78 Thomas Street, Murray Bridge SA 5253

Corner allotment | 1955 stone & brick | 1321sqm with 12% coverage | Art deco character This property presents a rare combination of central positioning and significant landholding on a fully-serviced corner block. Its solid 1955 construction with art deco features offers a durable, character-filled home, while the minimal building coverage and large parcel create immediate subdivision or extension potential for a developer or owner-occupier seeking a long-term asset. The configuration suits a large family or an investor capitalizing on the four-bedroom format and strong rental yield. Proceed with a structural review of the 70-year-old stone and brick fabric, and commission a planning report to validate the development upside cited in the listing. The substantial price growth since its last sale demands a current valuation to anchor your offer. This property is a hold-and-adapt proposition; occupy the character home while securing permits, then execute a sensible development to crystallize the land value. **Sales Context:** * Last sold ~1999: $79,500 * 8 George Avenue: $429,000 (8 bed) * 2/64 Verdun Road: $485,000-$499,000 (2 bed) The decades-old sale price is irrelevant for today’s market. The provided comparables are not directly useful due to vastly different bedroom counts, suggesting the agent has not presented strong, like-for-like evidence. This lack of clear comps necessitates extra due diligence to justify the listed price point.