9 Macquarrie Court, West Lakes Shore SA 5020

302sqm site | 1975 build | no flood overlay | bought 2022 at market low | now priced near 50% above that The property carries two material risks. First, the 311sqm lot is undersized for the suburb, meaning you are paying a premium for a footprint that limits future subdivision or extension without significant variance costs. Second, the 1975 build has no disclosed structural or energy efficiency upgrades, so capital expenditure on roof, wiring, and insulation should be factored into your holding period budget. On the opportunity side, the 5G coverage and proximity to two schools provide consistent tenant demand, and the rental yield of 3% is serviceable for a coastal pocket. The plain judgment is to buy only if you can hold for five years and add value through renovation; this is not a land-banking play. What is competitively rare here is the court location with low traffic and direct access to West Lakes Shore amenities, which compresses vacancy risk. The three bathrooms across four bedrooms give this property an edge over period homes lacking ensuites, making it suitable for a family with older children or a professional couple renting out rooms. For a buyer who values school catchment certainty and modern telecoms infrastructure over land area, this operates as a functional home rather than a speculative asset. Book a building inspection before exchanging; the 1975 frame may need work that shifts the value equation.