29 Sturt Street, Angaston SA 5353

1920s stone B&B | dual-road double allotment | subdivision optional | Barossa tourism income The property’s competitive edge lies in its dual-road frontage on a 1,337m² double allotment, a rare configuration in central Angaston that allows immediate B&B operation or future subdivision. The renovated interior with polished floors and high ceilings preserves period character while the 9% building coverage leaves substantial land for shedding, gardens, or separate dwelling-subject to council consent. This suits buyers seeking a turnkey income property in a high-demand Barossa tourism corridor, or those wanting land bank potential with current cash flow from the existing B&B setup. The primary risk is the heritage overlay, which may limit subdivision or external alterations and add approval costs. The 2022 purchase price of $562,000 versus today’s $930,000 listing reflects significant renovation and land value uplift, but the current estimate of $938,000 suggests limited short-term capital growth margin. The weekly rental estimate of $520 (3.4% yield) is modest for the price, meaning the B&B operation is key to justifying the outlay. Hold this property as a dual-purpose holding-generate tourism income while pursuing subdivision or additional dwelling consent to unlock land value.