155-157 Hancock RoadTea Tree Gully SA 5091
Property Details for 155-157 Hancock Rd, Tea Tree Gully
155-157 Hancock Rd, Tea Tree Gully is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 1838m2 and floor size of 172m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (April 2024)
Marco Fellegvari and EXP Realty are delighted to present an exciting investment opportunity located in the heart of Tea Tree Gully. Introducing SDA Housing, an innovative initiative by the Federal Government aimed at providing high-quality housing for disabled tenants through the National Disability Insurance Scheme (NDIS).
With a rental return of $3,076 per week ($160,000 p.a)13.67% Net Return( 6% increase every year), this is an exceptional chance for investors to achieve attractive long-term rental yields with significant growth potential. All the hassle has been taken care of, so you can simply sign the paperwork and start reaping the rewards.
The 2 generous blocks on offer are approximately 455m2 and come with full planning approval and Torrens title. Each allotment will have NDIS approval for the construction of an SDA home, meaning you can take advantage of this fantastic government initiative and enjoy the benefits once the homes are built.
We can offer full turnkey price includes all landscaping, retaining, and fixtures and fittings required by the NDIS to complete the certificate. The nearby Tea Tree Gully Primary School and Banksia Park International High School make this an attractive location for families.
For more information on these allotments, please contact Marco Fellegvari on 0426 640 889. Don't miss out on this incredible investment opportunity!
Specifications:
CT / 5298/810
Council / City of Tea Tree Gully
Zoning / General Neighbourhood
Land / 455 m2
Frontage / 10.00 m
Nearby Schools / Tea Tree Gully P.S, Banksia Park International H.S
RLA 300 185
Disclaimer: 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.
Property History for 155-157 Hancock Rd, Tea Tree Gully, SA 5091
- 02 Apr 2024Listed for Sale Not Disclosed
- 17 Mar 2023Listed for Sale $380,000 to $400,000
- 31 May 2022Sold for $975,000
Recent sales nearby
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About Tea Tree Gully 5091
The size of Tea Tree Gully is approximately 4.3 square kilometres. It has 11 parks covering nearly 39.4% of total area. The population of Tea Tree Gully in 2016 was 3242 people. By 2021 the population was 3499 showing a population growth of 7.9% in the area during that time. The predominant age group in Tea Tree Gully is 50-59 years. Households in Tea Tree Gully are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tea Tree Gully work in a professional occupation.In 2021, 84.40% of the homes in Tea Tree Gully were owner-occupied compared with 81.90% in 2016.
Tea Tree Gully has 1,702 properties. Over the last 5 years, Houses in Tea Tree Gully have seen a 96.39% increase in median value, while Units have seen a 126.43% increase. As at 31 December 2025:
- The median value for Houses in Tea Tree Gully is $920,963 while the median value for Units is $615,383.
- Houses have a median rent of $600 while Units have a median rent of $295.
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