Discover a prime investment opportunity at 20 Mingbool Avenue, Pasadena. This inviting solid brick home offers a strategic entry into a steadily growing market. Boasting north facing living, 3 good size bedrooms, an updated bathroom, and a functional updated kitchen with meals area, this property is designed for easy maintenance, tenant appeal, occupy or perhaps development.

Investors will appreciate the property's enduring lease to a long-term tenant, offering immediate returns. (Current lease expires in March 25) The robust potential for subdivision (subject to consents) enhances the appeal, adding a remarkable value uplift to this 760 sqm (approx.) allotment with a 17.68 m (approx.) frontage.

The neat, low-maintenance gardens and substantial rear verandah provide an ideal outdoor setting. Reverse cycle air conditioning ensures year-round comfort. The undercover parking for two vehicles, coupled with a handy rear shed, adds to the practicality and convenience of this home.

Pasadena boasts a strategic location with its proximity to key amenities. The nearby Pasadena Shopping Centre caters to all retail needs, while Flinders Medical Centre and Flinders University are easily accessible, making this property highly attractive to professionals and students alike. This boosts the rental demand in the area, providing investors with consistent tenant interest.

For those looking for an entry-level investment, this property also presents a first home buyer opportunity, contributing to a versatile investment strategy that can adapt as market conditions evolve. The substantial rear yard is perfect for families, enhancing its competitive market positioning.

This property opportunity extends beyond a mere residence; it invites strategic investors to capitalise on its scalability, low-maintenance characteristics, and premium location. Secure your stake in the flourishing Pasadena market today and watch your investment grow.

Local council: Mitcham
Council rates: $1,448.75pa approx.
Land size: 760 sqm approx
Year built: 1960
Frontage: 17.68 m approx.
SA Water rates: $176.57 p.q. approx.

Disclaimer: TOOP+TOOP has taken all reasonable care to ensure this property information is accurate at the time of publication. Information has been obtained from sources we believe to be reliable, including the vendor, relevant authorities and third-party suppliers. However, we cannot guarantee its accuracy or completeness and, to the extent permitted by law, accept no liability for any errors or omissions. This includes, but is not limited to, land size, floor plans, building area, building age, condition, zoning, council rates and rental figures. Details may change after publication. Measurements, floor plans and images are a guide only, and some images may be digitally styled or virtually furnished. Interested parties should make their own enquiries, including with relevant authorities, and obtain independent legal and financial advice before proceeding. RLA 301309, RLA 301302, RLA 317292