8 Chillingworth Road, Elizabeth East, SA 5112

Attention astute investors and developers! On offer is the chance to purchase this standout investment opportunity. Recently renovated and ready to rent out, this delightful semi boasts both high rental yields as well as the rare chance to purchase the adjoining semi to make a stellar subdivision development (STCC).

Built in 1960 this single duplex has been beautifully renovated and comprises of three good sized bedrooms, a main living room as well as a combined kitchen and meals area. The current owners have installed new floating floors and window treatments throughout, rejuvenated the bathroom with a new vanity and tiles as well as updating the kitchen featuring new stainless steel electric cook top, oven and range hood, 2 pac cupboards with soft close drawers, square edge laminate bench top and new tile splash back for a fresh modern look and instant rent appeal. A new reverse cycle split system has also been installed, adding to the growing list of items to help generate great depreciation value.

Number 8 is currently rented out to great tenants for $220 per week for a fixed term till 26th Feb 2016 with current vacancy rates in Elizabeth East sitting around 1.2% and yield approximately 5.55% (depending on sources) you can instantly reap the rental rewards on offer. Ideally located just around the corner from Spruance Oval, bus stop, and local shops, just over 5 minutes walk to Elizabeth East Primary School and IGA store or 5 minutes by car to Elizabeth Shopping Centre, this investment offers the prime position you've been looking for.

Developers act fast to secure Number 6 for the perfect project, offering instant dual income and a profitable divine development opportunity. With a combined land size of 1,217sqm (approx) on a corner allotment with frontage of 30 meters width and 32 meters in length (approx) this is a remarkably rare find. Furthermore, the land is level and entirely easement free, zoned Residential R and ripe for redevelopment (STCC). You can keep the existing duplex and build at the back of both utilizing the second street frontage of the corner position or knock down, divide and develop the whole block ? the choice is yours.

This premier investment opportunity offers unbeatable price, position and potential! Such a stand out investment, this home is a developers dream or the perfect pick for a land lord?s portfolio, prime with possibilities. So do your numbers and put in an offer fast before it?s gone forever. For more information, call Mike Lao now on 0410 390 250.

Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.

Council / City of Playford
Built / 1960
Land / 639sqm (approx)
Internal /84sqm (approx)
Currently rented at $220