1108/297 Pirie Street, Adelaide SA 5000

3-bedroom in east end | mid-floor position | high school catchment | 2018 build | rental demand evident This unit presents a competitively strong offering as a three-bedroom configuration in a modern, well-located building, a scarcity that commands premium rental yields and appeals to growing professional families or sharers. Its position within the Adelaide High School catchment solidifies its long-term appeal to owner-occupiers, while the building’s recent construction minimizes immediate capital expenditure risks. The property serves buyers seeking a low-maintenance city foothold with reliable income potential or a strategic entry into a high-demand educational precinct. The primary decision hinges on verifying the bedroom count discrepancy, a due diligence cost that protects against overpayment for a misrepresented two-bedroom layout. The commercial logic is clear: secure the three-bedroom classification at a price point informed by the two-bedroom comparable sale, creating immediate equity. This property should be acquired as a long-term hold, leveraging its rental strength and catchment appeal for sustained capital growth, not for short-term trading. Comparable sales within the building provide a clear value framework: – Unit 304 (2 bed, 1 bath, 81m²) sold for $715,000 in January 2026. – Unit 1208 (3 bed, 2 bath, 84m²) holds an estimated value of $1,005,000. This stark differential underscores the premium for an extra bedroom and bathroom. For you, this means Unit 1108’s confirmed three-bedroom layout should justify a valuation significantly above the two-bedroom sale, positioning it closer to the higher benchmark.