531 Montague Road, Modbury SA 5092

3 bed | 1 bath | 2 car | ~590m² block | Montague Road | Modbury | single-level house The house at 531 Montague Road presents a rare configuration on this street: a genuinely usable three-bedroom, one-bathroom single-level home on a full residential block of approximately 590 square metres. That land size, combined with two car spaces and no detected overlay restrictions, gives a buyer immediate optionality. The property is not competing with larger four-bedroom homes like 529, but rather sits in a tighter, more affordable bracket where demand is often higher among first-time upgraders and investors. For a buyer seeking a foothold in a stable Tea Tree Gully market with school catchment and FTTP connectivity, this house offers a lower entry point for a detached home on a full block. The main risk is the unknown build year and condition of the single bathroom, which may require immediate renovation. That cost must be factored into the $805,000–$856,000 estimate. The opportunity lies in the land itself: a 590m² block in a corridor where 3‑bed homes trade quickly and 4‑bed homes command premiums. The buyer should treat this as a land play with a livable house attached. Hold for 5 to 7 years, renovate the bathroom and kitchen if needed, and exit when the next cycle lifts values on Modbury’s residential corridor.