109 Coromandel Parade, Coromandel Valley SA 5051

Enchanting hills retreat | 693sqm low-risk block | 18% building coverage | strong rental yield potential This property presents a rare combination of character and land value in a tightly held suburb. The 18% building coverage on 693 square metres offers significant future flexibility, while the 1935 weatherboard cottage provides immediate charm and liveability. Ducted cooling, gas heating, and a decked outdoor area make it comfortable year-round. The bushfire overlay is manageable given the established garden and low vegetation density. This house best suits buyers seeking a relaxed lifestyle with strong rental fundamentals, or those looking to hold for medium-term land appreciation. The primary risk is the bushfire overlay, which may affect insurance premiums and future extension costs. However, no flood or heritage constraints reduce complexity. The last sale in 2009 suggests limited recent turnover, meaning price discovery relies on current comparables. The rental range of $550–$660 per week supports a solid yield for an investor, while the generous allotment and hills positioning offer scarcity value in a market where similar blocks are diminishing. The property’s strongest opportunity lies in its land-to-building ratio, which allows for a future renovation or modest addition without overcapitalising.