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Overview
Occupying an expansive 1,838 square metre parcel near Port Augusta's CBD, this property offers a compelling development opportunity with existing residential elements. The site currently features two units: 56A, a completed and functional two-bedroom home with an airy living area, kitchen and dining space, and practical amenities including a bathroom, laundry, ceiling fans, and air conditioning in one bedroom; and 56B, which requires completion and internal fit-out but includes two undercover vehicle parking spaces.
This arrangement presents flexible options for investors or developers. One might choose to rent out the finished unit immediately, with a historical weekly rental around $200, while finalising the build on the second unit, or alternatively develop the entire site over time. Its nearly half-acre size and proximity to the CBD and waterfront vantage points are ideal for creating several two-storey townhouses that can capitalize on Spencer Gulf and scenic range views.
The property's layout and existing structures support both short-term rental income and longer-term development plans. The generous land area allows for significant construction while retaining outdoor space, appealing to developers seeking to maximise the site’s potential in a central location. Prospective buyers are encouraged to independently ascertain costs, planning requirements, and timelines for completing unit 56B, as this site serves as a blank canvas accommodating a range of development strategies.
- Two existing units with separate conditions and completion status
- 56A offers a comfortable, well-ventilated finish with air conditioning and fans
- 56B requires finishing works but includes covered parking
- Close to town centre and waterfront views, suitable for townhouse development
- Supports income generation while planning future development
This rare combination of land size, strategic location, and mixed-use potential provides a unique prospect to shape a bespoke residential development suited to the local market demands and lifestyle advantages of Port Augusta.
Local Market Insights
In Port Augusta, Quiet Listings observed 10 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $442,400. The property type mix of listed properties is predominantly Houses at 85%, followed by land (8%), and duplexes (8%). The most active agency for houses in the Port Augusta area is currently Raine & Horne, representing 30% of new listings, followed by First National with 30%. 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
Market Insights for Port Augusta SA 5700
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