61 Gramp Avenue, Angaston SA 5353

1940s duplex | 84m² on 559m² lot | Angaston primary catchment | No overlays | 5G & NBN This property presents a rare, low-complexity entry into the Barossa Council area, combining a 1940s-built duplex on a substantial lot with no development overlays, which simplifies due diligence. Its configuration as a three-bedroom house on a large block is competitively strong for a value-seeking buyer, serving either as a straightforward rental—supported by estimated yields around 4.1%—or a low-risk hold in a stable school catchment. The absence of recent comparable sales in the results underscores its atypical positioning in the current market. Your decision hinges on the cost of its age and the opportunity in its land. The 1940s construction necessitates a stringent building inspection, budgeting for potential updates that newer stock avoids. However, the lot size offers latent subdivision or extension potential, providing a commercial logic for patient capital. Acquire this as a long-term hold, leveraging its rental fundamentals while the land component appreciates.