301/272 Flinders Street, Adelaide SA 5000

CBD 1-bed compact | 2013 build | No car space | High rental yield | Adelaide High catchment This unit presents a competitively strong investment proposition due to its established rental demand and high-yield profile within a premier school zone, a combination rare in such a compact CBD offering. Its 2013 construction predates recent, potentially lower-quality builds, and its north-facing aspect and modern inclusions like air conditioning cater directly to the lifestyle tenant or single occupant who values location over space. This property serves the capital-light investor seeking consistent income, not an owner-occupier requiring storage or parking. The primary risk is valuation volatility, as evidenced by the wide estimated range, which directly impacts financing and exit liquidity. The lack of a car space permanently narrows its buyer pool and constrains capital growth relative to larger configurations. However, its demonstrated short-stay viability offers a premium income opportunity. Acquire this property strictly as a hold-for-yield investment; its operational logic fails for an owner-occupier due to size constraints. The March 2024 sale at $350,000 establishes a recent, firm price point below most current estimates. This transaction suggests the higher valuation ranges may be optimistic, anchoring a reasonable purchase price closer to the lower end of the current market band.