Overview

Introducing a remarkable dual income investment opportunity at 20A Galway Avenue, North Plympton. This property is set on a generous 557 square meter allotment with a wide 30.48 meter frontage and a depth of approximately 18.29 meters. It features two semi-detached style dwellings that were previously configured as a spacious four-bedroom, two-bathroom family home. With some minor renovations, this configuration can be restored, making it an ideal family residence.

The current setup allows for dual income generation while being on a single title, making it a lucrative option for investors or developers. The property is Torrens Titled and falls under the Housing Diversity Neighbourhood (HDN) zoning by the City of West Torrens, offering a variety of future development possibilities, subject to council consent.

Both units are currently tenanted, yielding a combined income of $760 per week, which totals $39,520 annually. Unit 5, located on the left side, boasts two spacious bedrooms with built-in wardrobes, a two-way bathroom, an updated kitchen with a breakfast bar, a central dining area, a large lounge, a separate laundry, polished timber floors, and reverse cycle air conditioning. It also includes a secure paved rear courtyard, an all-weather pergola, a garden shed, a low-maintenance front garden, a double garage under the main roof, and additional driveway parking for two vehicles. This unit is currently leased until October 4, 2026, at $395 per week.

Unit 4, on the right side, also features two generous bedrooms with built-in wardrobes, a combined bathroom and laundry, a functional kitchen/dining area, a central lounge, polished timber floors, and reverse cycle air conditioning. It has a secure paved rear courtyard, an all-weather pergola, a garden shed, a low-maintenance front garden, and driveway parking for one vehicle. This unit is leased until October 2, 2026, at $365 per week.

Additional financial details include council rates of $1,233 per unit per annum, totaling $2,466 combined, an emergency services levy of $328 per annum, and SA Water charges of $204 quarterly. The property was built in 1971.

Located in a highly sought-after area, close to local shopping, schools, and public transport, this property is positioned for ongoing demand due to the gentrification of North Plympton. This is a unique opportunity to secure a property with significant investment potential.

Location