24 Guerin Lane, Glencoe SA 5291

4 beds on large rural lot | 6 car spaces | modernised bathroom | not currently listed This property’s primary strength is its configuration as a four-bedroom house on a substantial rural lot, a combination rare for Guerin Lane where recent sales are dominated by three-bedroom homes. The six car spaces and significant land holding offer functional utility for a buyer requiring space for vehicles, equipment, or extended family, positioning it for a lifestyle or multi-generational use case. Its 2021 purchase and subsequent bathroom modernisation suggest a base level of contemporary liveability. The central risk is the illiquid market, evidenced by no street sales in twelve months, which complicates accurate valuation and future exit. The substantial lot size, while a feature, may incur higher holding costs without a corresponding premium in this locale. For a buyer with a long-term hold strategy, the property offers a scarcity premium; treat it as a ten-year capital growth play, not a short-term trade. The commercial logic is to secure a land bank in a quiet area, accepting lower turnover for greater personal utility. Recent comparable sales on Guerin Lane indicate a varied market: – 10 Guerin Lane: Sold Sep 2023 for $304.5k (3 bed, 1 bath, 2 car) – 9 Guerin Lane: Sold Aug 2023 for $420k (3 bed, 1 bath, 1 car) – 23 Guerin Lane: Estimated value $499k-$529k (3 bed, 1 bath) This property’s four-bedroom format and significantly larger land parcel command a premium over these three-bedroom comparables, supporting its current estimated value range. The 2021 sale price of $350k demonstrates considerable paper growth, though this is tempered by the lack of recent transactions to confirm the upper end of the valuation.