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Sold Property
$1,180,000
Kate Smith Harcourts Smith RLA 242793
Anthony DeMarco Harcourts Smith RLA 242793
It's the investment of a lifetime. A leafy character street barely 400m to Norwood Parade, the eastern suburbs at your feet, and four incomes from one converted c1900 villa.
Currently disposed as 4 x 1-bed units (units 1 and 2 have potential for 2 bedrooms) cornering Phillips and Marchant Streets, the intact Torrens titled single-fronted villa could again become a substantial family home if you're willing...
Perhaps you'll peel back its outer layer to reveal its villa glory, add a true hero moment with a 2-storey extension, or revert the rear unit into a garage - all subject to council approval.
Each self-contained unit has clean, basic accommodation and all are tenanted on fixed leases returning almost $50K (gross) annually.
What happens next is your call - the best part is, it'll pay you dividends while you decide.
And no wonder when its admirable locale needs no car to get around; walk to The Kensington Hotel or a clutch of premier schools - Mary Mackillop, Loreto, Pembroke, St. Ignatius, and St. Joseph's - with a 4km dash to the CBD.
Talk about opportunity...
You'll love:
C1900 villa conversion with restoration potential
Fixed tenancies in place
2020 figures:
Units 1 & 2: $250pw
Unit 3: $210pw
Unit 4: $200pw
Split system A/C
Zoning to Marryatville Primary School
Walk to The Parade & Kensington Road transport
Minutes to Burnside Village
*If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. Harcourts Smith (Kate Eliza Real Estate Pty Ltd) does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.
*Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon.
*The vendor's statement may be inspected at 107 Semaphore Road, Semaphore or at Harcourts South Australian Head Office at 19 Varden Avenue Adelaide for 3 consecutive business days immediately preceding the auction; and at the auction; for 30 minutes before it starts.
RLA 242793
Property ID: #SHH6533
Office
Sold Property
It's the investment of a lifetime. A leafy character street barely 400m to Norwood Parade, the eastern suburbs at your feet, and four incomes from one converted c1900 villa.
Currently disposed as 4 x 1-bed units (units 1 and 2 have potential for 2 bedrooms) cornering Phillips and Marchant Streets, the intact Torrens titled single-fronted villa could again become a substantial family home if you're willing...
Perhaps you'll peel back its outer layer to reveal its villa glory, add a true hero moment with a 2-storey extension, or revert the rear unit into a garage - all subject to council approval.
Each self-contained unit has clean, basic accommodation and all are tenanted on fixed leases returning almost $50K (gross) annually.
What happens next is your call - the best part is, it'll pay you dividends while you decide.
And no wonder when its admirable locale needs no car to get around; walk to The Kensington Hotel or a clutch of premier schools - Mary Mackillop, Loreto, Pembroke, St. Ignatius, and St. Joseph's - with a 4km dash to the CBD.
Talk about opportunity...
You'll love:
C1900 villa conversion with restoration potential
Fixed tenancies in place
2020 figures:
Units 1 & 2: $250pw
Unit 3: $210pw
Unit 4: $200pw
Split system A/C
Zoning to Marryatville Primary School
Walk to The Parade & Kensington Road transport
Minutes to Burnside Village
*If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. Harcourts Smith (Kate Eliza Real Estate Pty Ltd) does not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.
*Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon.
*The vendor's statement may be inspected at 107 Semaphore Road, Semaphore or at Harcourts South Australian Head Office at 19 Varden Avenue Adelaide for 3 consecutive business days immediately preceding the auction; and at the auction; for 30 minutes before it starts.
RLA 242793
Property ID: #SHH6533
Kate Smith Harcourts Smith RLA 242793
Anthony DeMarco Harcourts Smith RLA 242793
Office Harcourts Smith RLA 242793
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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