3 Vasey Street, Greenacres SA 5086

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3 beds

2 baths

2 parking

Significant Corner Allotment, Development Potential

Direct from the 1960's and being offered for the first time in the modern era, is this spacious timber framed home, (in need of maintenance and repair), is sited on a massive 970m² corner allotment.

Serious developers will certainly be enthralled by the future improvement potential that this outstanding and rare offering provides. Similar allotments in the area have already been subdivided and developed into 2 or more new homes, so get creative and do the maths, this one will certainly sell quickly.

The existing residence is in fair condition and could be rented out while you plan your pre-development. With 3 bedrooms, 2 living areas, 2 bathrooms and covered vehicle accommodation for up to 4 cars, the home will provide adequate accommodation for interested tenants while offering a handy income stream while you are engaged in the planning process.

The allotment offers secure fencing all round and has the potential to support two new double garage homes, (STCC), with ease of access across over 50m of street frontage.

Creative developers will also want to explore the possibility of building 3 residences, subject to the lenient approval from Port Adelaide/Enfield Council.

A rare and highly sought after allotment that will be of interest to casual investors, seasoned developers and those who desire a future proof purchase in today's active property market.

Briefly
* Timber framed home of 5 main rooms on large allotment
* Significant 970m² (approx) block on outstanding corner position
* Combined street frontage of over 50m
* Potential for subdivision and urban revitalisation
* Room for 2, double garage, new dwellings (STCC)
* Existing residence with potential to rent out while you plan your future
* 3 Bedrooms, 2 living areas & 2 bathrooms
* Extensive verandah areas
* Oversized, lock-up double garage of 7.6 × 7.0m approx.
* Long, two-car carport
* Secure high fencing all round
* Level allotment in a great family friendly location
Peacefully located within easy reach of all desired amenities and centrally positioned between St Martin's Primary (just down the street) & Hampstead Primary (just around the corner). Other quality schools include Enfield Primary, Hillcrest Primary, Our Lady of The Sacred Heart, Cedar College and Heritage College.

Greenacres Reserve and The Gaza Sports & Community Club are both nearby with playgrounds, tennis courts and ovals, great for your daily sport and recreation. The parks and reserves of Northgate are also in the local area. Both Northgate Plaza and Greenacres Shopping Centre will provide quality shopping amenities and public transport is only a short walk away.
A very desirable offering that will suit both developers and investors.

Property Details:
Council | Port Adelaide Enfield
Zone | R - Residential64 - Residential East
Land | 970sqm (Approx.)
House | 110sqm (Approx.)
Built | 1956
Council Rates | TBC
Water | TBC
ESL | TBC

Property Details

• Type: House
• Bedrooms: 3
• Bathrooms: 2
• Garage Spaces: 2