22 Railway Parade, Port Augusta SA 5700

Solid 1940s house | 884sqm block | FTTP | solar panels | strong owner-occupied street | no overlays The property presents a rare buying opportunity in Port Augusta: a 1940s house on a full 884sqm lot with 114sqm of building, three bedrooms, two bathrooms, and three car spaces. The low building coverage of just 13% leaves significant land value and future subdivision or extension potential, which is the primary competitive edge here. The street profile shows 90% owner-occupiers and 74% long-term residents, indicating a stable, low-turnover pocket. This property best suits a buyer seeking land banking with immediate rental income, or a family wanting a solid home with room to grow in a quiet, established corridor. The main risk is the 1940s construction age, which may carry deferred maintenance costs for wiring, plumbing, or insulation-these should be verified via inspection. The property sat on market for only six days in its last listing, suggesting demand is present but possibly price-sensitive. The commercial logic is straightforward: hold for land appreciation in a supply-constrained town, while the $340pw rent covers holding costs. If you can secure it below recent asking levels, the land-to-building ratio gives you a long-term hedge with immediate utility.