SOLD
Sold on 16 Apr 2024 for $600,000

165 Kelly Road
Modbury North SA 5092

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 139m2
Land area: 666m2
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Property Details for 165 Kelly Rd, Modbury North

165 Kelly Rd, Modbury North is a 3 bedroom, 1 bathroom House and was built in 1973. The property has a land size of 666m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Modbury North in the last 12 months.

Building Type
House
Year Built
1973
Floor Size
139m2
Land Size
666m2
Local Government
Tea Tree Gully
Lot/Plan
A214/D9544

Last Listing description (April 2024)

PLEASE NOTE: This property with council approvals in place for subdivision is being offered for sale by auction "AS IS" and at the Vendor's requests there will be no open inspections.

Anthony Fonovic & Team Morris proudly present to the market this remarkable property with immense potential. Are you ready to seize this rare and extraordinary real estate opportunity? Look no further! Welcome to this generous size 699m2 (approx.) allotment with council approvals in place for subdivision - a treasure trove for astute developers and investors.

Your imagination is the only limit. The existing house on the property is ready to make way for your vision. Imagine the possibilities of subdividing this land and creating two distinct, modern homes or even utilise the entire allotment to build your forever-awaited dream home.

In today's competitive real estate market, opportunities like this don't come around often. A generous landholding is your canvas for a lucrative investment. With council-approved potential to subdivide, envision constructing two magnificent homes, each tailored to your specifications (subject to planning consent).

Investors will appreciate the flexibility to capitalise on dual rental incomes or sell the homes individually for maximum returns.

Opportunities like this are rare. Whether you're a seasoned developer or an investor seeking a prime piece of real estate, this property promises significant returns. This opportunity is one not to be missed so call Anthony Fonovic now on 0411 513 352 or email anthony@timmorrisre.com for further details.

Specifications:-

Title: Torrens 214/9544
Property Type: Residential Land
Council: City Of Tea Tree Gully
Zoning: General Neighbourhood (Z2102) - GN
Frontage: 18.29m (approx)
Depth: 36.56m (approx)
Land Size: 669sqm (approx)

The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice.

RLA 274675

Property History for 165 Kelly Rd, Modbury North, SA 5092

A timeline of how this property has performed in the market
Last Sold
$600,000
16 Apr 2024
  • 16 Apr 2024
    Sold for $600,000
  • 06 Oct 2023
    Listed for Sale Not Disclosed
  • 01 Jun 2006
    Sold for $220,000
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About Modbury North 5092

The size of Modbury North is approximately 2.9 square kilometres. It has 18 parks covering nearly 22.1% of total area. The population of Modbury North in 2011 was 5,554 people. By 2016 the population was 5,608 showing a population growth of 1.0% in the area during that time. The predominant age group in Modbury North is 30-39 years. Households in Modbury North are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Modbury North work in a professional occupation. In 2011, 84% of the homes in Modbury North were owner-occupied compared with 81.8% in 2016.

Modbury North has 2,605 properties. Over the last 5 years, Houses in Modbury North have seen a 102.14% increase in median value, while Units have seen a 97.58% increase. As at 31 October 2024:

  • The median value for Houses in Modbury North is $761,575 while the median value for Units is $587,862.
  • Houses have a median rent of $580 while Units have a median rent of $295.
There are currently 14 properties listed for sale, and 3 properties listed for rent in Modbury north on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Modbury north.

Suburb Insights for Modbury North 5092

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Tim Morris Real Estate
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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.