9 Scanlon Avenue, Millicent SA 5280

Corner block with north aspect | 990sqm in Wattle Range Council | Long-term tenant secured to 2027 | Gambier stone construction with polished floors The property’s primary buying case rests on its combination of a large north-facing corner allotment and a tenancy locked until January 2027, which together offer immediate holding income and medium-term land-banking optionality. The 214sqm Gambier stone dwelling with polished timber floors and a modern kitchen is structurally sound and rentable without further capital outlay, meaning a buyer can collect $330 per week from day one while the 990sqm site-underutilised at 22% coverage-retains latent subdivision or redevelopment potential subject to council consent. This is best suited to an investor seeking a low-management yield play with a patient view on Wattle Range’s land supply constraints, or a buyer wanting to live in the house after the lease ends while holding a corner block that commands a premium in a tight street of only seven properties. The bushfire overlay is a confirmed constraint that may limit certain extensions or outbuildings without additional compliance costs, and the 1966 build, while freshly painted, has no central cooling or insulation upgrades, so a future owner-occupier should budget for seasonal comfort improvements. On the opportunity side, the corner positioning and 21-metre frontage allow for a separate driveway or future shed placement without disrupting the existing floorplan, and the street’s 73% owner-occupancy and long average tenure signal stable neighbourhood demand that supports resale. Hold the property for the fixed rental term, then reassess whether to renovate for owner-occupancy or pursue a site reconfiguration when zoning or market conditions shift.