159 Angle Vale Road, Angle Vale SA 5117

Solid brick renovator | 961m² flood overlay lot | Dual living areas | FTTP/5G ready This property presents a competitively strong, large allotment in a growing corridor, rare for its dual living spaces and solid 1977 brick construction on a near-quarter-acre block. Its core value is land banking with an existing rentable structure, best serving a renovator-investor or a family accepting flood risk for space. The auxiliary room with plumbing and separate dining area support flexible use, while the estimated rental yield aligns with area standards. Proceed with a strict budget for flood mitigation and modernisation, as the overlay imposes insurance and financing constraints that directly erode returns. The commercial logic is acquiring below-estimated-value land with a functional house, holding through renovation for capital improvement or subdivision potential. Treat as a long-term hold with immediate tenantability, not a short-turn asset. Recent nearby sales and listings indicate active demand in the precinct, though direct price comparisons are limited. Proximity to listings like 13 Sicily Street and 31 Leicester Grove confirms this is a established residential area, providing a benchmark for your offer strategy against the asking range.