132 Black Road, Flagstaff Hill SA 5159

1974 build | 4 beds 1 bath | 813m² large block | 4 carport spaces | Primary school catchment This property presents a strong, large-block family proposition in an established, tightly held neighbourhood. Its four car spaces and dual living areas offer practical utility for a growing household, while the 813m² land parcel provides scarcity value and future flexibility in a suburb where 45% of owners hold for over a decade. It is best suited to a buyer seeking a long-term family home with space, accepting that the single bathroom is a functional trade-off for land size. The primary commercial risk is the capital required to modernise the 1974-built home, which may not be reflected in its current price positioning. However, the low building coverage leaves substantial land value and redevelopment potential. Acquire for long-term occupation, leveraging the stable catchment, with a view to a strategic renovation that aligns expenditure with the underlying land appreciation. Recent sales on Black Road demonstrate a clear value corridor: – 170 Black Rd (4/2/4): Sold $1,035,000 – 95 Black Rd (4/2/1): Sold $810,000 – 150 Black Rd (3/1/7): Sold $840,000 – 174 Black Rd (4/1/2): Sold $880,000 This property’s single bathroom and older condition place it toward the lower end of this spectrum, but its larger block and four car spaces provide a tangible point of differentiation to support its listed range.