4/808 Port Road, Woodville South SA 5011
4/808 Port Road, Woodville South SA 5011
Ground-floor unit | secure gated complex | tenanted until 2026 | courtyard & carport | flood overlay
This property presents a competitively strong, low-maintenance investment positioned for stable cash flow. Its ground-floor layout with a private courtyard and a secure carport is rare in this apartment-heavy suburb, serving professionals or hospital staff seeking a lock-and-leave lifestyle with walking-distance amenity. The existing tenancy until August 2026 provides immediate rental security, aligning the unit with a buyer targeting hands-off income over personal occupation.
The primary decision rests on accepting the flood overlay risk, which may impact future insurance costs and capital growth, against the commercial logic of a secured ~4.9% yield in a well-maintained complex. This unit is a hold for medium-term income; its configuration and tenancy structure make it unsuitable for a value-add renovation or an owner-occupier seeking immediate possession.
Independent, Unbiased Research from our PropCred Analyst teamÂ
Market Insight:
Woodville South is a tightly held inner-west suburb, prized for its proximity to the city and coast, making it ideal for families. Demand is driven by this strategic location and access to key infrastructure, supporting strong recent price growth across both houses and units. The market is characterised by exceptionally low vacancy and limited stock, indicating sustained pressure, though this scarcity also presents a key supply constraint for future buyers.