10 Carruthers Drive, Modbury North SA 5092

24m frontage opposite reserve | 996m² ripe for triplex | 5-bed solid 1984 build | subdivision upside without overlays The property’s primary buying case rests on its subdivision potential into three titles, a rare configuration in Modbury North given the 24-metre frontage and absence of bushfire, flood, or heritage constraints. The existing 5-bedroom, 3-bathroom house is large enough to hold as a rental during the approval process, effectively letting the land pay for itself. The east-facing reserve opposite adds passive amenity, and the 5G and FTTP connectivity support modern occupier expectations. This suits a buyer with medium-term development intent or a family wanting to hold land with option value. The main risk is council approval timing and cost for subdivision, which can stall returns by 12–24 months and add holding costs. The 60% site coverage and 7-metre roof height limit some reconfiguration options without demolition. Opportunity lies in the 2014 purchase price of $530K-current estimates above $1.2M suggest the land has already appreciated significantly, so the buyer is paying for the subdivision potential, not the house. Hold it as a tenanted property while pursuing the three-title path, or renovate and sell the house alone if approval proves uneconomic.