1/47 Payne Street
Hope Valley, SA 5090

Overview

Neat & Tidy 2-Bed Unit with Investment Allure.

One of only 6 dwellings in a small complex located at the end of a cul-de-sac extension of Payne Street, this 2-bedroom brick-veneer unit will appeal to both investors seeking solid rental returns and first-time buyers eager to take that important initial step onto the property ladder.

Spanning 98.2 sqm of internal living space, the unit features an air-conditioned lounge, a combined kitchen and meals area, two fan-cooled carpeted bedrooms, a bathroom, laundry, and a single garage. Notable details include solid timber architraves and skirting boards that contrast beautifully with the white-washed walls, as well as floating floorboards in the main living areas.

While the kitchen may appear modest, it is equipped with all the essentials, and sliding doors extend from the meals area to a pathway leading to a private fenced courtyard, which will flourish with the first autumn rains.

For those looking to add value (subject to council consent), remodeling the kitchen could be a sensible starting point; the bathroom also has potential for a refresh, as it is spacious enough to accommodate both a shower and a tub, although it currently features early-90s tiling and fixtures.

This location offers convenient access to a supermarket, public transport to Westfield Tea Tree Plaza and the city, as well as community recreational facilities, making it easy for investors to find tenants for this single-level unit. However, they may face competition from eager first-time buyers hoping to secure it for themselves!

Features We Love:
• Low-maintenance brick-veneer unit in a small complex of 6
• Floating floorboards in the front lounge and adjacent combined kitchen/meals area
• Gas cooker/oven, twin sink, and a dining bar
• Two carpeted bedrooms, with the larger featuring a built-in robe
• Split-system air conditioning in the lounge and ceiling fans in both bedrooms
• Spacious bathroom with original tiling, a shower and tub, and a separate WC
• Sliding doors from the meals area to a garden-framed pathway leading to a fenced courtyard
• Access from the laundry and a single garage (roller door) onto a paved rear verandah
• Solid timber window frames and skirting boards throughout

Location:
• Tranquil foothills position at the end of a low-traffic cul-de-sac
• A 15-minute walk to Drakes, cafes, eateries, and The Valley Inn, or a quick 3-minute drive
• 500m walk to catch a bus to Westfield Tea Tree Plaza or directly into the city via Paradise Interchange
• Numerous parks and recreational facilities within easy walking distance (croquet club, Korong Reserve, and Hope Valley Tennis and Netball Club)
• Only 500m to Highbury Primary School and zoned for Modbury High School

Disclaimer: While we strive to ensure that all details represented in this advertisement are accurate, it is the responsibility of the buyer/purchaser to conduct their own due diligence when viewing and purchasing the property throughout the active campaign.

Property Details:
Council: Tea Tree Gully
Zone: General Neighbourhood
Land: 208sqm (Approx.)
Building: 111sqm (Approx.)
Built: TBC
Council Rates: $TBC per annum
Water: $TBC per quarter
ESL: $TBC per annum

Location