39 Goodfellow Road, Bagot Well SA 5373

2-bedroom house on 21.8 hectares | 100m² building with dual living areas | built 1980 | rural lot with no overlays | suited to farmer or investor The buying case rests on the land-to-dwelling ratio: under 1% building coverage on a productive rural lot near Kapunda schools and with reliable NBN and 4G. This is rare for a sub-$1.2M listing. The two separate living areas and workshop add functional depth for a farmer needing on-site storage or a rental investor targeting long-term tenants. The absence of bushfire, flood, or heritage overlays simplifies due diligence and future use. The main risk is the house itself. At 100m² with one bathroom and 1980s construction, it is a secondary structure on a land-dominant holding. Renovation or replacement costs will be high relative to the building’s current value. The land’s non-residential use designation should be confirmed for intended dwelling occupancy. For a buyer seeking a lifestyle block with income potential, the property works best held as a land bank or leased for grazing while the house provides basic shelter.