Two Torrens Titled properties on 2 separate Titles!

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Location

Market Insights for Salisbury Downs SA 5108

New Listings (last 30 days)

Average price

$724,039

Lowest price

$400,000

Highest price

$1,600,000

288 & 288A Salisbury Highway, Salisbury Downs SA 5108

$790,000 Invidually

Search Band

$749k - $824k Low Confidence Calculated based on limited search observations.

House 7 beds 3 baths 5 cars 875 m²

Listed: 55 days ago

Updated: 11 days ago

Overview

This unique offering presents two separate Torrens titled houses situated on a large combined land parcel of approximately 875 square meters. Together, these properties yield a significant rental return of approximately $67,600 gross per annum, providing a flexible investment and lifestyle opportunity.

The first dwelling, built in 1952 from solid brick, occupies about 431 square meters of land. It includes three bedrooms, two bathrooms, and dual living spaces that can alternatively serve as a fourth bedroom. Among its notable features are a large cellar, solar energy system, ducted heating and cooling, modern kitchen appliances including gas cooking and a dishwasher, and two off-street parking spaces. This house is currently leased until September 2026 at $700 per week, reflecting strong rental demand.

Adjacent is a more recent brick veneer residence dating from circa 2004, NDIS approved and comprising four bedrooms, one bathroom, one undercover carport, and multiple off-street parking spaces. It also benefits from ducted heating and cooling. This property is leased until May 2027, securing a rental income of $600 per week.

The dual dwellings configuration provides versatility ideal for large extended families requiring proximity but separate living, investors seeking a hands-off income stream, or home business operators needing adjacent premises. The extensive land area further supports various development or usage possibilities subject to council approval.

Scheduled for public auction unless sold beforehand, this is a rare chance to acquire a combined asset in Salisbury Downs with strong ongoing income and potential for future growth. Comprehensive documentation will be available via an online purchaser portal to facilitate due diligence.

Local Market Insights

In Salisbury Downs, Quiet Listings observed 51 new houses entering the market over the last 30 days, up from 29 during the previous 30-day period, with an average advertised asking price of $724,039. The property type mix of listed properties is predominantly Houses at 80%, followed by units (13%), and townhouses (4%). The most active agency for houses in the Salisbury Downs area is currently Ray White, representing 33% of new listings, followed by eXp Realty Australia with 20%. 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.