104 Old Port Wakefield Road, Two Wells, SA 5501

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Sold for $320,000 (May 28, 2020)

Character Double Storey Building Prime Location

Set in the heart of Two Wells main street precinct, The 707 square metre allotment has rear access from Petticoat Lane.

The building would respond beautifully to restoration to be the most imposing property in Two Wells.

There are currently 2 tenants with a rental income of 420 per week and accomodation for a further 3 tenancies.

The building comprises 2 shopfronts, the Real Estate office has the main office, kitchen facility & large cellar, The studio comprises main shop & kitchen facility.

Also downstairs there is a 1 bedroom unit with kitchen & bathroom facility.

The upper level comprises four main rooms with 2 kitchens & bathroom facilities. This is divided into 2 with the potential to have a fifth tenancy.

The property is sensibly prices & presents a great opportunity to secure a substantial investment property.

Property Info:
  • Property ID: L1400661
  • Property Type: Other
  • Land Area: 707.0 sqm
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R&H Suburb Profile: Two Wells

R&H Suburb Summary Houses
Number of sales 52
Average Price $312,933
Median Price $223,000
Median Rental Price $425 p.w.
Change in Rental Rate (5yr) 34 %
R&H Suburb Summary Units
Number of sales 0
Average Price $Infinity
Two Wells, SA - Median Trend