FOR SALE
$650,000 to $670,000

88 Edward Street
Ottoway SA 5013

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 286m2
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Looking to increase your rental port folio?

Attention investors!
This auction offers a prime opportunity to secure a valuable property. Currently tenanted until 26th September 2025, with a rental return of $500 per week, equating to a steady $26,000 per annum, this home guarantees immediate income potential. Located at the front of a newly established development, this 1960-built conventional home showcases timeless charm, featuring three well-sized bedrooms, a generous lounge area perfect for relaxation, and a functional eat-in kitchen/dining space.
The property boasts high ceilings that enhance the sense of space and evoke a nostalgic appeal, while still offering plenty of potential for modern renovations and upgrades.
Sitting on approximately 286 m² of land, this versatile property presents an excellent opportunity to maximize its value through thoughtful improvements.
Whether you're looking to preserve its classic character or enhance it for contemporary living, this home holds immense promise for capital growth.
Submit your offer before the auction and capitalize on a property that blends the best of past charm and future potential. With nothing to lose and plenty to gain, this is your chance to secure a promising investment with an attractive rental yield. Don't miss out on this smart realty shopper deal!
AUCTION VENDOR STATEMENT
**PLEASE NOTE~ Form 1 – Vendor's Statement (Section 7) Land and Business (Sale and Conveyancing) Act 1994 will be made available to the public at Century 21 Beachside & Lakes, 57 Semaphore Road, Semaphore SA 5019 for 3 clear business days prior to auction
"The Best compliment you can give me is a referral to your family and friends."
CALL ROSALIE GRICKAGE at CENTURY 21 BEACHSIDE & LAKES, SEMAPHORE ON 8242 1233 OR 0419 032 042 FOR FURTHER INFORMATION
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Property Details for 88 Edward St, Ottoway

88 Edward St, Ottoway is a 3 bedroom, 1 bathroom House. The property has a land size of 286m2. The place is currently for sale with CENTURY 21 Beachside & Lakes.

Building Type
House
Land Size
286m2

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About Ottoway 5013

The size of Ottoway is approximately 1.4 square kilometres. It has 2 parks covering nearly 2.3% of total area. The population of Ottoway in 2011 was 2,419 people. By 2016 the population was 2,499 showing a population growth of 3.3% in the area during that time. The predominant age group in Ottoway is 20-29 years. Households in Ottoway are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ottoway work in a trades occupation. In 2011, 58.9% of the homes in Ottoway were owner-occupied compared with 60.7% in 2016.

Ottoway has 1,266 properties. Over the last 5 years, Houses in Ottoway have seen a 118.18% increase in median value, while Units have seen a 86.67% increase. As at 30 November 2024:

  • The median value for Houses in Ottoway is $725,846 while the median value for Units is $470,229.
  • Houses have a median rent of $588 while Units have a median rent of $290.
There are currently 4 properties listed for sale, and 1 property listed for rent in Ottoway on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Ottoway.

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Rosalie Grickage
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CENTURY 21 Beachside & Lakes
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