23 Ferguson Avenue, Myrtle Bank, SA 5064

Searching for the perfect spot to build your dream home in the Eastern suburbs? Or are you seeking the right site for your next property development? The golden rule is 'location, location, location', and this is IT! Situated in leafy Myrtle Bank, amongst other well established character homes, 23 Ferguson Avenue is a dream location ripe for development. 882m2 of land with a wide, 15.24m frontage makes this a great investment for the savvy buyer.
For those wishing to flex their property development muscles, the land can be subdivided to allow for two semi detached dwellings (STCC) offering you the chance to sell both or live in one and sell the other. Alternatively, build your dream home on this north facing site in one of Myrtle Bank's loveliest streets, handy to Burnside Village, Frewville Shops and close to Glenunga International High School.
Currently this property includes a very habitable solid brick house with tidy gardens, window box and large colonial windows. Spacious neutral living, dining, separate kitchen and adorable original bathroom plus 3 double bedrooms make this a bright and livable home with beautiful art deco ceiling roses and ornate cornicing. The rear yard includes two big sheds, large sunny lawn and extensive chook yard. It has enough attractive features to ensure it would respond well to refurbishment, making it an affordable starter home or downsizer with good opportunity for capital growth. Currently tenanted for $390 pw, it also works well as a rental investment.
You cannot go wrong with this location and with a very realistic price expectation there is plenty of scope in this large allotment.

RLA 2048

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