199 Fletcher Road, Largs Bay SA 5016

1927 character home | 702sqm block | 16% building coverage | flood overlay noted This house offers a rare configuration edge in Largs Bay-a generous 702sqm parcel with only 109sqm built upon, meaning the buyer is acquiring land value with substantial rear yard potential. The 1927 build, floorboards, open fireplace, and split system provide immediate livability, while the seven parking spaces and secure parking are unusual for the area and appeal to families or those with vehicles, boats, or workshops. The property serves best a buyer seeking a character home with scope to extend or redevelop, supported by strong school catchment and coastal proximity. The flood overlay is the primary risk, requiring due diligence on insurance costs and council approvals for any future building works. However, the low building coverage and 702sqm lot create a clear opportunity to add a second dwelling, studio, or significant landscaping-mirroring the logic seen at 201 Fletcher Road. The reliable NBN and 5G coverage are supporting conveniences. Hold this property as a long-term land bank with immediate rental income potential, or renovate to unlock equity while the suburb’s median for three-bedroom houses sits at $980k.