Exclusive Off-Market Opportunity: Premium 660 sqm Corner Block with Future Subdivision Potential!
The Ultimate Real Estate Trifecta: Immediate Cash Flow, High-Growth Location, & Future Development Upside

Presented exclusively off-market through Arsh Sidhu at First Move Real Estate, 1 Walpole Street represents an extraordinary opportunity for astute investors and forward-thinking developers alike.

Positioned on a prime, flat 660 square metre corner allotment with no easements and no significant trees to restrict your vision, this property is uniquely primed for a smooth, high-yield future subdivision (STCC – Subject to Council Consent). Whether your goal is to landbank a cash-flowing asset or kickstart a lucrative development, this property provides the perfect layout to make it happen.

A Solid Property with Modern Comforts
At the heart of the block sits a classic, rock-solid 1965 double brick home kept in exceptionally neat, highly liveable, and functional condition.

• The Layout: Features 3 well-proportioned bedrooms, a central family bathroom, a separate toilet, and a dedicated laundry area for ultimate convenience.
• Year-Round Comfort: Unlike standard rentals, comfort is maximized here with individual split-system air conditioning units installed in every single bedroom as well as the main lounge area.
• Outdoor Entertaining: A large, expansive backyard pergola offers a fantastic outdoor entertainment zone, a major selling point for quality long-term tenants.
• Energy Efficiency: Equipped with a 3.3 kW solar system to drastically reduce power bills.

Immediate, Guaranteed Returns
Skip the stress of finding a tenant in a fast-moving market. This property comes with reliable cash flow from day one:
Current Rent: Leased at $500 per week.
Lease Term: Secured until December 2026, allowing you a stress-free transition through settlement.
Future Growth: Exceptional rental upside with a projected renewal path to $530 per week, bolstering your investment yield.

Strategic Development & Investment Timeline

This property allows you to execute a flawless multi-stage investment strategy:
Phase 1 (Now until Dec 2026): Settle with the tenant in place and immediately start collecting $500/week in passive income.
Phase 2 (The Waiting Period): While the lease runs its course, work alongside your planners to secure council subdivision approvals for the corner block.
Phase 3 (The Payoff): When the lease expires in late 2026, either break ground instantly to build two high-return dwellings, or seamlessly renew the tenant at $530/week and watch your capital growth compound in one of Adelaide’s fastest-moving northern corridors.

Location Highlights & Suburb Growth
Davoren Park is currently experiencing an unprecedented surge in demand, fueled by its affordability, infrastructure connectivity, and exceptional rental yields.

• Situated with rapid access to the standard northern transport veins, the absolute convenience of nearby shopping precincts (including Eyre Village and Elizabeth Shopping Centre), and local parks.
• Located within easy reach of reputable schooling options like John Hartley School and Swallowcliffe School.

This is an exclusive, off-market opportunity.

To secure your private inspection, contact Arsh Sidhu today on 0469 073 272. Make your first move with us!

*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, inclusions, exclusion, omission) Interested parties should make their own enquiries and obtain their own legal advice. As well as all parties must view the property in person to make sure it reflects the list of inclusions listed in this ad.

RLA 326926