2B Second Avenue, Ascot Park SA 5043

High land-to-building cost ratio | strong yield risk at current pricing | no sales history to anchor value | buyer pays for finish not land mass This property carries a structural disadvantage typical of townhouse infill in Marion’s secondary corridors. The building coverage consumes 71% of a 327sqm Torrens lot, leaving negligible outdoor land value. At the estimated $1m – $1.06m range, the buyer is paying approximately $3,000 per square metre of building, which exceeds the suburb’s median land-plus-dwelling cost by roughly 15%. That premium is not supported by superior location or scarcity. The rental yield of 3.3% – 3.5% gross places it below Adelaide’s metropolitan average of 4.1%, meaning debt service will require ongoing capital growth to break even. For an owner-occupier, the house holds appeal as a low-maintenance turnkey with modern spec. For an investor, the numbers do not stack without sub-5% entry price. What works in this house’s favour is that it sits in a shallow supply pocket. Second Avenue has only 86 properties, and Ascot Park’s owner-occupier rate of 55% suggests lower turnover than neighbouring suburbs. The 233sqm floor area at this price point compares favourably to newer apartment-style townhouses closer to Marion Shopping Centre, where 150sqm units regularly trade at $850k–$950k. The four car spaces are rare, and the NBN FTTP with 5G overlay provides genuine amenity for remote workers. This house is best suited to a buyer who priorities new finishes and minimal ongoing maintenance over land banking, not a buyer speculating on subdivision or redevelopment. Given the yield gap and lack of transactional evidence, the prudent next step is to apply a 8–10% discount to the Domain high estimate and test the vendor’s resolve around $950,000. That aligns the property to entry-level buyers who will absorb the yield weakness in exchange for turnkey condition.