22 Wright Terrace, Encounter Bay SA 5211

New coastal residence | 2025 completion | sweeping island views | low-maintenance design | bushfire overlay This property presents a competitively strong, view-capturing coastal residence, completed just last year. Its rare combination of a modern, four-bedroom home on a generous block with panoramic ocean vistas from Granite Island to Port Elliot positions it for buyers seeking a permanent or holiday home with immediate livability and minimal upkeep. The design prioritises the outlook and outdoor living with decks and balconies, serving best those who value view capital over land-intensive gardening. The primary decision mechanism is the significant price premium attached to the view and new construction, set against the documented bushfire risk which imposes ongoing compliance costs and potential insurance complexities. The opportunity lies in securing a turnkey property in a location where such unencumbered views are finite; the commercial logic supports a long-term hold to amortise the build premium. Consider this a view-leasehold proposition where the land’s aspect is the core asset, suitable for a buy-and-hold strategy leveraging rental income. A Propcred report would pressure-test the listed price against true market valuations and detail the specific locality risks and insurance implications for this overlay. The sales history shows a steep value trajectory: vacant land sold for $179,000 in early 2020, then $365,000 in mid-2023, culminating in the current listing near $1 million post-construction. This illustrates the substantial value added by the 2025 build and confirms the underlying land’s appreciation. For a buyer, this past growth is not a guarantee of future gains but validates the location’s desirability and the premium commanded for a new, view-oriented home.