46 Second Street, Bowden SA 5007

Brand new 3-level townhouse | 86m² block in Cadence | Northern aspect & solar | High rental yield precinct | Adelaide High catchment This property presents a competitively strong, modern housing product within the tightly held Cadence development. Its three-level design on a small footprint delivers a rare, low-maintenance inner-suburban lifestyle with high-spec inclusions like ducted heating and cooling, which appeals directly to professional tenants or owner-occupiers seeking a lock-and-leave solution in Bowden’s vibrant precinct. The brand-new condition eliminates immediate capital expenditure, positioning it as a turnkey entry into a high-demand rental market underscored by the estimated $820 per week potential. The primary risk is the compressed land component at 86m², which may constrain long-term capital growth relative to standard blocks, a cost paid for the premium apartment-style convenience. The adjacent pre-construction development at 38-46 Second Street introduces a future supply variable. However, the current rental yield projection materially outperforms the suburb median, offering clear commercial logic for an investor. This property is a hold for strong cash flow, not land banking. Recent comparable sales data within Bowden is limited for direct new townhouse comparisons. Available suburb house sales, at a median of $860,000, reflect a different, typically older, stock on larger land parcels. This divergence confirms this property’s valuation is driven by its new-build premium, configuration, and lower maintenance appeal rather than direct land value comparison, justifying its price point for a specific buyer segment.