2 Cognata Street, Munno Para SA 5115

New build | 4-bed modern family | tenanted income | low-maintenance gardens | flood overlay noted This property presents a competitively strong, turnkey family home in a practical location. Its 2023 construction and modern layout offer a maintenance advantage over older suburb stock, positioning it ideally for a first-home buyer or investor seeking a near-new property with immediate rental income. The tenanted status provides cash flow continuity, while the configuration appeals directly to the core family market in this area. The primary decision hinges on the flood overlay, which necessitates due diligence on insurance costs and potential resale impacts. The asking range sits above the automated valuation, suggesting a premium for the new condition. For a buyer, the opportunity lies in securing a modern, low-upkeep property in a growth corridor; treat it as a long-term hold. Proceed conditional on a building inspection and flood impact assessment. Recent comparable sales nearby: – 63 Emerald Drive, Angle Vale (1.1km away) – 45 Logan Avenue, Munno Para While specific prices are not detailed, these sales confirm active market transactions for similar housing stock in the immediate area, providing a baseline for valuation. The property’s newer build year likely commands a premium compared to these general area sales.