3/5 Northampton Crescent

Elizabeth East SA 5112

Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market an exceptional investment opportunity for astute investors or developers looking to maximize returns. This property boasts two semi-detached homes on one title on a 1,440sqm approx block. Currently tenanted, these homes collectively generate an impressive $690 per week, making it an ideal prospect.

Both homes showcase a thoughtfully designed layout, featuring separate air-conditioned lounge rooms adorned with pine floorboards. The open-plan kitchen/meals area is equipped with a built-in pantry, overhead cupboards, and modern electric appliances, creating a comfortable and inviting living space for occupants to share a meal.

Each residence encompasses three well-proportioned bedrooms, serviced by a laundry and main bathroom with a separate toilet enhancing convenience.

Step outside into the expansive backyard, providing ample space and untapped potential for transformation. This outdoor area is a canvas waiting for your creative touch, offering endless possibilities for recreation or development (STCA).

There are so many features to enjoy including:
- 1,440sqm approx block
- Reverse cycle split-system air-conditioning in the lounge
- Fixed leases with tenants already in place, returning $690 per week

Situated in close proximity to Jo Gapper Activity Park, Grenadier Road Reserve, and Playford Tennis Centre, this property appeals to families and those who appreciate outdoor amenities. Education is easily accessible with Elizabeth East Primary School and Pinnacle College nearby. For shopping convenience, Elizabeth City Centre and the local supermarket are just a short drive away. Easy access to Main North Road ensures a seamless 40-minute drive to the Adelaide CBD.

Whether you are a first home buyer, investor, or developer, this property at Northampton Crescent, Elizabeth East, holds the key to unlocking a world of potential. Don't miss out on this rare opportunity to secure dual dwellings in a thriving location!

Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!

Year Built / 1960 (approx)
Land Size / 1,440sqm (approx)
Frontage / 44.2m (approx)
Zoning / GN-General Neighbourhood
Local Council / City of Playford
Council Rates / $1,496.75 pa per property (approx)
Water Rates (excluding Usage) / $614.80 pa per property (approx)
Es Levy / $82.5 pa per property (approx)
Current Rental / $690 per week
3 Northampton: Fixed lease of $330pw in place until 19/01/2024
5 Northampton: Fixed lease of $360pw in place until 26/10/2024
Title / Torrens Title 5521/940
Easement(s) / Subject to easement for sewerage - See title
Encumbrance(s) / Nil
Internal Living / 143sqm (approx)
Total Building / 201.7sqm (approx)
Construction / Solid Brick
Gas / Not Connected
Sewerage / Mains
Selling Investment

For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/PVyyld

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

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 representation is given or made as to the correctness of information supplied and neither the Vendors or 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.