7 Padilla Street

Paralowie SA 5108

Land Size / 600m2 (approx)
Internal Living /170m2
Total Building /224m2 (approx)
Frontage / 20m+ (approx)
Zoning / GN - General Neighbourhood
Local Council / City of Salisbury
Council Rates / $1,414 pa (approx)
Water Rates (excluding Usage) / $466.68 pa (approx)
Es Levy / $114 pa (approx)
Estimated Rental $600 - $650
Title / Torrens Title 5090/453
Easement(s) / Nil
Encumbrance(s) / Nil
Construction / Brick Veneer
Gas / Connected
Sewerage / Mains

The property boasts partially renovated interiors, including floating floors, downlights, and roller shutters or screen protectors on most windows, ensuring both style and security. The gated entrance and low-maintenance yard make it ideal for those seeking a secure and easy-care lifestyle.

Set on a generous 600m² block with a 20m frontage and 30m depth, this property offers significant potential for future development. It can potentially be subdivided into two allotments, allowing for the construction of two double car garage homes, subject to council consent. This makes 7 Padilla Street an excellent investment opportunity for developers and investors looking to capitalize on its prime location and expansive land size.

This property at 7 Padilla Street also boasts a valuable solar power system currently operating on the old tariff of 48c per kWh, which may be transferable to the new owners, offering significant energy savings. With its spacious layout, featuring multiple bedrooms and bathrooms, this home is ideal for investors, potentially yielding a rental income of approximately $650 per week.

Additionally, the property includes a rainwater tank and a large backyard, which could accommodate a granny flat, adding further value and rental potential.

The location is another highlight, with convenient access to shopping centres, public transport, schools, and other amenities just minutes away, making it a prime choice for both homeowners and investors alike.

Don't miss your chance to own this versatile property. Contact us today to arrange a viewing and discover the endless possibilities that await at 7 Padilla Street, Paralowie.

Please be advised that the air conditioning systems in the living room and bedrooms 1, 2, and 3 are currently not operational and will require assessment by a qualified professional for repair or replacement. Buyers are responsible for addressing these issues and will be purchasing the property in its present condition. It is highly recommended that buyers conduct a comprehensive building and pest inspection to fully understand the property's current state. By proceeding with the purchase, buyers acknowledge and accept the property in its existing condition.

RLA 300 185

Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.