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Overview
Positioned in one of Morphett Vale's most sought-after locations, this well-maintained family home offers a rare opportunity for investors, developers, builders, or future owner-occupiers. The property is currently tenanted, providing an immediate rental income with the lease securing $550 per week until 6 March 2027.
Set on a generous 610 square metre allotment, this property boasts an 18.2-metre frontage and over 33.5 metres of depth. Located within the General Neighbourhood Zone, it presents exciting future development potential, subject to necessary consents and approvals.
Property Features
- Spacious formal lounge and dining area providing comfortable living spaces
- Modern centrally located kitchen equipped for family meals and entertaining
- Four generously sized bedrooms, all featuring built-in robes for ample storage
- Multiple living areas including a large family room overlooking the secure rear yard
- A well-appointed bathroom offering both convenience and style
- Year-round comfort ensured by reverse cycle air conditioning and a combustion heater
- Neutral décor throughout, allowing easy customization to suit any style
Outdoor Features
- Drive-through lock-up carport with roller door facilitates secure parking
- Vehicle access to a freestanding iron garage/workshop, ideal for projects or storage
- Ample off-street parking spaces available for multiple vehicles
- All-weather patio/pergola perfect for outdoor entertaining and family gatherings
- Large, fully fenced rear yard offers a safe environment for children and pets
Location Highlights
- Situated in a thriving, family-friendly neighbourhood offering convenience and lifestyle benefits
- Close proximity to local shopping centres, schools, parks, and essential amenities
- Easy access to the Southern Expressway for efficient commuting to Adelaide CBD
- Short driving distance to Adelaide's beautiful southern beaches
- Convenient access to the renowned McLaren Vale wine region for leisure and lifestyle
Additional Property Information
- Zoned under the General Neighbourhood (GN) classification
- Constructed in 1973, reflecting a solid build with potential for modernization
- Current tenancy provides rental income at $550 per week until March 2027
- Council rates estimated at approximately $1,969 per annum
- Emergency Services Levy approximately $284 per annum
- SA Water charges around $184 per quarter
This property represents an outstanding chance for secure investment, future development, or a well-positioned family home in a popular location. Its combination of immediate income, sizeable land, and development prospects make it a worthwhile opportunity to consider.
The property's layout, features, and location contribute to its desirability, catering to a range of buyers and investors.
Local Market Insights
In Morphett Vale, Quiet Listings observed 38 new houses entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $811,553. The property type mix of listed properties is predominantly Houses at 78%, followed by land (14%), and units (6%). Magain Real Estate was the most active agency in this area, representing 53.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Reduced $738k - $778k | |
| New Price $739k - $779k | |
| $749k - $799k |
Location
Morphett Vale SA 5162
Market Insights for Morphett Vale SA 5162
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