27 Malurus Avenue, Lockleys SA 5032

Spacious 750sqm block | 4-bedroom versatile floor plan | Lockleys active market | indoor-outdoor entertaining with fireplace The property’s primary buying case rests on its unusually generous land holding of 750–766 square metres in Lockleys, a suburb with only 13 current listings, indicating constrained supply. The 143-square-metre internal area offers a functional layout with both indoor and outdoor entertaining zones, including a fireplace, which strengthens appeal for growing families seeking room to expand without immediate renovation. The meticulously maintained condition reduces near-term capital outlay, and the three-car accommodation adds practical advantage in a family-oriented market. The principal risk lies in the 2018 last sale date, meaning the property may carry a cost base that does not reflect current market conditions, potentially affecting resale positioning if the buyer overpays. The versatile floor plan, while adaptable, may lack the dedicated study or formal living that some buyers now prioritise. Opportunity exists in the active local market and the block’s subdivision potential, though this should be verified against council zoning. FTTP connectivity is a supporting value add.