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Instant Income with Development Potential!
- 5 Beds
- 2 Baths
NOW UNDER OFFER!
Start earning two incomes instantly with this pair of semi-detatched homes in Davoren Park and
watch the rental returns roll in while considering your redevelopment options.
Combined, these two sites offer fantastic future development potential, with a combined land size of approximately 1000m2. Each block is completely square, with no easements or significant trees, leaving the slate completely clean.
Plan a complete redevelopment (subject to council consent), or simply buy the properties and leave them as they are, and reap the rental rewards already in place.
Number 40 Mainwaring is a three-bedroom home.
Light and fresh, it has timber floors and a crisp white colour palette.
The single bathroom includes a bath and shower over the tub, plus a separate powder room.
The lounge room is spacious, and a separate open-plan dining room connects to the functional kitchen. The home includes an internal laundry and rotary clothes line in the back yard.
Number 40 Mainwaring is currently let on a periodic lease at $220 per week.
Next door, number 42 boasts a huge living room and two bedrooms.
The separate open-plan dining room connects to a spacious kitchen with plenty of storage.
There's a bathroom with shower over the bath tub and an internal laundry.
In the back yard is a paved patio and rotary clothes line.
This home is on a fixed lease until April 30, 2018, yielding $210 per week.
Each home has its own large, fully-fenced back yard, with drive-through access. Secure the car or other vehicles, or simply use this as a safe space for children or family pets to play.
40 and 42 Mainwaring Crescent are centrally-located, making them appealing for renters. It's just a short walk from bus stops and Broadmeadows train station, and these homes are close to schools, Munno Para shopping centre and eateries. A short drive will put you on the Northern Expressway and Main North Road.
Whether seeking a rental return or a prime site for future development, the astute investor will not want to pass up an opportunity like this. Call Mike Lao now to inspect!
Council / City of Playford
Built / 1960 (approx)
Land / 1,000sqm (approx)
Building / 166sqm (approx)
Easements / NIL
Currently tenanted at / $430 per week (combined)
Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm, Mawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield, Walkley Heights, Wynn Vale.
Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
- Air Conditioning
- Alarm System
- Close To Schools
- Close To Shops
- Close To Transport
- Polished Timber Floor
- Secure Parking
1,000m² / 0.25 acres
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