155 Kermode Street, North Adelaide SA 5006

Heritage stone 1880 | 5 bed 3 bath | 410m² North Adelaide | Former school | For sale This property presents a rare combination of grand historic fabric and generous modern family accommodation within a premier suburb. Its five-bedroom, three-bathroom configuration on a 410-square-metre block is a substantive offering against typical stock, best serving a buyer seeking character and space without compromise. The heritage status as the former Creveen Girls School provides enduring streetscape prestige and limits comparable supply, anchoring its appeal to long-term occupants. Decision hinges on the cost of heritage obligations against the benefit of preservation. The low-accuracy valuation band indicates pricing ambiguity, demanding independent appraisal. The modest rental yield suggests it is not an optimal investment property, but rather a primary residence for a buyer whose utility is derived from occupying a unique piece of local history. Proceed with a heritage specialist review to quantify risk, then acquire for occupancy, not speculation.