1-5/24 Mawson Road
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About this property
An outstanding opportunity presents itself at 1-5/24 Mawson Road, Salisbury, offering investors the rare chance to secure an entire group of five one-bedroom units on a generous 1,040sqm allotment. Opportunities like this are seldom available and present immediate rental income with exciting potential to further enhance and add value over time. Each unit is currently tenanted, providing a combined rental return of $1,550 per week, making this an attractive addition to any investment portfolio. The units are well maintained and in good overall condition, while also offering scope for cosmetic upgrades or renovations to further maximise rental returns and capital growth. Investment Highlights: • Entire group of 5 one-bedroom units offered in one line • Positioned on a substantial 1,040sqm allotment • Current total rental return of $1,550 per week • Unit 1 - $350 per week • Unit 2 - $300 per week • Unit 3 - $250 per week • Unit 4 - $300 per week • Unit 5 - $350 per week • Units in good condition with potential to renovate and add value • Ideal opportunity for investors seeking strong cash flow and long-term growth Perfectly positioned in the heart of Salisbury, the property is conveniently located close to local shops, schools, public transport, and major amenities, making it an appealing option for tenants and investors alike. This is a rare and versatile investment opportunity with immediate income and the potential to unlock further value in the future.
Property Details
- Property Type
- land
- Listing Type
- Sold
- Bedrooms
- 5
- Bathrooms
- 5
- Land Area
- 1036 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Salisbury
This 5-bedroom land in Salisbury, SA 5108 sits within reach of public transport, local shops and nearby schools. It is listed 161% above the $649,000 median of 66 comparable landswithin 5 km.
Schools near Salisbury
- St Augustine's Parish Schoolprimary · R-6 · CoEd
- Indie School Salisbury Campussecondary
What's nearby
- Stop 49 Church Street - West side (bus) — 355 m away
- Baba Bakery — 296 m away
- Unnamed — 83 m away
- Salisbury Civic Plaza / Inparrinthi Kumangka — 441 m away
- Unnamed — 609 m away
Salisbury at a glance
Full suburb profile- Population
- 8,841
- Median age
- 37
- Household income
- $1,029/wk
- Median rent
- $260/wk
- Median mortgage
- $1,213/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Salisbury price trend
Median sold · House 3 bed
Compound growth +19.7% / yr over 4 yrs
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