13 Karri Street, Munno Para SA 5115

4 bed 2024 build | flood overlay noted | tenanted to Nov 2026 | family oriented Munno Para The buying case here rests on a near-new four-bedroom house in a growth corridor where comparable stock is scarce. Built in 2024, the property avoids the compromise of older layouts and offers a practical 133m² floorplan with split system air conditioning and built-in robes-features that align with what families in the Playford area prioritise. Its tenancy at $570 per week until November 2026 provides immediate income certainty, which is rare for a new build and strengthens the buyer’s negotiating position if they intend to hold. The location near Mark Oliphant College and Smithfield Station gives it a functional edge for commuter families, though the appeal is local rather than aspirational. The flood overlay is the primary risk, and it cannot be ignored. It may affect insurance premiums and future resale liquidity, particularly if lenders tighten criteria in that zone. The buyer should factor a higher holding cost and a longer exit timeline into their strategy. On the opportunity side, the existing lease removes vacancy risk during settlement, and the 2024 construction means minimal immediate maintenance. For an investor seeking a turnkey rental with a tenant in place, this works. For an owner-occupier, the flood risk and tenancy period limit flexibility. Hold for steady rental yield and sell before the lease ends to avoid a vacant period.