195 Hancock Road, Tea Tree Gully, SA 5091

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Hold the Phones - 1 & only inspection.. Then it's GONE !

This 720m2 (approx.) corner allotment with street front dimensions of around 19mtrs x 38mtrs features a modest 3 bedroom, 1960 “war-service” style fibro cottage and makes for an ideal development site, to either demolish and build your dream home or divide & develop ( STCC ).

Aside from potential development opportunities the location is the real drawcard !

Situated just 400mtrs from St Agnes shopping centre and with public transport just 20mtrs from your door, this property is surrounded by a number of recent and previously re-developed sites providing a comprehensive sales history (for those crunching the potential ROI numbers), and being surrounded by a vast array of schools, shops, restaurants, attractions & ammenities ensures that the location remains desirable to a wide market segment for many years to come.

As an additional point of consideration the current residence is in largely original condition but is still habitable with a modest rental appraisal of between $230 to $250 per week being possible “as is”, so there is always the ability to offset some of the expenses while you’re awaiting any possible development/sub-division approvals or applications.

As the site is offered in an “as is” condition for potential development opportunities, the vendors do not guarantee the working condition of any fixtures, equipment or appliances within the property and potential purchasers should assess the suitability of the property against their own personal needs and financial circumstances.

Only inspection – Thursday 14th February 5:30pm to 6:15pm.

Property Info:
  • Property ID: 20394952
  • Property Type: House
  • Building / Floor Area: 84 sqm
  • Carports: 1
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R&H Suburb Profile: Tea Tree Gully

R&H Suburb Summary Houses
Number of sales 58
Average Price $480,342
Median Price $450,000
Median Rental Price $340 p.w.
Change in Rental Rate (5yr) -3 %
R&H Suburb Summary Units
Number of sales 3
Average Price $256,667
Median Price $269,000
Median Rental Price $290 p.w.
Change in Rental Rate (5yr) 53 %
Tea Tree Gully, SA - Median Trend