35 Heritage Drive, Paralowie SA 5108

Compact 2015 build | 3-bed, 2-bath, single garage | NBN FTTP, no heritage overlays | Flood overlay noted | Near Settlers Farm Campus R-6. This property offers a modern, low-maintenance footprint in a growth corridor where detached houses under 300m² lots are increasingly scarce. The 2015 construction, 133m² of usable space, and single-level layout appeal to downsizers, first-home buyers, or investors seeking a tenant profile of professionals or small families. The flood overlay is a minor due-diligence item but does not materially impair value in this location, and the school catchment strengthens family buyer demand. The quick re-list after a July 2024 purchase signals either a motivated vendor or a flipper, which can create negotiation room for a buyer prepared to act. The primary risk is the lack of recent street sales, making precise valuation reliant on broader suburb comparables-the nearby $941,000 sale is for a larger house and not directly comparable. The 272m² lot limits future subdivision potential but also reduces holding costs and land tax exposure. Rental yield at $570/week is acceptable for the price bracket, though vacancy risk is low given the school zone. For an owner-occupier, this is a turnkey proposition; for an investor, the strategy is hold for steady rental growth and capital appreciation driven by infill demand in Paralowie.