4/24 Boomerang Road, Croydon Park SA 5008

City-fringe low-maintenance unit | Updated & move-in ready | Strong rental demand | High capital growth since 2022 This property presents a competitively strong, low-maintenance entry into a high-demand city-fringe corridor. Its updated condition and scarcity of local vacancies position it for immediate tenancy, serving first-home buyers or investors seeking a set-and-forget holding with reliable yield. The configuration is rare for its solid brick construction and dual split-system air conditioning in a compact format. The primary risk is strata governance within a small six-unit group, requiring due diligence on capital works plans. The significant appreciation since its 2022 sale suggests market momentum, but also compresses future yield. Acquire for long-term hold, leveraging its rental appeal and land component within the strata title to hedge against inflation, but benchmark strata costs against the estimated rental income. Recent comparable sale: – This unit sold for $308,000 in January 2022. This 97% increase in estimated value over two years demonstrates exceptional local momentum for well-positioned, renovated units, strongly supporting the current pricing trajectory.