22 Union Street, Semaphore SA 5019

1915 sandstone villa | coastal walkability | heritage overlay | 613m² land near beach This property offers a rare combination of heritage character and coastal positioning that is structurally hard to replicate in the Semaphore area. The sandstone build and leadlight windows signal enduring quality, while the 613m² lot with 45% coverage gives a buyer room to reconfigure without losing the original facade. It sits in a historic conservation zone which limits neighbouring development and protects streetscape appeal, a genuine advantage for long-term value retention. The property suits a family wanting immediate character living with optional future renovation, or an investor targeting the premium rental bracket near $1,075 per week where supply is constrained. The main risk is the heritage overlay which restricts external changes and could add cost or delay to any major works, though it also prevents overdevelopment nearby. The conflicting internal area data-273m² versus 188m²-needs resolution via a physical measure or certified plan before any offer. The 11-day listing period suggests a fresh sale rather than a stale one, but buyers should verify if any price guidance has shifted since listing. On the opportunity side, the 273m² footprint, if confirmed, offers unusual internal volume for a villa of this era, and the 7m elevation with 8m roof height may allow for a sensitive second-storey addition subject to heritage consent. Hold this property for its scarcity in a tightly held coastal strip, and treat any renovation as a long-term capital play not a quick flip.