26 Phillips StreetMurray Bridge SA 5253
Property Details for 26 Phillips St, Murray Bridge
26 Phillips St, Murray Bridge is a 3 bedroom, 1 bathroom House with 11 parking spaces and was built in 1966. The property has a land size of 3587m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (December 2019)
A big flat 3584m2 allotment with exceptional sub division potential or to simply generate a very good income, this property is a sure thing.
Currently established with significant equestrian facilities the existing improvements include twelve stables, a round yard, tack room, basic stable accommodation, huge secure parking and a significant solid brick, three-bedroom home.
The potential rental return is between $600 to $690 per week. The house is appraised to return approx. $250-$270 per week, the 12 x stable boxes approx. $25-$30/wk each ($300-$360/wk total) and the stable accommodation is worth approx. $50-$60/wk. With current bank repayments estimated at approx. $315 per week there are significant weekly profits available.
For developers the property is situated in a residential zone and would suit entry level or small to medium developers looking for a firm project. With easy access to services, a nice flat allotment and the benefits of being a corner allotment the property is perfect for development. Furthermore, demand for quality two to three-bedroom homes in Murray Bridge remains high as there is a significant gap in this market in the region. A surveyed development concept/draft is available upon request.
Located close to the existing Murray Bridge Race Track and Golf Course and surrounded by new development the property is well positioned to capitalise on recent renewal and ongoing rejuvenation of the area through property development. Or, if you wish to capitalise on the properties proximity to horse racing facilities simply grab the key and enjoy the strong investment return.
Held in the family for two generations the remaining family members have instructed us to present the property to market at wholesale cost in line with land development prices to ensure a quick sale.
To arrange an inspection of this property please contact Angus Campbell on 0411 737 794
Features:
3584 m2 allotment
Solid Brick 3 bedroom home (incl. built ins)
12 walk-in/walk-out stables
Round yard
Feed and Tack room
Basic wet area and worker quarters (stable accommodation)
Significant Secure Parking for large vehicles and horse floats
Close to Murray Bridge Primary and Secondary Schools and Unity College
Close to Murray Bridge Golf Club and Old Race Course
*Please make your own enquiries regarding finance approvals, development approvals and rental returns.
*A Property Management Rental Appraisal can be provided upon request.
*A Residential Development draft concept is available upon request.
*For finance options, please contact finance broker Danae Reed of Loan Market on 0429 398 329
Property History for 26 Phillips St, Murray Bridge, SA 5253
- 27 Dec 2019Sold for $262,500
- 11 May 2019Listed for Sale $289,000 - $309,000
- 18 Jun 2018Listed for Sale $325,000
Recent sales nearby
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About Murray Bridge 5253
The size of Murray Bridge is approximately 25.4 square kilometres. It has 54 parks covering nearly 8.6% of total area. The population of Murray Bridge in 2016 was 14560 people. By 2021 the population was 15043 showing a population growth of 3.3% in the area during that time. The predominant age group in Murray Bridge is 30-39 years. Households in Murray Bridge are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Murray Bridge work in a labourer occupation.In 2021, 54.90% of the homes in Murray Bridge were owner-occupied compared with 52.50% in 2016.
Murray Bridge has 8,541 properties. Over the last 5 years, Houses in Murray Bridge have seen a 145.81% increase in median value, while Units have seen a 144.52% increase. As at 31 December 2025:
- The median value for Houses in Murray Bridge is $546,033 while the median value for Units is $413,413.
- Houses have a median rent of $485 while Units have a median rent of $410.
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