1 Bolivar Cres, Port Pirie South SA 5540

Brick veneer | 1980 build | 3 bed, 2 bath, pool | Quiet street | Family positioning This property presents a competitively strong family package in a quiet location, combining three bedrooms, two bathrooms, and private entertaining areas with a swimming pool and low-maintenance gardens. Its well-maintained condition and functional layout, including a master suite with ensuite and a separate laundry, directly serve the core demand for turnkey family living. The inclusion of solar PV and air conditioning supports operational cost efficiency, making it a practical holding for owner-occupiers seeking space and comfort without immediate renovation outlay. Key risks centre on its age, the suburb’s negative growth trend, and its location within a bushfire overlay, which may affect insurance premiums and future capital appreciation. The opportunity lies in acquiring a functional, presented home at a price point that aligns with its rental yield, suggesting it can service debt as an investment while occupying. Proceed only if the price reflects the inherent suburban market volatility and the property’s 46-year-old building systems. Recent sales data shows a March 2023 sale at $315,000, followed by a highly anomalous March 2026 transaction at $70,000 which is likely a data error or non-arms-length transfer. This history underscores that the current ~$495,000 listing represents a significant reappraisal, demanding thorough due diligence to validate this new price point against genuine comparable sales.