A Six-of-a-kind hand to Play with Income now And Options ahead!

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1-6/21 Tait Street, Renown Park SA 5008

Auction On Site Friday 6th November @ 11am

Search Band Search Visibility Band

$2.2M - $2.42M Low Confidence Calculated based on limited search observations.

Block of Units 12 Beds 6 Baths 6 Cars 1581 m² 361 m²

Listed: 7 days ago

Updated: 18 hours ago

Overview

This multi-unit complex presents a rare opportunity to acquire six solidly built 1970s dwellings on a single titled property in Renown Park. With a total of 12 bedrooms and 6 bathrooms spread across the six units, this package offers immediate rental income with scope for redevelopment subject to council approval.

The layout of each unit is designed for functional open plan living, combining meals and kitchen areas to create welcoming communal spaces. Each unit includes two bedrooms complemented by built-in wardrobes, providing practical storage solutions, and a combined laundry and bathroom configuration. Many units benefit from modernised wet areas, boosting their attractiveness and convenience.

Comfort has been considered with the upper level units equipped with window air conditioning units, while the lower level units benefit from reverse-cycle split system air conditioners, ensuring comfortable living environments year-round. Off-street driveway access leads to six individual carport spaces at the rear, maintaining privacy and secure parking for residents.

The property offers communal open backyard areas with grassed spaces, fostering a sense of community and providing outdoor amenity. Although some updates are needed, the existing tenancies provide a steady income stream, allowing for a strategic rejuvenation plan to be mapped out by incoming investors or developers.

Situated on the western fringe of the city, Renown Park is well positioned for easy access to the Adelaide CBD, the Churchill Road shopping precinct, public transport options, and the North-South Motorway. The suburb features a diverse streetscape including townhouses, semi-detached homes and character properties, appealing to a broad demographic.

This six-of-a-kind block is suitable for astute investors aiming to hold for income, or developers seeking a substantial footprint for potential redevelopment. The flexibility of maintaining current cash flow while planning future value-adding works under the appropriate approvals makes this property a compelling prospect.

Local Market Insights

In Adelaide - West, Quiet Listings observed 2 new block of unitss entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $2,600,000. The property type mix of listed properties is predominantly Houses at 66%, followed by units (12%), and land (8%). The only agency with for block of unitss listings currently monitored in the Adelaide - West area is Ray White. 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.

Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

Wednesday, 28 October 2026

11:00 AM - 11:30 AM ACDT

This property has had 2 previous open for inspections. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.