36 Manly Circuit, West Lakes Shore SA 5020

3-bedroom house on 685m² | 1976 build in West Lakes Shore | off-market with development potential | strong rental yield around $690/week The property’s primary strength is its 685m² lot in West Lakes Shore, a tightly held coastal pocket where land of this size is increasingly rare. The 1976 build offers a blank canvas for renovation or redevelopment, and being off-market provides a negotiating advantage for a buyer who can move decisively. The location within Le Fevre High School catchment and reliable 5G coverage add practical appeal, while the estimated rental of $690/week supports a hold strategy for investors or families seeking a land bank with immediate income. The main risk is the building’s condition and inconsistent data on bathrooms and size-due diligence on structural integrity and compliance is essential before committing. The absence of flood or heritage overlays simplifies planning, but the development potential is speculative until council zoning is confirmed. For a buyer, this property works best as a long-term hold with a renovation to lift value, or as a land play if subdivision is viable. Hold for land appreciation or renovate for equity gain.