3/82 Alexandra Avenue, Rose Park SA 5067

Ground-floor unit in small block | North-facing living | Larger 87m² lot | Heritage overlay | Tightly-held eastern suburb This ground-floor unit presents a competitively strong proposition due to its larger-than-typical lot size within a tightly held Rose Park strata group, a configuration that is rare for the area. Its north-facing living area and secure, private position at the rear enhance liveability. This property best serves an owner-occupier seeking a low-maintenance, lock-and-leave lifestyle or an investor attracted by the established rental demand close to elite schools. The primary decision mechanism is the heritage overlay, which imposes potential costs and constraints on future alterations, limiting capital improvement pathways. However, the absence of bushfire or flood overlays mitigates insurance risk. The commercial logic is its sub-4km CBD proximity and proven yield. Acquire this as a long-term hold for its land component and location, not for its 1964-built improvements. Recent sales data indicates 37 apartments have sold nearby, with a directly comparable unit at 3/80-82 Alexandra Avenue (72m² lot) estimated at $662,000. This unit’s 87m² lot commands a tangible premium, confirming its value is anchored in its land parcel within this sought-after precinct.