3/114 Cashel Street, St Marys SA 5042

Ground-floor unit with private yards | dual outdoor spaces | integrated laundry | 67sqm strata title | 10km to CBD This ground-floor unit presents a competitively rare offering of dual private outdoor areas—a front courtyard and a rear yard—within a strata complex, a configuration that enhances liveability and blurs the line between unit and townhouse. Its well-equipped kitchen, fresh presentation, and single allocated car space position it strongly for an owner-occupier seeking low-maintenance convenience or an investor targeting the fundamental appeal of private outdoor space, which drives sustained rental demand in this suburb. The decision hinges on the 2023-2026 price uplift and inherent strata constraints. The price growth reflects strong market momentum but necessitates scrutiny of recent comparable sales to validate the asking band. The well-managed strata is a mitigant, yet the $487 quarterly levy and the fixed land size of 67sqm permanently cap the property’s land value component. For a buyer, the commercial logic is to acquire this for its liveability premium, hold it within a long-term portfolio to amortise strata costs, and leverage its proximity to Unley High School. Treat this as a hold. Recent sales context shows the vendor’s acquisition at $390,000 in March 2023. The current listing band of $490,000 to $539,000 indicates a significant uplift, which must be benchmarked against other recent unit sales in St Marys to assess market fairness. This comparison is essential to determine if the premium is justified by this property’s specific attributes, like its private yards.