7 Austin Street

Nestled in the serene suburb of Clapham the property presents an unparalleled opportunity for savvy investors, multi generations living and developers. This expansive 1960 sqm property is a rare gem, offering versatility and significant capital growth potential. Whether you're looking to develop (subject to consents), invest in a prime holding, or cater to multigenerational living, this property opportunity has it all. Secure this dynamic asset that caters to a lucrative rental market while offering flexibility for development. With three distinct residences on the property, each offering independent living, this estate is an ideal choice for investors seeking diverse revenue streams or prime multigenerational living. Residence 1: A spacious family home with four bedrooms plus a home office and study area, multiple living areas, family kitchen, dining, and meals area. The outdoor entertainment space, complete with swimming pool and expansive lawns, promises long term family flexibility or rental appeal. Residence 2: Located with street frontage, and accessible via its private entrance and garden. This three-bedroom home includes an open-plan living, dining, and kitchen area, complimented by a main bathroom and ensuite. Perfectly suited for families or professionals, its autonomy enhances rental desirability. Guest House: Securely positioned towards the rear and includes an open plan bedroom and living space, ensuite bathroom, kitchenette and private courtyard. Additional Features: - Heating and cooling throughout - Solar panels - Automatic gate to rear - North facing and very spacious rear yard This property opportunity is defined by its financial prospects - multiple tenancies and rental income stream, while the substantial land size offers development potential, allowing for future growth and diversification opportunities (subject to consents). Renowned tranquillity and proximity to Adelaide's foothills, this address benefits from excellent transport links, making commuting a breeze. It is strategically positioned near quality schooling options and shopping facilities, heightening its appeal to prospective tenants. Undercover spaces for four vehicles and ample off-street parking available. Local Council: Mitcham Council rates: $5,132.00pa approx Land size: 1960 sqm approx. SA Water: $421.55pq approx Year built: 1971