60 Eliza Street, Salisbury, SA 5108

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Auctioned for $460,000 (Apr 17, 2021)

A Huge Corner Allotment - A Property Developers Dream

Located close to Hollywood Shopping Centre, Salisbury City Centre and public transport routes is this very liveable Fibro 3 bedroom home situated on a huge dividable 826m2 level corner allotment just begging to be redeveloped into 3 or 4 homes STCC. There are many options existing for the astute investor – rent out the house and build 2 at the rear then 2 later STCC or plan now to redevelop the whole allotment. This property has many great features, some of which are as follows:

• Huge 826 m2 Level Corner Allotment

• Close to Hollywood Shopping Centre and Salisbury Centre

• Close to Main Public Transport Routes

• Close to Schools and Reserves

• Very Liveable and Spacious 3 Bedroom Home

• 4 Car Garage and Large Storeroom

• A Very Reasonable Price Expectation of $380,000

A further bonus to the investor and/or developer is that the home may be rented until your future development approval is granted providing valuable holding income. The Vendor has also expressed interest in renting back. This property release represents a rare opportunity to secure a prime corner allotment in a great location and has been listed for definite sale by Auction.

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Property Info:
  • Property ID: L6469806
  • Property Type: House
  • Garages: 4
  • Land Area: 826.0 sqm
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R&H Suburb Profile: Salisbury

R&H Suburb Summary Houses
Number of sales 126
Average Price $407,779
Median Price $386,000
Median Rental Price $360 p.w.
Change in Rental Rate (5yr) 22 %
R&H Suburb Summary Units
Number of sales 98
Average Price $260,161
Median Price $247,000
Median Rental Price $270 p.w.
Change in Rental Rate (5yr) 17 %
Salisbury, SA - Median Trend