility for further improvements
• Quiet location close to school and town center amenities
• Council rates approximately $2,456 per annum

Opportunities of this calibre with such potential are becoming increasingly rare. Strong interest is anticipated from both investors and first-home buyers, so early inquiries are highly recommended.

Location