16/181 Payneham Road, St Peters SA 5069

2-bed unit in St Peters | 1 bath, 1 car | long-term owner-occupier building | solid rental yield potential This is a well presented two-bedroom unit in a stable, long-held building within one of Adelaide’s premium inner-eastern suburbs. The configuration is straightforward and practical, with built-in cupboards in both bedrooms and an open-plan living area with split-system heating. The building’s owner-occupier profile, averaging over twelve years of tenure, suggests a well-managed complex with minimal turnover, a strong signal for a buyer seeking a quiet, established environment. This property is best suited to a downsizer wanting a low-maintenance foothold in a sought-after location, or an investor targeting a modest-yield unit with proven rental appeal. The location on Payneham Road offers convenient city access, though the arterial frontage is a trade-off worth acknowledging. The price range for this type of unit in this suburb appears to sit in the mid to upper four hundreds, based on recent same-building sales. The previous sale history shows a climb from three hundred thousand in 2022 to three twenty-five in 2023, which may indicate the property has not yet fully caught up to the broader market uplift seen in the area. The rental history, from two seventy-five a week in 2019 to a same-building benchmark of four eighty per week, suggests reasonable income growth. A buyer should weigh the traffic exposure from the main road against the stability of the location and the building’s strong owner-occupier character. The lack of a second bathroom or additional parking may limit appeal for some buyers, but for the right purchaser this represents a solid entry point into St Peters.