8/24 Broadway, Glenelg South SA 5045

3-bed townhouse, Glenelg South | Two-storey separation | Walk to beach | Low strata | Rare under $1.3M This townhouse offers a rare combination of genuine three-bedroom separation and low-maintenance coastal living within walking distance of Glenelg Beach, making it competitively positioned for owner-occupiers seeking a permanent home or a lock-and-leave base. The two-storey layout with ground-floor living and first-floor bedrooms creates clear zone separation, a feature often missing in newer flats, and the private balcony off the master bedroom adds a quiet retreat. With council and strata rates under $1,060 per quarter combined, holding costs are unusually low for a beachside property, which strengthens its appeal for downsizers or professionals who want proximity without the overhead of a full house. The primary risk is the 1987 build age, which may require attention to windows, roofing, or plumbing within five to ten years, and the absence of off-street parking beyond two spaces could limit appeal for multi-car households. The estimated rental yield of roughly 3% based on $750 per week against a $1.2M price point is below typical investor thresholds, so this suits an occupier more than a yield-focused buyer. Buyers should verify the exact land size and any upcoming special levies from the strata, but the low ongoing costs and beachside position offer a defensible hold strategy for medium-term capital growth. Use this as a primary residence or a low-hassle coastal retreat.