16 & 18 Loftis Rd, Elizabeth Downs SA 5113

Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market the opportunity to secure two semi-detached homes spanning over a generous 1,299sqm (approx) of land on 1 title - perfect for investors, developers, or those seeking a strategic real estate venture. Positioned in a sought-after neighbourhood with growing demand, this property presents endless possibilities, whether you wish to renovate, rent out, or develop. The potential to develop into four or more houses or a much-needed childcare centre adds further appeal for developers looking to maximise returns (STCA).

At #16, you'll find a tenanted home currently returning $250 per week under a secure lease until 4th April 2025, then rolling onto a periodic lease - providing an immediate income stream. With a bit of creative flair and renovation, you could easily add instant capital value to this property and increase the rental amount with current market trends.

Meanwhile, #18 is move-in ready, offering a fantastic opportunity to live in or secure new tenants at market value, approximately $420-$460 per week. Freshly painted and featuring new down lights and laminate flooring throughout, #18 has been tastefully updated to provide comfort and style.

Each home features a separate lounge room at the front, complete with reverse cycle air conditioning and a wood panel feature wall. The eat-in kitchens are equipped with electric appliances, laminate benchtops, and overhead cupboards, while #16 also includes a breakfast bar for added convenience.

Accommodation is well catered for with three carpeted bedrooms at #16 and three updated bedrooms at #18, which now boast new laminate floating floors. The bathrooms and laundries in both homes are functional and well-maintained, ensuring immediate liveability.

Outside, the potential is equally impressive. A porch overlooks the expansive backyard, offering ample space for children, pets, or future landscaping projects. Secure gates from the driveway lead to the backyard, providing ample off-street parking while a shed with concrete flooring adds further storage and utility options.

Key features you'll love about this home:

- Two semi-detached homes on a 1,299sqm approx block

- Potential to develop into 4 or more houses or a childcare centre (STCA)

- Potential combined rental income for both homes between $790-$860 per week

- #18 is freshly painted with new down lights and laminate flooring

- Separate lounge rooms with reverse cycle air-conditioning

- Off-street parking behind the double gates and a shed with concrete flooring

Nestled in a growing neighbourhood, this property is close to schools, parks, shopping centres, and public transport - ensuring strong rental demand and future capital growth. You are within walking distance to the local bus stop and Argana Park, offering access to multiple sporting clubs. Shopping options abound with Elizabeth Rise Shopping Centre, Munno Para Shopping Centre, and Elizabeth City Centre all nearby. Families will appreciate the proximity to Elizabeth Downs Primary School and Craigmore High School. Plus, with the Adelaide CBD just 40 minutes away and the renowned Barossa Valley a short 30-minute drive, this location offers both convenience and lifestyle appeal.

Don't miss this exceptional opportunity to capitalise on a high-potential property - whether you're looking to renovate, develop, or invest, the options here are endless!

Call Mike Lao on 0410 390 250 or Brendon Ly on 0447 888 444 to inspect!

Year Built / 1960 (approx)

Land Size / 1,299sqm (approx - sourced from Land Services SA)

Frontage / 22m (approx)

Zoning / GN-General Neighbourhood

Local Council / City of Playford

Council Rates / $1,625.30pa (approx)

Water Rates (excluding Usage) / $662.20pa (approx)

Es Levy / $88.35pa (approx)

Current Rental / 16 Loftis - Fixed lease of $250 pw until 4/4/25

Estimated Rental / 16 Loftis - $370-$400pw & 18 Loftis - $420-$460pw

Title / Torrens Title 5061/330

Easement(s) / Subject to easements over the land marked A & B to the minister of water resources & for sewerage purposes

Encumbrance(s) / Nil

Internal Living / 142sqm (approx)

Total Building / 194sqm (approx)

Construction / Brick Veneer

Gas / Not Connected

Sewerage / Mains

For additional property information such as the Certificate Title, please copy and paste this link into your browser: https://vltre.co/4Mun8Y

If this property is to be sold via Auction, the Vendors Statement (Form 1) may be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts.

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.