OFF MARKET

848 North East Road
Modbury SA 5092

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 719m2
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Property Details for 848 North East Rd, Modbury

848 North East Rd, Modbury is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1962. The property has a land size of 719m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2019.

Building Type
House
Year Built
1962
Floor Size
101m2
Land Size
719m2
Local Government
Tea Tree Gully
Lot/Plan
A24/D7086

Last Listing description (February 2024)

Welcome to 848 North East Road, Modbury. A multitude of options at your fingertips!

This is YOUR ONE STOP! No further looking is required! Long Term Investment with scope to develop, with division potential (STCC) later down the track once the time is right!

Here you will find a premium high precinct location worth the yield for your property portfolio. Buying for the future has never looked so good.

Set on a large 719sqm (approximate) allotment in the popular HIGH growth area of Modbury, this circa 1960's home offers the new owner a multitude of options including: renovate and update, continue to rent out and reap the rewards or redevelop with mutiple dwellings (subject to council consent). Equally the size and dimensions of the land may well suit those buyers who have been looking for a site to build their dream home (subject to council consent). Astute buyers will surely be impressed with this large parcel of land and the potential to add value., now or in the future.

Features that make this home special:
- Large master bedroom
- Good sized bedroom 2 and 3
- Spacious lounge room
- Separate renovated kitchen and meals area, kitchen with plenty of cupboard space.
- Clean and tidy bathroom with separate bath and shower
- Separate spacious laundry
- Ducted cooling throughout
- Verandah, ideal for outdoor entertaining
- Huge fully fenced rear and front yard
- Oversize carport with drive through access to park several vehicles to secure single garage
- Currently rented to tenants until January 24'
- Scope to continue to rent

Zoned within a Policy Growth Area 11! Speak with City of Tea Tree Gully Council for your own due diligence. There may be scope to change this Residential to Commercial later down the track. Perfectly positioned within walking distance to Tea Tree Plaza, North East Modbury Medical & Dental Centre, Modbury Hospital, Civic Park, City of Tea Tree Gully Library and public transport options including the City via The O-Bahn Interchange. Excellent public and private school are only a short distance away. All this and less than 14km (approximately) from the Adelaide CBD.

Location is evident. The property is currently tenanted and inspections are set and scheduled with the agent in advance.

PLease note* we try our absolute best to obtain the correct information for this advertisement. The accuracy of this information cannot be guaranteed and all interested parties should view the property and seek independent advice if they wish to proceed.

PLease enquire with Ilana De Palma on 0412 949 521
RLA 294439

Property History for 848 North East Rd, Modbury, SA 5092

A timeline of how this property has performed in the market
Last Sold
$336,000
09 Jan 2019
Listed for Rent
$450/w
27 Jan 2023
  • 01 Feb 2024
    Sold for $550,000
  • 18 Oct 2023
    Listed for Sale Best Offers By November 13th (USP)
  • 08 Nov 2022
    Listed for Rent $450 / week
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About Modbury 5092

The size of Modbury is approximately 3.3 square kilometres. It has 18 parks covering nearly 16.5% of total area. The population of Modbury in 2011 was 4,924 people. By 2016 the population was 5,233 showing a population growth of 6.3% in the area during that time. The predominant age group in Modbury is 30-39 years. Households in Modbury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury work in a professional occupation. In 2011, 66.2% of the homes in Modbury were owner-occupied compared with 64.9% in 2016.

Modbury has 2,803 properties. Over the last 5 years, Houses in Modbury have seen a 102.78% increase in median value, while Units have seen a 102.27% increase. As at 31 October 2024:

  • The median value for Houses in Modbury is $760,980 while the median value for Units is $535,669.
  • Houses have a median rent of $600 while Units have a median rent of $510.
There are currently 25 properties listed for sale, and 4 properties listed for rent in Modbury on OnTheHouse. According to CoreLogic's data, 189 properties were sold in the past 12 months in Modbury.

Suburb Insights for Modbury 5092

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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.