3/29 Melville Road, Paradise SA 5075

Ground-floor unit in 1964 complex | 3-bed config vs recorded 2-bed | Secure 2-car garage | No overlays | Close to Christian school This unit presents a rare, low-density complex offering with a three-bedroom configuration that expands its functional appeal beyond typical two-bedroom units in the area. The secure, double garage and absence of overlays provide practical security and development certainty. It best serves a buyer seeking entry into the Paradise school catchment with a lock-and-leave format, or an investor targeting the demonstrated rental demand for larger, well-appointed units in this established locale. The primary risk is the ambiguity around the bedroom count discrepancy and the unit’s specific age within the 1964 complex, which may affect financing and future resale alignment. The opportunity lies in acquiring a larger-format unit at a potential value point, given the last sale was five years ago. Proceed only with verification of the floorplan; this property is a hold for the medium term to capitalise on its rental yield and scarcity. Recent comparable sale data is limited, with the most relevant being the subject property’s own sale in April 2021 for $469,950. This five-year-old transaction establishes a historical baseline but offers limited insight into current market value, underscoring the necessity for a contemporary valuation assessment prior to any offer.