18 Olive Street Magill SA 5072

4 bed house on 368 sqm | Magill School catchment 0.9km | 2002 build with 2 baths | Smaller block than street typical This property presents a competitively priced entry into a high-demand school catchment, a functional advantage for a family buyer. Its 2002 construction offers modern amenities without heritage constraints, and the dual bathroom configuration is a practical strength for a four-bedroom home in this suburb. It serves a buyer seeking established convenience over land size, positioned below the suburb’s median for comparable homes. The primary cost is the below-average land component, limiting future expansion and underperforming against capital growth driven by larger parcels in the area. The valuation spread indicates price sensitivity; securing it below the lower valuation benchmark creates immediate equity. Proceed with an offer anchored to its land value per square metre, ideal as a long-term primary residence. Our tailored report validates this price position with precise comparable sales, identifies locality-specific risks for insurance, and provides the negotiation framework to transact at fair market value. Recent comparable sales context is limited for Olive Street, though a larger 697 sqm block on the same street guides at $1.25M. This underscores the land size premium and confirms this property’s pricing reflects its smaller allotment.