16 Kingsbury Street, Davoren Park SA 5113

Tenanted until 2027 | 448sqm block | Below-market 2024 purchase | Entry-level 3-bedder This property presents a secured income stream with a sitting tenant, offering immediate yield stability in an affordable suburb. Its recent below-market acquisition price provides a potential valuation buffer, making it a pragmatic entry for an investor seeking minimal vacancy risk and straightforward management. The core appeal is its functional layout on a usable block, squarely targeting yield-focused buyers rather than owner-occupiers seeking premium finishes. The primary risk is the discrepancy in reported property type and floor area, suggesting potential compromises in condition or configuration that limit owner-occupier appeal and future capital growth velocity. The commercial logic lies in holding the tenancy to maturity, banking the reliable cash flow against a modest outlay. Treat this as a fixed-income instrument, not a development play; its value is in its tenancy, not its architecture. * This property last sold for $335,000 in April 2024. * A comparable 494sqm property on the same street sold for $450,000 in July 2025 after 103 days on market. This sales history indicates the subject property was acquired significantly below recent street-level pricing, anchoring its current value estimate with a tangible margin of safety. The extended marketing period of the comparable sale, however, confirms buyer selectivity in this market segment.