31 Douglas Street, Coffin Bay SA 5607

1985 build | 3 bed, 1 bath | 1,029m² lot | secondary dwelling potential | 3 car spaces This property presents a strong case for a buyer seeking a coastal lifestyle or dual-income setup, primarily due to its significant land parcel and the flexible secondary dwelling in the rear shed. The core house, while modest, offers a functional layout with modern comforts like split-system air conditioning. The standout feature is the additional shed with bathroom and kitchenette, which creates a tangible opportunity for rental income or guest accommodation, effectively subsidising ownership costs. This configuration is ideally suited for an owner-occupier leveraging the extra space, or an investor targeting the holiday rental market in Coffin Bay. Key risks centre on the main house’s single bathroom, which may limit appeal for some families, and the lack of comparable sales data, making precise valuation difficult. The asking price premium over the recent purchase requires justification through the added value of the outbuildings. Proceed with a conditional offer that reflects the cost of any modernisation required for the main residence. This property is best held as a long-term lifestyle purchase with an income-generating asset, not a short-term speculative play.