51 Salom Street, Bordertown SA 5268

Corner lot 790m² | 1955 build with scope | Strong rental yield | Close to schools This property presents a compelling entry point, distinguished by its large corner allotment in a street with high property density. Its 1955 construction offers solid fundamentals with clear potential for value-adding updates, positioning it ideally for first home buyers or investors seeking an affordable foothold. The estimated rental yield is robust for the price bracket, indicating reliable demand from tenants typically drawn to practical, school-proximate housing. The primary risk is the 2023 purchase price, which creates a high baseline for vendor expectations and limits short-term equity gains. The bushfire overlay necessitates insurance considerations. The commercial logic favours a hold strategy: undertake cost-effective modernisations to capitalise on its ‘strong bones’ and realise capital growth over the medium term. This is a strategic buy for patient hands, not a quick trade. * **51 Salom Street:** Last sold April 2023 for $172,000. * **43 Dunn Street:** A current listing at $310,000-$320,000 for a larger 947m² lot with one less bedroom. * **Lot 59 Victoria Parade:** A vacant lot listed at $55,000, underscoring the premium for established housing. The 2023 sale demonstrates significant paper growth already, setting a challenging new benchmark. The comparison to 43 Dunn Street suggests this property’s asking range is competitively positioned for its larger block and bedroom count, affirming its market value.