11 Argana Avenue, Modbury North SA 5092

| 697m² block | 1971 build | north-east suburbs | school catchment | no overlays | The 697m² parcel in Modbury North offers a genuinely rare configuration for this price point: a fully fenced, flat block with no bushfire, flood, or heritage constraints. The 1971 build, while modest in size, sits on land that allows future reconfiguration or extension, and the existing floorboards, built-in robes, and workshop add practical liveability. This property serves best a buyer seeking long-term land upside in a well-serviced corridor, particularly families targeting The Heights School catchment. The primary risk is the 2019 purchase price of $390,000 – the current listing represents a 105% increase in seven years, which compresses yield to around 3.65% even at the upper rent estimate. The buyer pays for that capital growth expectation upfront, with limited scope for immediate rental cover. However, the absence of overlays and the 697m² lot mean subdivision potential is not ruled out, and the Tea Tree Gully council area has shown steady demand. Hold for land appreciation and consider a granny flat or rear subdivision if zoning permits; the house itself is a holding vehicle, not a long-term home.