1/117 Main Street, Lobethal SA 5241

Modern villa in Lobethal | 3 beds on 386m² | Tenanted at $490pw | Bushfire & flood overlays | 2022 build This property presents a competitively priced, low-maintenance entry into the Adelaide Hills residential market. Its 2022 construction, three-bedroom configuration on a manageable block, and existing tenancy suit an investor seeking immediate yield or an owner-occupant desiring a modern, single-level home. The practical layout and dual car spaces are strong functional advantages for this property type, positioning it well within its local segment. The primary decision factors are the planning overlays and the valuation gap. The bushfire and flood overlays impose ongoing compliance costs and potential insurance premiums, directly impacting holding costs. The current rent sits approximately 15% below estimated market rent, representing a clear, quantifiable upside for a buyer to capture upon lease renewal. Acquire this property as a long-term hold to realise rental growth, but budget rigorously for overlay-related expenditures.