12 Wolsten Drive, Blakeview SA 5114

3 bed with ensuite | leased to 2026 | small 300m² lot | Playford council | investor/first home buyer focus This house presents a secured income stream, leased at $560 per week until late 2026, making it a low-management proposition for an investor seeking immediate yield. Its three-bedroom, two-bathroom configuration with an ensuite is competitively strong for the price point, squarely targeting the first-home buyer and investor segments that dominate demand in the Blakeview area. The smaller 300m² lot reduces maintenance burden but caps land-value appreciation relative to larger local blocks. Proceed with the understanding that the fixed-term lease eliminates owner-occupancy until 2026, a significant opportunity cost for a buyer intending to live in the house. The lot size is half that of comparable sales, a permanent value constraint. For a passive investor, the existing tenancy provides commercial logic; for a first home buyer, this property is unsuitable until the lease expires. Acquire only to hold as a rental. A direct comparable at 12 Fleetwood Drive, Blakeview, on a 600m² lot, has an estimated value of $679,000. This highlights the land-size penalty, suggesting the subject property’s value is correctly anchored in the lower end of its estimated range, deriving its worth from its income and building, not its land component.