22-24 Maud Street, Ethelton SA 5015

Character maisonettes | 1880 period features | single title conversion potential | reliable tenancy | flood overlay noted This property presents a competitively strong proposition due to its rare configuration of two character homes on one title, offering immediate rental income with a clear path to a substantial single residence. The retained 1880s features and generous outdoor space solidify its appeal in a market that values authenticity. It serves the strategic buyer seeking a low-management entry with optionality, either as a dual-income holding or a future large character home in a established location. The primary decision hinges on navigating the identified flood overlay, which necessitates immediate due diligence on insurance costs and potential building modifications. The commercial logic is clear: acquire under its current tenanted income, then assess the cost-benefit of a future conversion against the premium for larger period homes. Hold as a dual income property while finalizing conversion plans and mitigating flood risk. A Propcred report would precisely quantify its market valuation against comparable period sales and detail the locality’s flood risks and heritage status to inform your capital outlay.