OFF MARKET

155-157 Hancock Road
Tea Tree Gully SA 5091

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 172m2
Land area: 1838m2
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Property Details for 155-157 Hancock Rd, Tea Tree Gully

Building Type
Land
Year Built
1970
Floor Size
172m2
Land Size
1838m2
Local Government
Tea Tree Gully
Lot/Plan
A28/F131273

Last Listing description (April 2024)

Marco Fellegvari and EXP Realty are delighted to present an exciting investment opportunity located in the heart of Tea Tree Gully. Introducing SDA Housing, an innovative initiative by the Federal Government aimed at providing high-quality housing for disabled tenants through the National Disability Insurance Scheme (NDIS).

With a rental return of $3,076 per week ($160,000 p.a)13.67% Net Return( 6% increase every year), this is an exceptional chance for investors to achieve attractive long-term rental yields with significant growth potential. All the hassle has been taken care of, so you can simply sign the paperwork and start reaping the rewards.

The 2 generous blocks on offer are approximately 455m2 and come with full planning approval and Torrens title. Each allotment will have NDIS approval for the construction of an SDA home, meaning you can take advantage of this fantastic government initiative and enjoy the benefits once the homes are built.

We can offer full turnkey price includes all landscaping, retaining, and fixtures and fittings required by the NDIS to complete the certificate. The nearby Tea Tree Gully Primary School and Banksia Park International High School make this an attractive location for families.

For more information on these allotments, please contact Marco Fellegvari on 0426 640 889. Don't miss out on this incredible investment opportunity!

Specifications:
CT / 5298/810
Council / City of Tea Tree Gully
Zoning / General Neighbourhood
Land / 455 m2
Frontage / 10.00 m
Nearby Schools / Tea Tree Gully P.S, Banksia Park International H.S

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.

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Property History for 155-157 Hancock Rd, Tea Tree Gully, SA 5091

A timeline of how this property has performed in the market
Last Sold
$975,000
31 May 2022
  • 02 Apr 2024
    Listed for Sale Not Disclosed
  • 17 Mar 2023
    Listed for Sale $380,000 to $400,000
  • 31 May 2022
    Sold for $975,000
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About Tea Tree Gully 5091

The size of Tea Tree Gully is approximately 4.3 square kilometres. It has 11 parks covering nearly 39.4% of total area. The population of Tea Tree Gully in 2011 was 3,124 people. By 2016 the population was 3,253 showing a population growth of 4.1% in the area during that time. The predominant age group in Tea Tree Gully is 40-49 years. Households in Tea Tree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tea Tree Gully work in a professional occupation. In 2011, 84.1% of the homes in Tea Tree Gully were owner-occupied compared with 81.9% in 2016.

Tea Tree Gully has 1,697 properties. Over the last 5 years, Houses in Tea Tree Gully have seen a 86.77% increase in median value, while Units have seen a 101.78% increase. As at 30 September 2024:

  • The median value for Houses in Tea Tree Gully is $778,129 while the median value for Units is $526,830.
  • Houses have a median rent of $580 while Units have a median rent of $293.
There are currently 7 properties listed for sale, and no properties listed for rent in Tea tree gully on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Tea tree gully.

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