CHARACTER ASSET WITH INCOME, APPROVAL AND STRATEGIC UPSIDE

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49 (Lot 1) Adelaide Road, Gawler South SA 5118

$999k

Search Band Search Visibility Band

$900k - $950k High Confidence Calculated based on strong search observations.

House 4 Beds 3 Baths 3 Cars 655 m²

Listed: 5th Jul 2026

Updated: 20th Aug 2026

Overview

Located on one of Gawler's key arteries, this distinctive property offers a rare blend of established character and strategic investment potential. The combined stone residence includes three self-contained units—two one-bedroom and one two-bedroom—providing a diversified rental income that currently yields approximately $50,000 per annum. This setup minimizes vacancy risk and enhances consistent cash flow, appealing to savvy investors looking for a resilient income stream.

The property's approved use extends beyond traditional residential, with planning approval for tourist accommodation, which has previously generated substantial gross weekly income as a short-stay facility. This versatile approval could provide future owners with an alternative revenue source, subject to operational and council requirements.

Set on a generously sized 655sqm block with prominent frontage, the property benefits from high visibility and accessibility, nestled in an area characterized by a mix of residential and local business activity. The combined landholding and exposure present considerable opportunities for future repositioning or redevelopment in line with local planning guidelines.

For buyers seeking a substantial footprint, there is the option to acquire the adjoining allotment, expanding the holding to 1175sqm on a prominent corner site. This larger parcel offers potential for more ambitious development projects, creating unique possibilities in this sought-after corridor.

Immediate income with three leased units
Planning approval for tourist accommodation enabling alternative income
Prominent location with strong exposure
Potential for combined larger landholding with neighboring allotment

This property represents a versatile asset catering to investors seeking both current performance and flexible future use options.

Local Market Insights

In Gawler South, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 32 during the previous 30-day period, with an average advertised asking price of $832,703. The property type mix of listed properties is predominantly Houses at 78%, followed by land (14%), and units (4%). The most active agency for houses in the Gawler South area is currently Ray White, representing 38% of new listings, followed by Barker Real Estate with 19%. 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.