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Overview
This property offers a substantial 700 square metre Torrens Titled allotment, presenting both a secure home and a rare development opportunity with Stage 1 subdivision approval already in place. The approved plan allows the land to be divided into two allotments of approximately 354 square metres each, ideal for developers or investors seeking to maximise their asset’s potential.
The existing home, spanning 132 square metres, remains in good condition and features four well-proportioned bedrooms including a master with built-in robes, supporting comfortable family living or long-term tenanted investment. The layout benefits from generous lounge, family, and dining spaces, facilitating versatile day-to-day living and entertaining. Low-maintenance yards at the front and rear reduce upkeep demands, while secure parking with drive-through access accommodates multiple vehicles efficiently.
Augmenting the property’s appeal are practical features such as split system air conditioning for year-round comfort, fully fenced grounds providing privacy and security, solar panels supporting energy efficiency, and a water tank to aid sustainable outdoor upkeep.
Currently tenanted on a periodic lease at $650 per week, the home is ideally suited for investors looking for reliable rental income or owner-occupiers keen to capitalise on potential subdivision options. Furthermore, the location offers convenient access to public transport, local shopping precincts, and a comprehensive selection of public and private schools, ensuring practical living at the doorstep.
Local Market Insights
In Gulfview Heights, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $956,717. All new listings observed during this period were Houses. Ray White was the most active agency in this area, representing 44.4% 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.
Location
Gulfview Heights SA 5096
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 132 m² |
Market Insights for Gulfview Heights SA 5096
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