2B Richard Avenue, Pooraka SA 5095

Modern 3-bed house | 260m² living on 379m² lot | 2003 build with solar | Roma Mitchell Secondary catchment | No flood or bushfire overlays. This house presents a competitively strong offering due to its efficient modern layout on a manageable block, a configuration increasingly rare in its price segment. The 260-square-metre building provides above-average internal space for a three-bedroom home, directly serving growing families or owner-occupiers seeking low-maintenance living without compromising on room scale. Its position within the Roma Mitchell Secondary College catchment is a fixed locational advantage that underpins long-term demand, while the absence of environmental overlays removes a layer of purchasing complexity and future insurance risk. Proceed with the understanding that its value is benchmarked against recent higher sales on the same street, demanding a disciplined price ceiling. The 3.8% estimated rental yield indicates it functions adequately as an investment, but its primary commercial logic is capital growth driven by its family-friendly configuration and school zone. Secure this property through the auction with a firm maximum based on comparable evidence, intending to hold for the medium term to realise its catchment-driven appreciation. A Propcred report would pressure-test this valuation, detail locality-specific risks, and clarify insurance prerequisites for a 2003-built structure. Recent sales on Richard Avenue provide clear benchmarks: • 8 Richard Avenue (4 bed, 2 bath) sold for $930,000 in October 2025. • 7 Richard Avenue sold for $815,000. This establishes a direct value corridor, indicating this three-bedroom house should transact notably below the four-bedroom comparable, anchoring its logical price range well under $930,000.