OFF MARKET

120 May Terrace
Ottoway SA 5013

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 118m2
Land area: 890m2
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Last updated 11 Nov 2024
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Property Details for 120 May Tce, Ottoway

120 May Tce, Ottoway is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 2018. The property has a land size of 890m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
House
Year Built
2018
Floor Size
118m2
Land Size
890m2
Local Government
Port Adelaide Enfield
Lot/Plan
A5/D2204

Last Listing description (August 2022)

NO PUBLIC OPEN INSPECTIONS. PLEASE EMAIL AGENT TO BOOK INSPECTION THIS SATURDAY - for registered buyers only.

NEAR-NEW 4-5 bedroom home on massive 900+sqm block giving potential to develop rear land* and profit!


This is truly an exciting opportunity that rarely comes along. So often development opportunities mean "aged homes in need of demolition or hefty renovations" before occupancy or sale. NOT SO HERE!

This NEAR-NEW large family residence has been finished to an excellent specification and sited on a valuable 900+sqm of land giving room for new buyer to explore the sub-division options at rear* if they choose. Offering potential for a battle-axe division*, (as often seen throughout these parts), the new buyer can explore such options with Planning SA.

With future approvals in hand, this will open up versatile and valuable options for new buyer:
Live in (or rent out) the impressive front residence. Landscape the entire garden for your own use. Maybe a future inground pool and large workshop would appeal?
OR Sell off the fully fenced rear 300+sqm block as vacant land and use the profit to downsize your mortgage or other ventures
OR divide, then build an additional residence on rear land, then move in extended family, or sell to maximise your profit.

With the sub-division potential*, this presents a highly desirable offering . BEST OFFERS are invited and all serious offers will be considered. Closing Date for offers is TUESDAY 14th JUNE at 1:00pm will buy.

The existing Weeks-built property is fully established, but the landscaping has yet to be completed, leaving a blank canvas for new buyer to decide their options. Offering versatile accommodation of up to FIVE bedrooms OR a combination of FOUR bedrooms plus TWO separate living areas whatever your choice for your own family.

Lofty 9ft ceilings and floating timber floors flow throughout with quality soft furnishings adorning all windows.
Double door entry to sun-drenched formal living area (or guest bedroom) at front of home
Deluxe kitchen has enormous adjacent walk-in butler pantry and offers sweeping stone benchtop, loads of drawers and storage, gas cooktop, wall oven, microwave provision and dishwasher.
Eye-catching centrepiece in the large casual living area is the gas log fire to keep you cosy in the winter nights ahead.
Main bedroom has sliding door access to rear patio and offers smart ensuite and WIR
Bed 2 & 3 have generous built-in robes.
• Bed 4/Study offers wall of shelving (ideal kid's playroom)
3-way family bathroom with impressive large shower alcove
Ducted reverse cycle airconditioning services the entire home
Alfresco outdoor entertaining under main roof with mains gas point connection for BBQ
Super-sized double garage gives plenty of room for two larger vehicles plus storage space
Solar power system (7.8kW) giving you economical power all year round.

So many options for new buyer to prosper. One to give your most serious consideration.

*BUYERS NOTE: Sub-division is presented as an option for you to explore - no approvals are yet in place.

Property History for 120 May Tce, Ottoway, SA 5013

A timeline of how this property has performed in the market
Last Sold
$735,000
12 Aug 2022
Listed for Rent
$600/w
11 Mar 2021
  • 12 Aug 2022
    Sold for $735,000
  • 20 Apr 2022
    Listed for Sale OFFERS CLOSE 14 JUNE
  • 11 Mar 2021
    Listed for Rent $600 / week
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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 1,260 properties. Over the last 5 years, Houses in Ottoway have seen a 111.75% increase in median value, while Units have seen a 85.12% increase. As at 31 October 2024:

  • The median value for Houses in Ottoway is $706,556 while the median value for Units is $451,780.
  • Houses have a median rent of $575 while Units have a median rent of $290.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Ottoway on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Ottoway.

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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.