1-5/26 Fleming Avenue, Ridgehaven, SA 5097

Auction On-Site Saturday 22nd August 2:00PM

Block Of Units
Type
10
Bedrooms
5
Bathrooms
5
Parkings
1,510 m²
Area

Published on Monday, August 03, 2026 ( See property details for 1-5/26 Fleming Avenue, Ridgehaven, SA 5097)

Auction On-Site Saturday 22nd August 2:00PM

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to acquire all five tenanted units within a well-maintained complex, offering immediate income and long-term growth potential in Ridgehaven.

🏡 Property Highlights

  • All five units within a well-maintained complex, offering immediate income.
  • Currently tenanted with established rental income streams.
  • Spacious two-bedroom layouts with natural light and private outdoor areas.
  • Individually titled units with scope for cosmetic upgrades.
  • Strategically located near major shopping, dining, and public transport options.
  • Excellent long-term holding potential in a highly connected north-east suburb.

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Split-System Air Conditioning
  • Separate Laundries
  • Contemporary Kitchens
  • Private Outdoor Areas
  • Well-Sized Bedrooms
  • Established Interiors
  • Long-Term Income Stream
  • Well-Maintained Complex

Ridgehaven is a highly connected suburb offering excellent access to major shopping centres, public transport, and leafy reserves. It boasts a strong community vibe with convenient amenities, diverse dining options, and proximity to the Adelaide CBD. The area is ideal for investors seeking long-term growth, with well-established rental demand and a family-friendly environment. Its strategic location ensures easy commutes and a desirable lifestyle for tenants and residents alike. The neighbourhood combines suburban tranquility with urban convenience, making it a prime choice for property investment.

What is the current rental income for the entire complex?
The combined weekly rental income from all five units is $2,370, with individual rents ranging from $450 to $490 per week.
Are there any upcoming maintenance or renovation works planned?
The property is well-maintained, and any future upgrades or renovations are at the discretion of the new owner; specific plans can be discussed with the current management.
What are the zoning and development restrictions for this property?
The property is zoned as HDN - Housing Diversity Neighbourhood under the TEA TREE GULLY council, suitable for residential use with potential for future development or upgrades.
Is there scope to increase rental income through upgrades?
Yes, the interiors have scope for cosmetic enhancements which could potentially increase rental returns over time.
What are the property’s compliance and approval requirements?
Any modifications or renovations should comply with local council regulations; detailed requirements can be confirmed with the TEA TREE GULLY council.
Are there any easements, covenants, or zoning restrictions that could affect future development or renovations? Have there been any recent or upcoming planned developments or construction nearby that could impact the property? Are there any known issues with the building structure, plumbing, or electrical systems? What are the total ongoing costs, including council rates, water, and strata or management fees? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any existing or pending disputes with neighbours or the local council? What is the history of the property regarding repairs, renovations, or damage? Are there any restrictions on pets or other tenant limitations? Is there any planned infrastructure or transport upgrades in the vicinity that could influence property value? What are the terms of the current tenancies, and are there any lease or rent review clauses?

1-5/26 Fleming Avenue, Ridgehaven, SA 5097 - More Details

Auction On-Site Saturday 22nd August 2:00PM

Type
Block Of Units
Bedrooms
10
Bathrooms
5
Parkings
5
Area
1,510 m²

Inspections times

  • Inspection Sat 8 Aug 10:00 am

    Saturday 8 August
    10:00 am - 10:30 am
  • Inspection Wed 12 Aug 5:00 pm

    Wednesday 12 August
    5:00 pm - 5:30 pm

Auctions

  • 1-5/26 Fleming Avenue, Ridgehaven, SA 5097

    Saturday 22 August
    2:00 pm
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