28 Lutterworth Street, Macclesfield SA 5153

2 bed modern house | large 1818m² land | 11% building coverage | bushfire overlay | last sold 1994 This property presents a low-density living proposition on a substantial parcel, rare for a two-bedroom configuration. Its minimal building footprint and significant land holding offer immediate utility and future flexibility, serving buyers seeking space over sheer scale. The extended ownership period suggests latent equity potential and a stable, settled streetscape. It aligns best with downsizers or professionals desiring a rural character with modern home efficiencies. The primary risk is the bushfire overlay, which imposes specific construction standards and may affect insurance premiums. The compact two-bedroom layout limits broad rental appeal, though the estimated rental yield is consistent with the area. Opportunity exists in subdividing the generous lot, subject to council planning. Acquire as a long-term hold to capitalise on land value, not for near-term yield expansion. Nearby sales indicate strong land value: 20 Lutterworth Street, a three-bedroom on 2535m², sold for $830,000. The closer comparison is 28 Luck Street, where 2074m² of vacant land sold for $429,000 in January 2026 and is now estimated at $767,000. This confirms the high premium for land in the area and suggests the existing dwelling here, while modest, secures a valuable and immediately habitable position on a similar-sized lot.