1-5/26 Fleming Avenue, Ridgehaven, SA 5097 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Auction On-Site Saturday 22nd August 2:00PM

1-5/26 Fleming Avenue
Ridgehaven SA 5097

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Land area: 1510m2
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Auction Time
Sat 22 Aug 2:00 pm
Inspection Times
No upcoming inspections scheduled.
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An Entire Five-Unit Complex with Income from Day One.

A truly rare offering of all five individually titled residences within this well-maintained Fleming Avenue complex, this is a rare chance to acquire an entire development with every unit already tenanted and generating income from day one. Rather than building a portfolio one property at a time, investors can secure five established rental assets in one connected north-east location - creating an immediate revenue stream alongside valuable long-term holding potential. Generating an annual income of $125,320 for the current tenancies in place, with potential for future rental growth.
Each unit offers a spacious and practical two-bedroom layout, with light-filled living and casual meals zones flowing into contemporary kitchens featuring excellent bench space and ample storage. Well-sized bedrooms, updated bathrooms, separate laundries and split-system air conditioning reinforce their enduring tenant appeal, while private outdoor areas add lifestyle space rarely associated with conventional unit living. Modern updates provide comfortable interiors as they stand, with further scope to cosmetically enhance individual residences over time and potentially strengthen future returns.
Positioned moments from Westfield Tea Tree Plaza, the group places major shopping, supermarkets, dining, cafés, cinemas and public transport within effortless reach. This combination of established occupancy, everyday tenant convenience and the simplicity of five residences held within one compact complex makes it an exceptional proposition for seasoned investors, syndicates or buyers ready to secure scale, instant income and long-range value in one strategic acquisition.
FEATURES WE LOVE
• Rare opportunity to acquire all five units within one well-maintained residential complex
• Individually titled
• Every residence currently tenanted, providing an immediate rental income stream
• Spacious living + casual meals zones filled with natural light
• Contemporary kitchens featuring excellent bench space + ample storage
• Two well-sized bedrooms to each residence with wide windows
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Property Details for 1-5/26 Fleming Ave, Ridgehaven

1-5/26 Fleming Ave, Ridgehaven is a 10 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 1510m2. The place is currently for sale with Ray White Norwood.

Building Type
BlockOfUnits
Land Size
1510m2
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About Ridgehaven 5097

The size of Ridgehaven is approximately 2.1 square kilometres. There are 12 parks, covering nearly 13.0% of the total area. The population of Ridgehaven in 2016 was 4008 people. By 2021 the population was 4304 showing a population growth of 7.4% in the area during that time. The predominant age group in Ridgehaven is 30-39 years. Households in Ridgehaven are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ridgehaven work in a professional occupation.In 2021, 70.20% of the homes in Ridgehaven were owner-occupied compared with 71.40% in 2016.

Ridgehaven has 2,186 properties. Over the last 5 years, Houses in Ridgehaven have seen a 94.18% increase in median value, while Units have seen a 112.54% increase. As at 31 July 2026:

  • The median value for Houses in Ridgehaven is $919,946 while the median value for Units is $637,427.
  • Houses have a median rent of $620 while Units have a median rent of $520.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Ridgehaven on OnTheHouse. According to Cotality's data, 139 properties were sold in the past 12 months in Ridgehaven.

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Oliver Bishop
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Linda Clemente
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Ray White Norwood
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