Development Potential with Immediate Holding Income

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33, Lot 7 Odgers & Oloughlin Road, Virginia SA 5120

$1,490,000 - $1,590,000

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$1.49M - $1.56M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 3 Cars 3364 m²

Listed: 31st Jul 2026

Updated: 15 hours ago

Overview

This listing offers a distinctive investment prospect in a rapidly growing area of Virginia, South Australia, presenting both immediate income and future development potential subject to planning consents. The property comprises a substantial 1,123 sqm lot hosting a well-maintained four-bedroom, 1.5 bathroom home built circa 1985. The residence features open plan living spaces complemented by verandahs facing both front and rear, providing an indoor-outdoor flow suitable for relaxed living or tenants' comfort. Ample vehicle accommodation includes a carport for three cars in addition to a four-car garage, tailoring to families or investors needing extensive parking options.

The immediate value is enhanced by secure rental income of $700 per week with lease until May 2027, offering financial stability as potential for future site development or expansion is explored. This opportunity is further amplified by the adjoining two vacant lots (approx. 1,118 sqm and 1,123 sqm), allowing for either commercial development or additional residential builds, aligning with local zoning and planning approvals.

Located under 1 km from the master-planned Virginia Grove neighborhood and within effortless walking distance of central Virginia's amenities such as the Woolworths shopping center, local eateries, and schools, the property benefits from strong infrastructure and community services. The proximity to recreational facilities including the Virginia Sports Oval, athletic fields, and primary school further underscores the lifestyle appeal for families or investors targeting the family rental market.

Additionally, concept plans are available for a childcare center capable of accommodating approximately 114 placements, addressing a local demand gap known as 'The Virginia Childcare Desert'. This planning path represents a compelling opportunity for developers or investors focused on community-enhancing projects within a prime South Australian growth corridor.

Overall, this property will appeal to astute investors seeking a blended strategy of immediate rental return and long-term site enhancement in a strategically positioned location experiencing residential expansion and commercial opportunity.

Local Market Insights

In Virginia, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $1,492,250. The property type mix of listed properties is predominantly Houses at 89%, followed by land (11%). The most active agency for houses in the Virginia area is currently Ray White, representing 63% of new listings, followed by Edge Realty - RLA 256385 with 13%. 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.