3/94 Railway Terrace, Ascot Park SA 5043

3-bed villa 2006 | 120m2 internal | 227-235m2 block | tenanted $500/wk to Jan 2027 This property offers a rare combination of low-maintenance contemporary construction and secure, long-term income in a well-connected suburb. The 2006 build and compact block reduce ongoing upkeep, while the three-bedroom configuration and dual garage appeal to tenants and owner-occupiers alike. For a buyer seeking immediate cash flow without renovation demands, the current lease to January 2027 provides certainty. Its position near transport, shopping, and cafes strengthens tenant demand, making it suitable for investors prioritizing stability over capital growth speculation. The primary risk is the single bathroom, which may limit appeal to families or premium renters. The strata title and small block constrain future expansion, and the 2007 purchase date implies limited recent price data for valuation benchmarking. However, the lease term locks in income for two years, insulating against vacancy. Buyers should verify strata fees and confirm the property’s condition at settlement. Hold for steady yield; consider a rent review at lease renewal to capture market movement.