Here is a golden opportunity to purchase a cute country cottage situated on a very generous 2023sqm approx or a terrific development site. Perhaps you could live in the existing home for now, and sometime down the track build the home of your dreams?
The real value here is the size of the land and the location backing onto the River Bungala as it does. Imagine your Home overlooking the beautiful River and Rural Land. One could only imagine the views and serenity from the rear veranda – perfect with a glass of wine, whilst watching the kids catching yabbies and enjoying the natural environment right at their own back door.
This a great way to break into the property market for someone on a budget. A bit of enthusiasm to revamp the basics already there and you will produce a great result for not a lot of money and endless possibilities for the future. Compared with remaining in the rental market this makes a lot of sense. The current low interest rate environment and rates likely to move lower yet – means now is the perfect time to make a start!
For the developer there is the potential of rental in the short term and later demolition for redevelopment and even possible subdivision STCA. This is a large allotment so the opportunities are varied looking forward. The position of the property relative to services in Yankalilla and Normanville is excellent and sure to add value in years to come.