10 Fourth Street, Sapphiretown SA 5222
10 Fourth Street, Sapphiretown SA 5222
Original beachside shack | 1 acre private allotment | flood & bushfire overlays | 2 bed character house | Kangaroo Island
This property presents a rare, large-scale coastal holding where the land value dominates. Its acreage with direct eastern cove frontage is a scarce commodity, offering a nature-oriented retreat or a future subdivision play for a patient buyer, served by reliable utilities. The 1975-built shack provides basic shelter but is incidental to the parcel’s potential.
Decision hinges on overlays. Flood and bushfire risks impose immediate insurance premiums and future capital constraints, while the 5% building coverage limits improvements. This is a long-term land banking proposition; its value accrues through scarcity, not rental yield. Proceed only if you can absorb holding costs and navigate council planning for eventual development.
Comparable sales indicate land value is primary.
– 10 Tenth Street (2,020m² land): $150,000 (2020)
– 6 Eleventh Street (2,020m² land): best offer ~$140,000
These ~$74 per square metre benchmarks suggest this 4,000+m² lot’s asking price carries a significant premium for its size, location, and existing dwelling.
Independent, Unbiased Research from our PropCred Analyst teamÂ
Market Insight:
Sapphiretown is a small, tightly held enclave on Kangaroo Island, characterised by outright home ownership and a mature demographic. Demand is driven by established families and older residents, with the market showing very low transaction volumes and limited available stock. This illiquidity and a declining population present significant constraints on future growth, indicating a niche, stable market with minimal investor activity.