5 Dawson Street, Goolwa SA 5214

Corner block in heart of Goolwa | 1965 solid brick | 3 bed on 488sqm | walkable coastal lifestyle This property presents a competitively strong offering due to its larger corner allotment in a walkable central location, a configuration increasingly rare in established coastal suburbs. The solid brick construction and timeless timber floors provide a durable, low-maintenance base. It serves best as a long-term hold for an owner-occupier seeking a relaxed lifestyle or an investor targeting consistent rental demand from tenants valuing convenience over luxury. Decision hinges on acknowledging the dated 1965 build and single bathroom limit premium upside, while the bushfire overlay imposes compliance costs. The opportunity lies in the land component and central positioning, which underpin capital stability. Acquire at or below median price for the suburb, hold for land value accretion and modest yield. Recent comparable sales nearby indicate value: – 7 Mark Lane West: 3 bed, 1 bath on 2043m² sold for $785k-$825k. – This property’s smaller land size positions it appropriately below that premium, aligning with the suburb median of $640k for a 3-bedroom house. The sales data confirms the subject property’s pricing must reflect its central but standard lot size against larger-block comparables.