$ 399,000.00
15 Park Terrace Blakeview SA 5114
$399,000 - $419,000
Located in a highly convenient part of Blakeview, this modern 2018-built 2-bedroom townhouse offers exceptional value for investors, builders and renovators looking for a project with strong future returns. Just moments from shops, schools, parks and public transport, the location alone makes this an attractive opportunity for those ready to take on repairs.
Property Layout & Features:
2 spacious bedrooms, both with carpet and built-in robes
Modern bathroom plus 2 separate toilets for added convenience
Family room upstairs with access to a balcony-ideal as an extra living zone or study
Open-plan kitchen and living area downstairs with stylish tiled flooring
Gas and electric cooking appliances, dishwasher and a modern, functional layout
Automatic garage with secure internal access
Built in 2018, offering contemporary design once restored
Why This Property Is a Strong Investment:
Deep discount for the area-priced well below market value to reflect needed repairs
High ARV (After-Repair Value) potential based on comparable homes nearby
Ideal for fix-and-flip, buy-and-hold rental
Solid resale demand in the neighborhood
Tenancy / Investment Details:
Currently under a 12-month tenancy agreement, providing immediate rental income
Ideal for investors seeking cash flow while planning renovations
Tenant in place; property will be sold AS-IS
Ideal Buyer:
• Experienced investors, contractors or cash buyers who understand structural repair needs and want a project with significant upside.
Important Notes:
Cash buyers or those using renovation/rehab financing strongly preferred
Seller will not perform repairs
Buyers must perform their own due diligence and are encouraged to arrange their own independent report
Quick settlement available
Neighbourhood Highlights:
Close to shopping, schools and public transportation
Strong rental demand
Established community
Increasing property values in surrounding area
If you're looking for a high-potential, deep-value investment property, this is an excellent opportunity. With the right vision and renovation strategy, this home can become a standout asset in a strong market.
Condition Disclosure:
This property has structural issues and requires significant repairs. It is being sold AS-IS, with no repairs, credits or warranties. Buyers should be prepared to address foundation/structural repairs and any additional updates the home may require.
Specifications -
Title: 6173/893
Council: Playford
Zoning: MPN - Master Planned Neighbourhood \ EAC - Emerging Activity Centre
Area: 87msq (approx.)
Built: 2018
