533 States Road, Hackham SA 5163

1973-built 3-bed house | 681m² lot with subdivision potential | Updated kitchen & double-glazing | 40min to CBD | Southern pocket high demand This property presents a strong foundation purchase in a high-demand location, combining a liveable, updated home on a large, developable block. The recent upgrades to the kitchen, flooring, and windows modernize the 1970s structure for immediate occupancy, while the 681m² lot size and stated development potential offer a strategic land bank. It best serves an owner-occupier seeking space and future optionality, or an investor-builder positioned for a subdivision play subject to council consent. The primary risk is paying a premium for potential that remains unrealized without costly and uncertain council approval. The broad price range reflects this speculation. The commercial logic is to secure the lot at a price that values the existing house alone, treating any approval as upside. Acquire as a long-term hold, occupying while pursuing plans, or develop to capitalize on the southern corridor’s demand. While specific comparable sales for Hackham are noted as available but unspecified in the provided data, a listed property at 8 Gulfview Road, Christies Beach at $1.25m-$1.35m indicates stronger pricing in adjacent beachside suburbs. This underscores the value proposition here: acquiring land with potential in Hackham’s southern pocket at a notably lower entry point, with the trade-off being location prestige.