7 Sherwood Road, Murray Bridge, SA 5253

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For sale

$649,000

Development Opportunity - Residential Zoning

Already featuring a high quality home with great re-sale potential and rental value, this substantial land holding of 7987m2 is zoned residential and is ideal for developers seeking an immediate land division or long term retention.

Situated in an increasingly popular western area and within close proximity of numerous retail facilities, location is ideal for those seeking maximum re-sale value on residential allotments. STCC there is the potential for up to a further 8 allotments in addition to the existing home while power and water is accessible and favourable to limiting development costs.

The land currently incorporates massive shedding totaling over 400sqm, the residential home is modern in design and has endless features. A short preview appears below:

- Immaculately presented with ample features

- 3 double bedrooms, 2 bathrooms(executive style ensuite)

- Large open plan kitchen, living, dining

- R/C S/S A/C plus c/fans

- Large kitchen with upgraded features

- Spacious rear entertaining area plus side veranda

- Double garage

- Established, low maintenance yards

- Rainwater plumbed to the home

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Senior Property Consultant
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Principal

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Property Info:
  • Property ID: L917039
  • Property Type: House
  • Building / Floor Area: 376 sqm
  • Carports: 2
  • Open Parking: 10
  • Land Area: 7987.0 sqm
We Know Your Area
R&H Suburb Profile: Murray Bridge

R&H Suburb Summary Houses
Number of sales 166
Average Price $229,439
Median Price $222,000
Median Rental Price $255 p.w.
Change in Rental Rate (5yr) 4 %
R&H Suburb Summary Units
Number of sales 8
Average Price $312,875
Median Price $175,000
Median Rental Price $210 p.w.
Change in Rental Rate (5yr) 5 %
Murray Bridge, SA - Median Trend
$222,000