3355 Jervois Road, Wellington SA 5259

Waterfront Murray River access | 2000m² land with direct boat launch | Large shed & 6 car spaces | Walk to hotel | 3 bed family/weekender This property presents a rare combination of practical riverfront living and significant utility. Its direct river access, large secure shed, and expansive grounds are competitively strong for the Lower Lakes, moving beyond a standard house to a recreational holding. It serves best as a permanent residence for a boating family or a low-maintenance holiday home with income potential, given its rental estimates and larger-than-standard lot. The decision hinges on accepting premium pricing for location against inherent risks. The 1987 build requires capital for modernisation, and the specialised waterfront position narrows the buyer pool, impacting liquidity. The commercial logic is holding long-term for lifestyle utility, not speculative gain. Treat it as a lifestyle purchase with incidental income; its value is in use, not appreciation. – Last sold Nov 2006: $560,000. – Comparable current listings: 3297 Jervois Road at $1,190,000 and 19-21 Tolmer Street at $899,000-$969,000. The 2006 sale price is irrelevant for current valuation. The direct waterfront comparables are limited, but nearby listings suggest the guide is positioned at the upper market tier. This property commands a premium for its superior river frontage and land size.