FOR SALE
$390,000

5-11 Smith Rd
Cowell SA 5602

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 11ac
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DON'T MISS THIS GEM CURRENT RENTAL RETURN & DEVELOPMENT POTENTIAL

CONTINUE MULTIPLE DWELLING LEASES' WHILE DEVELOPING
5-11 Smith Road is a listing like no other and includes approximately 11 acres of residential zoned land that is excellently positioned amongst the seaside township of Cowell. The local school, library, and hospital are all within close proximity and main street facilities nearby. Added to the value for money listing is a 3-bedroom house and self-contained unit that are both currently attracting rental incomes and have a strong possibility for the new owner to secure long term lease agreements.
With approx. 11 acres of residential land available to purchase, the development options are endless. Cowell continues to be a high demand long and short-term rental location. The possibility of creating a new sub-division (local council approval dependent) would be sure to catch the attention of people looking to build their dream home amongst other new dwellings.
Currently positioned on the front left-hand corner of the property is a timber framed, cladded, 3-bedroom house. A self-contained unit that includes a kitchen / dining space, bedroom, and wet area could be used as a fourth bedroom or left as is and rented separately. Also included is a double sliding door shed, along with separate poly and iron rainwater tanks.
To see the full potential of the property, book an inspection with Nick 0428 383 833. Current lease agreement details, along with future sub-dividing requirements can be obtained on request.

Property Details for 5-11 Smith Rd, Cowell

5-11 Smith Rd, Cowell is a 3 bedroom, 1 bathroom House. The property has a land size of 11ac. The place is currently for sale with Elders Real Estate Cleve.

Building Type
House
Land Size
11ac

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About Cowell 5602

The size of Cowell is approximately 635.4 square kilometres. It has 16 parks covering nearly 4% of total area. The population of Cowell in 2011 was 1,069 people. By 2016 the population was 1,130 showing a population growth of 5.7% in the area during that time. The predominant age group in Cowell is 60-69 years. Households in Cowell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cowell work in a managers occupation. In 2011, 73.3% of the homes in Cowell were owner-occupied compared with 70.9% in 2016.

Cowell has 1,015 properties. Over the last 5 years, Houses in Cowell have seen a 98.24% increase in median value, while Units have seen a -27.77% decrease. As at 31 October 2024:

  • The median value for Houses in Cowell is $304,007 while the median value for Units is $232,666.
  • Houses have a median rent of $250.
There are currently 19 properties listed for sale, and 2 properties listed for rent in Cowell on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Cowell.

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Nick Schumann
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