2A Leroy Street, Glenunga SA 5064

Modern family home | Glenunga International High catchment | 406m² level parcel | Solar-equipped | 5G coverage This property presents a competitively strong offering for a family seeking entry into the high-demand Glenunga International High School zone, a primary driver of capital stability in this suburb. Its 2002 construction on a fully serviced 406m² block with dual living areas provides a modern, low-maintenance footprint rare at this price point, strategically positioned between top-tier public and private schooling options. It serves the owner-occupier seeking immediate amenity without renovation risk, with a rental yield estimate of 2.7% providing a passive income floor. The decision hinges on the 2023 resale, suggesting a potential vendor motivation that requires scrutiny against recent area sales. The absence of development overlays protects its family-use character, while the premium for location and condition is justified. Acquire for long-term hold to leverage the school catchment’s demand; the cost is the compressed yield, offset by superior capital insulation compared to peripheral suburbs. Proceed with a disciplined offer calibrated to the $1.52m-$1.77m estimated range.