9 Grampian Street, Woodville South SA 5011

Modern residence on subdivided lot | Flood overlay present | Tightly held suburb | High land value per m² This property represents a recently completed, high-specification rebuild on a newly created Torrens title lot, offering a low-maintenance, modern home in a tightly held suburb. Its configuration as a three-bedroom house with premium finishes and a pool caters specifically to owner-occupiers seeking a turnkey solution, positioning it distinctly above the suburb’s typical older housing stock. The significant price growth implied from its 2025 sale to the current listing reflects the value added through redevelopment and strong demand for quality housing in the western corridor. The primary risk is the identified flood overlay, which carries potential insurance and future valuation implications. The lot size, at 312m², is notably smaller than the original parcel and typical for the area, limiting future expansion and placing a premium on the built form’s quality. For a buyer, the commercial logic rests on paying for certainty and finish in a supply-constrained neighborhood. This property is a hold for an end-user, not a strategic land bank. The property itself sold for $1,005,000 in mid-2025 prior to redevelopment. This recent transaction provides a clear baseline, indicating the new listing price incorporates a substantial premium for the completed modern residence. This supports the analysis of significant value-add through the rebuild.