2 Schumann Street

Positioned on a substantial 612sqm (approx.) corner allotment in the heart of Ingle Farm, this versatile property presents an outstanding opportunity for both investors and developers alike. Currently leased until March 2027 at $500 per week, the property offers immediate rental income while providing valuable time to explore future development opportunities (subject to the necessary consents). The existing three-bedroom home features a functional floorplan, a built-in robe to the main bedroom, a central bathroom and separate toilet, floorboards and ducted heating and cooling throughout. Whether you're seeking a set-and-forget investment, a future development site, or a project to renovate and add value, this property offers flexibility and long-term potential. Ingle Farm continues to attract strong buyer and tenant demand thanks to its convenient location, established infrastructure and ongoing growth. Families are drawn to quality local schools, including Ingle Farm Primary School, while nearby shopping centres, public transport and recreational facilities add to the suburb's broad appeal. For developers, the generous allotment and favourable location provide exciting possibilities to capitalise on future growth within this thriving northern corridor. Outside, the expansive backyard and additional shed enhance the property's practicality, while the sizeable landholding creates scope for future improvements or redevelopment (subject to council consents). Secure an income-producing asset today and position yourself for tomorrow's opportunities. Whether you're looking to invest, renovate, or develop, this is a rare chance to secure a property that delivers both immediate returns and future potential in one of Adelaide's most established growth suburbs. All information displayed has been supplied to Boffo Real Estate by third parties. While considered reliable, its accuracy has not been verified, is not guaranteed and no liability is accepted for any errors or omissions. Interested parties must undertake their own investigations or enquiries and not rely on any warranty, representation or assurance from the Vendor or its Agent in respect of the land or any improvements. The Vendor's Statement (Form 1), the Auction Contract and the Conditions of Sale will be available for perusal by members of the public - (A) at our office located at 78-80 North East Road, Walkerville for at least 3 consecutive business days immediately preceding the auction; and (B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences. Looking to purchase this property as an investment? Speak to our Property Management team to see how we can assist. RLA 313174