8 Reynold Street

Morphett Vale SA 5162

Sachin Malik from eXp Realty proudly presents this "Old but Gold" gem in one of the south's most in-demand suburbs Morphett Vale.Built in 1973, and positioned on a prime 612m (approx.) north-facing allotment with an impressive 18.3m frontage, this well-maintained family home is packed with potential whether you're an investor, developer, or future homeowner. With no easements on the property and a flexible periodic lease at $550/week, this is a secure set-and-forget investment in a booming southern corridor with a potential of future granny at the back( STCC) Key Features:Generous 612m block with 18.3m wide frontageNorth-facing entry ideal orientation for natural light and design flexibilitySubdivision potential (STCC) create two blocks and double the opportunitySolar Panels One massive car port for multiple car parks Massive storage as couple of Sheds at the back Secure front yard with fully fenced boundary and gated driveway perfect for privacy, safety, and peace of mindLeased at $550/week with a long-term tenant keen to stay3 spacious bedrooms, two with built-in robesSeparet study nookTwo living zones open plan lounge + oversized family roomDedicated home office/study spaceUpdated kitchen with dishwasher & ample storageGas heating & ducted evaporative coolingRoller shutters throughout for security and energy efficiencyOutdoor entertaining area all-weather usabilityMassive rear shed/workshop with power + secure carportLow-maintenance landscaping & plenty of off-street parkingNo easement rare advantage for developers or future plans **Potential of Granny Flat at the back- Solid Future Return ( Subject to Council Approval) Investor Snapshot:Current Rental Income: $550/week (periodic lease)New Rental Appraisal : $600 weekly (Available on request)Approx. Annual Outgoings:Council Rates: $1,600/year( Approx) Sewerage: $300/year (Approx) Building Insurance: $700/year (Varies) ** Interested buyers can ask for a periodic lease showing current rent and a new rental appraisal can be provided on request. Location Highlights:Quiet, family-friendly street with strong owner-occupier presenceZoned for Wirreanda Secondary SchoolClose to Flaxmill & Pimpala Primary SchoolsMinutes to childcare centres and early learning5 mins to Colonnades Shopping CentrePublic transport, parks & walking trails nearbyJust 10 minutes to southern beachesOnly 30 minutes to Adelaide CBD via the Southern ExpresswayThis property ticks all the boxes: a quality tenant, a sought-after location, and future development flexibility (STCC). Whether you're looking to expand your portfolio or explore development potential, this is a rare offering you don't want to miss.**Please Note: Photos and floor map used in this listing are from a previous campaign and may not reflect the property's current condition due to tenancy. Updated presentation may vary and will be evident during inspection** Enquire Today Rare Opportunity with Future Upside! Submit Your Offer: Submit Here:https://www.jotform.com/form/251458798455878 Contact Sachin Malik 0424 485 546 Licensed Real Estate Agent eXp RealtyRLA 332693 | RLA 300185Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website