24 Milnes Road, Strathalbyn SA 5255

Large block with 8-car shed | central walk to town | 1960s house on wide frontage | bushfire overlay This property’s competitive strength lies in its rare combination of a large, central block with exceptional shedding, offering immediate utility and latent subdivision potential that exceeds typical Strathalbyn offerings. It serves families or lifestyle buyers seeking space and workshop capacity within walking distance of amenities, a profile in steady regional demand. The 1960s house represents a renovatable base on land that provides a significant positional advantage. The primary cost is managing the bushfire overlay, while the older house necessitates capital for modernisation. The commercial logic is to secure the land asset for its scarcity, with a hold strategy to renovate for premium rental yield or to later subdivide. Acquire for land value and hold for strategic improvement. Recent comparable sales indicate strong local momentum: • 15 Milnes Rd sold for $710,000 in April 2024. • This demonstrates a robust market for three-bedroom homes on Milnes Road, supporting the valuation estimate for number 24.