306-308 Main South RoadMorphett Vale SA 5162
Property Details for 306-308 Main South Rd, Morphett Vale
Last Listing description (March 2021)
This is an incredible chance for those looking for an astute investment opportunity or an ideal future development site.
Positioned on approximately 2588sqm across three separate titles.
Currently tenanted and utilised as a school on a 3 + 1 + 1 year lease returning $52,121.76 per annum paid monthly.
Council approved development plans and designs are in place for 10 two storey townhouses. (Approvals available upon request)
This substantial land holding offers multiple options for future financial returns and it represents great value with a healthy holding income and would suit either developers, builders or investors.
Call Troy Tyndall on 0401 661 997 for further information about this exciting opportunity.
Council- Onkaparinga
Zoned- R-residential
Land Size- 2588m2 approx.
** All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.
RLA 61345 RLA 282965 RLA 231015
Property History for 306-308 Main South Rd, Morphett Vale, SA 5162
- 20 Aug 2026Sold for $2,720,000
- 04 Mar 2021Transferred
- 04 Mar 2021Transferred
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0About Morphett Vale 5162
The size of Morphett Vale is approximately 12.8 square kilometres. There are 48 parks, covering nearly 16.5% of the total area. The population of Morphett Vale in 2016 was 23140 people. By 2021 the population was 24002 showing a population growth of 3.7% in the area during that time. The predominant age group in Morphett Vale is 30-39 years. Households in Morphett Vale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morphett Vale work in a community and personal service occupation.In 2021, 69.00% of the homes in Morphett Vale were owner-occupied compared with 67.70% in 2016.
Morphett Vale has 11,654 properties. Over the last 5 years, Houses in Morphett Vale have seen a 121.41% increase in median value, while Units have seen a 124.24% increase. As at 31 July 2026:
- The median value for Houses in Morphett Vale is $832,970 while the median value for Units is $619,550.
- Houses have a median rent of $600 while Units have a median rent of $500.
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