Rare Development Opportunity!!!

Property Prosperity Real Estate are proud to present to the market a unique corner offering of 978sqm with plans & subdivision approvals in place!

With dual street frontages to Sydney Street and Dewer Ave this large 70’s 4+ Bedroom family home calls to developers, investors & renovators alike!

Whether you choose the paintbrush & hammer or the wrecking ball the potential here is huge, so let’s take a closer look:

Flanked from the road by its sprawling garden of decorative ferns, succulent & natives the first thing you will spy is the impressive 18 panel solar array mounted on the north facing roof.

Step up and into the large L-shaped living area with warm, polished timber floors continuing right through the kitchen, dining & main bedroom areas.

In the kitchen there’s plenty of bench & cupboard space plus a modern oven with gas cooktop to keep the family chef happy. While out the back the everyday hobbyist will be delighted to find a large rumpus room in addition to the garage & sprawling backyard.

Although the existing house could use some elbow-grease the hard work planning the future for this property has been done for you.

While the current subdivision approval is for 1 into 3 the savvy developer will spot the potential to subdivide into 4! (subject to council consent)

Given the proximity to Westfield TTP (only a few minutes away) and its abundance of parks, schooling, dining, & shopping on offer nearby it’s easy to see why Ridgehaven it becoming a hostspot for Families, First Home Owners and investors!

Those thinking long term investment will be pleased to know the property has been leased for the past two consecutive years & is due for renewal (or expiration) in May.

So why not keep the egg in the nest while Adelaide’s rental demand continues to rise!

Short-term, long-term, whatever your goal opportunities like this don’t come along very often so don’t miss out on your ticket to ride the market up in 2021!

For more information, detailed plans & resources please contact Darren Standish on 0422 510 027.

Features at a glance:

978sqm Torrens Title allotment with North aspect
23m (approx) frontage to Dewer Avenue
24m (approx) frontage to Sydney Street
No easements or encumbrances
1970's Built 4+ Bedroom Home with detached rumpus room
Polished floorboards throughout living areas
18 Solar Panels
Ducted cooling / Gas heating
Built in robes to 3 main bedrooms
Approved subdivision plans available
Scope to subdivide into 4 (subject to council consent)
Current tenancy due for renewal (or expiration) in May