17 Twentyfirst Street, Renmark SA 5341

Large riverfront block | 4-bed house on 4000sqm | Bridge reconstruction underway | Rare land holding in town This property’s primary strength is its substantial 4000 square metre landholding, a rare offering within a regional town that provides significant scarcity value and future flexibility. The four-bedroom house serves the family or lifestyle buyer, but the land itself is the core competitive position, offering potential for subdivision or redevelopment subject to council zoning. The ongoing reconstruction of the critical Twentyfirst Street Bridge, due for completion in 2025, is a material positive that will restore and secure long-term access, directly addressing a known location risk. The central risk is its location in a demonstrated flood-prone area, with the 2022 damage necessitating the major bridge works. This imposes potential future insurance costs and periodic access disruption, effectively a holding cost that discounts the property’s value. For a buyer, the opportunity is to acquire a large, strategic block at a price that factors these risks, with a view to a long-term hold. The commercial logic is clear: secure a scarce land asset now, endure the short-term infrastructure works, and realise the upside post-2025. This is a patient capital play, not a short-term proposition. The property last sold for $540,000 in March 2018. This historical sale price anchors the substantial capital growth achieved, underscoring the value of large land parcels in the area over a medium-term hold.