28 Gray Street, Murray Bridge SA 5253

Central Murray Bridge | 750m² allotment | 1979 character home | pool and granny flat potential | dual living appeal This property presents a rare configuration in a central location. The 750m² block with only 41% building coverage leaves significant land value, while the separate sleepout offers immediate granny flat conversion potential — a strong lever for investors or multigenerational buyers. The soaring raked ceilings, exposed brickwork, and preserved original bathroom give it a character edge that newer builds lack, and the sunken lounge with built-in bar and combustion heater creates a distinct lifestyle offering. It best suits buyers seeking space, flexibility, and a property that can generate supplementary income without major renovation. The primary risk is the 1995 purchase history and lack of recent upgrades — deferred maintenance on the original bathroom and pool should be inspected closely. The NBN FTTB connection is adequate but not a premium feature. However, the absence of bushfire, flood, or heritage overlays simplifies future development, and the central Murray Bridge location near the golf course and town centre supports steady rental demand. For a buyer willing to invest in cosmetic updates, the gap between current value and potential post-renovation value is meaningful.