21/1 Burt Avenue, Findon SA 5023

Third floor | Adelaide Hills views | Flood overlay present | Modern complex with balcony The property’s third-floor position is its strongest structural advantage – it secures sweeping views that lower units in the same complex cannot replicate, and it removes the noise and foot traffic of ground-level living. The 2009 build means modern insulation, double glazing, and low ongoing maintenance, which directly reduces holding costs for an investor or owner-occupier. The open-plan layout with a balcony that captures those views is rare for a 32m² footprint; most units this compact trade light for density. This property serves best as a lock-and-leave for a professional couple or as a high-yield rental targeting tenants who prioritise outlook over square metres. The built-in wardrobes across three bedrooms and the secure complex add functional depth without inflating the purchase price. The flood overlay is the single material risk – it may raise insurance premiums by 15–25% and could narrow the buyer pool if lenders apply stricter criteria on the lot. The compact 32m² lot limits future extension potential, so the property is a hold, not a develop. The absence of recent comparable sales in Findon means the $787,000 estimate should be stress-tested against similar third-floor units in neighbouring suburbs like West Beach or Henley Beach South. Opportunity lies in the rental yield: at $655 per week against a conservative $775,000 purchase, the gross return sits near 4.4%, above Adelaide’s unit median. Use this property as a core hold in a diversified portfolio, with the view acting as the long-term value anchor.