Unbelievable 19 Bedroom Home On Huge Allotment In Seacliff!
This highly sought after coastal home offers an incredible floorplan that is currently utilised as 19 bedrooms, 4 bathrooms, 2 kitchens and multiple living areas. Built in 1910 and having been largely extended in the 80's, this is a rare opportunity to secure dress circle real estate West of Brighton Road in Seacliff!
Set upon an enviably large 900sqm (approx.) allotment, we are offering an exclusive opportunity for growing families to create their exceptional forever home, or for the savvy investor to explore the potential within the exceptionally high demand for affordable accommodation in Adelaide - Now is arguably the perfect time to renovate a unique home into ultra-desirable seaside accommodation! The luxurious wide frontage is complimented by a regular shaped allotment providing the ideal canvas to subdivide or redevelop as desired (STPC). Whether you are looking to upsize, looking for your next project or you are somewhere in-between, this home presents limitless potential!
For the past 9 years the current owners have loved the convenience of residing in the front of the home whilst self-managing the rear space as a rooming house. Prior to this, the property was operated as a well renowned nursing home treasured by the Seacliff community.
The front of the home warmly welcomes you with a walkway leading you into the light filled formal lounge. This half of the home comprises of 3 bedrooms featuring ceiling fans alongside a huge master bedroom that is conveniently equipped with its very own ensuite, ceiling fan and fireplace. Toward the centre of the home you will notice a large kitchen with plenty of bench space, storage cupboards and a nifty fireplace.
The rear end of the home is currently occupied by long term tenants. This area encompasses a well-proportioned kitchen with a separate dining room, a downstairs cellar, 3 bathrooms, a separate laundry and the remaining 15 bedrooms to complete the home. Moving along you are drawn to the outdoor space which is made up of an entertaining area, a garden shed and under cover patio.
The property is in need of some TLC, however, will respond incredibly to very basic upgrades such as fresh carpets, a deep clean and painting throughout. Nevertheless, the soaring ceilings, security features and expansive floorplan create a lot of potential for a highly functional and most likely cash flow positive investment.
It is extremely uncommon to secure premium real estate that has the potential to benefit from future capital gains whilst also having the potential to demand a very high yield simultaneously.
What we love about the home:
• Electronic security system
• Back to base fire alarm
• 23.8sqm Frontage (approx.)
• Security gates either side of the home
• Currently averaging $185 per week, per room (bills inclusive)
• Imagine the revenue potential!
This unbeatable location is just a short stroll from Seacliff primary school, Seacliff beach hotel and conveniently adjacent to the train station. A quick drive will see you at the popular Marino Rocks Café, the ever famous Jetty Road in Brighton, Westfield Marion or head into the heart of the Adelaide CBD with just a 20 minute commute.
Being situated just a few streets back from the golden sandy beach of Seacliff is merely one of the many features this property showcases. This home boasts an enviable lifestyle that truly is a once in a lifetime opportunity not to be missed!
Please note that this does not constitute as financial advice, we strongly encourage you to seek independent advice. This is not a rental appraisal or guaranteed income, the figures are based off the rental return that has been implemented by the current owners.
Disclaimer: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. (RLA 281342, 270735)
Property ID: #1P16795
