4 Lydeamore Street Risdon Park South SA 5540

Double brick maisonette | 3 beds | long lease until 2027 | large 650m² block | quiet Port Pirie locale This property presents a compelling, low-maintenance investment proposition anchored by a secure, multi-year tenancy. Its double brick construction and substantial land parcel in a quiet area offer durability and scarcity for the price point, ideally serving an investor seeking immediate yield with minimal turnover. The combination of a large shed, multiple car spaces, and separate living zones provides functional utility that outstrips typical units in this segment. Proceed with the understanding that conflicting details on internal area and car spaces signal potential discrepancies in the listing, requiring physical verification. The fixed rental income until 2027 locks in cash flow but also limits income adjustments in a rising market. Acquire this as a held investment, leveraging the existing tenancy for stability while planning for post-lease value-add improvements. A Propcred report would precisely benchmark this against recent local sales, clarify zoning and locality risks, and provide a definitive insurance valuation for this specific brick construction.