OFF MARKET

1 Tod Hwy
Lock SA 5633

Bedrooms: 6
Bathrooms: 2
Car spaces: -
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Property Details for 1 Tod Hwy, Lock

1 Tod Hwy, Lock is a 6 bedroom, 2 bathroom House.

Building Type
House
Local Government
Elliston

Last Listing description (March 2023)

RETURN ON INVESMENT OPPORTUNTIES

Located in Lock and positioned on an approximate 2-acre, 7895m2, block is this 6-bedroom and 2-bathroom home that has very strategically been built with two wings adjoining a spacious living area. Originally designed for a large family, the house is now currently leased to a local business for employee accommodation.

With a fixed lease agreement until July 2023, and the strong likelihood of extending, this property is providing excellent return on investment for the purchaser. The extra open space on the block and need for upcoming local rent also opens the possibility for negotiating future lease terms and arrangements.

The front undercover outdoor entertainment space is well protected from the weather, overlooks an impressive fenced off lawn, and has various access points to the house. Fully concreted, with power, lights, and television points, this is an excellent area for a family or tenants to spend time relaxing or entertaining during the warm summer nights or cool winter months.

The open style lounge and living room that connects to two wings, and has convenient access to the outdoor entertainment area, is of excellent size. At one end sits a large lounge and tv, while at the other is a pool table that fits comfortably. A combustion wood fire provides excellent warmth to the room and house during winter, while ceiling fans and a wall unit air-conditioner provide summer comfort.

On the left wing is the kitchen and dining area, along with two bedrooms that both have access to the first common bathroom and separate toilet. The right wing features three large bedrooms and one smaller bedroom plus a second common bathroom and separate toilet.

Four new Eco Alliance Dynaheat electric hot water systems have been installed, plus two 5000 gallon rainwater tanks to provide fresh water to the house. An excellent front lawn watering system is installed. A well positioned laundry to utilise the backyard clothesline with a third separate toilet adjoining it. A recent white ant treatment provides peace of mind to the buyer.

A three bay, 20f x 40f, shed with double sliding doors, fully concreted, and power connected provides excellent parking space for vehicles and storage / workshop space. An additional three undercover open carport spaces are well positioned next to the entry of the house.

If you have been looking for a spacious family home with an abundance of room or an excellent return on investment property, then this listing will tick all of your boxes.

HOUSE & BUSINESS OPPORTUNITY LOCK ENGINEERING

An opportunity to buy the Lock Engineering business, with or separate to the house, is also an option for any potential buyers. Established in 1999, The current owners have enjoyed a successful 23 years servicing the local community and surrounding areas.

This business has a great reputation across the Eyre Peninsula for high quality products and services, with customers regularly returning for new and ongoing tasks.

For sale is the business and stock on hand, with an asking price for the business of $90,000 which includes plant and equipment, and goodwill, plus stock at valuation (less personal tools).

For all inquires please contact Nick 0428 383 833

Property History for 1 Tod Hwy, Lock, SA 5633

A timeline of how this property has performed in the market
  • 26 Sep 2022
    Listed for Sale $340,000

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About Lock 5633

The size of Lock is approximately 637 square kilometres. It has 4 parks covering nearly 1% of total area. The population of Lock in 2011 was 435 people. By 2016 the population was 266 showing a population decline of 38.9% in the area during that time. The predominant age group in Lock is 50-59 years. Households in Lock are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lock work in a managers occupation. In 2011, 69.3% of the homes in Lock were owner-occupied compared with 83.2% in 2016.

Lock has 260 properties. Over the last 5 years, Houses in Lock have seen a 133.72% increase in median value. As at 30 November 2024:

  • The median value for Houses in Lock is $194,253 while the median value for Units is $428,030.
There are currently 2 properties listed for sale, and 1 property listed for rent in Lock on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Lock.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.