An Epic Retro Gem with Development Potential

283 Port Elliot Road, Hayborough, 5211

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520,000 AUDEst. Mortgage: AUD 3,654/monthFor Sale
  • Ownership Type House
  • Property Area 975 sqft
  • Bedrooms 3
  • Bathrooms 1
  • Furnished No
  • Last Updated 5th Jul, 2023

Amenities

Feature that provides comfort, convenience, or pleasure
  • Full-Time Doorman
  • River Views
  • Common Roof Deck
  • City Views
  • Gym
  • Sauna
  • Open Views
  • Basketball Court
  • Pool

Property Overview

Imagine finding a renovator's dream in the Fleurieu's beating heart - a 1960s 3-bedroom home on a mammoth 975sqm approx. allotment offering immediate rental returns along the Peninsula's most popular gateway.<br/><br/>Add the pull of Chiton and Boomer's epic beaches, and for investment, potential re-development (STPC), or holiday rental ventures, this vanishing breed of retro flaunts position perfection.<br/><br/>With a sound tenant under a fixed lease until May 2024, the home presents food for the creative soul, leaving you ample time - and an income stream - to plan its future, with or without the 6m x 6m rear double garage and backyard studio/retreat.<br/><br/>Right now, its retro qualities highlight big light-filled windows, basic accommodation, an original pastel bathroom, cosy living room combustion heater warmth, and a superb north-facing rear aspect. <br/><br/>Indulge it (later) in the B&B décor it deserves or celebrate its style and watch the bookings roll in; better yet, consult council to discuss the subdivision parameters such a hefty, level block like this - zoned Suburban Neighbourhood (Z5707) - holds.<br/><br/>For you, for paying guests, or purely for its epic opportunity - hesitate in Hayborough, and you miss out. <br/> <br/>Because lifestyle beckons with coastal bliss and untold holiday attractions such as fishing, boating, dining, and golf plus a choice of schools, cafes, and retail from Port Elliot to Victor.<br/><br/>Opportunity is an understatement. <br/><br/>Crunch the sums then hit the coast for this:<br/><br/>Desirable north-facing rear aspect<br/>Renovation or development potential on a 975sqm* allotment (STPC)<br/>Zoned: Suburban Neighbourhood(Z5707) - SN<br/>*Minimum frontage for a semi-detached dwelling - 9m <br/>*Minimum block size for subdivision - 300sqm<br/>Currently tenanted under a fixed lease May 2024 @ $770 per fortnight.<br/>Rear detached studio/garage<br/>Drive-through access via single carport<br/>Close to ALDI, Coles, Bunnings, & McCracken Golf Course<br/>Easy proximity to Encounter Lutheran & Investigator Colleges<br/>Enjoy a radius of the coast's best hotspots…<br/>And much more!<br/>

Location on Google Map

283 Port Elliot Road, Hayborough, 5211

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