365 Burton Road, Burton SA 5110

3-bed 1986 house | tenanted to 2027 | 24% site coverage | flood overlay present | Burton Primary catchment This house presents a secure, income-producing purchase with a locked tenant providing immediate yield at a rate slightly below estimated market rent. Its low building footprint on a 600m² block represents a land-heavy configuration for the area, offering future subdivision or extension potential subject to overlay constraints. This suits an investor seeking cash flow stability with a long-term land banking angle, or an owner-occupier planning a future rebuild. The primary decision hinges on the financial and practical burden of the flood overlay, which may increase insurance costs and limit renovation scope. The tenancy, while providing income, delays personal use or value-add improvements until 2027. Proceed only if the yield covers holding costs and you have capital to address flood-related due diligence; otherwise, the illiquidity and overlay risk outweigh the secure income. Treat this as a long-term hold.