4 Railway Terrace, Hove SA 5048

Newly built Hove townhouse | 82% site coverage | 5G full coverage | auction 16 May | no overlay risk This property offers a rare combination of modern construction and maximum land utilisation, with 82% site coverage delivering 221m² of building on a 270m² lot-an efficient footprint that suits a buyer prioritising immediate move-in quality over yard space. The 2023 build by Pellegrino Construction removes renovation risk and waiting periods, while the Holdfast Bay location, full 5G coverage, and absence of bushfire, flood, or heritage overlays reduce due diligence friction. It is best suited to a professional couple or small family seeking a low-maintenance, high-functioning house in a stable owner-occupied street where 80% of neighbours own their home. The primary risk is the high site coverage, which limits outdoor amenity and future extension potential-a cost that may surface at resale for buyers who value private open space. Rental yield of $670pw against a $1.24M estimate sits at 2.8%, below typical investor thresholds, so this is better held as a primary residence than a rental. The adjacent 4A Railway Terrace townhouse on a smaller 159m² lot reinforces that this property holds a configuration edge within its immediate street. Hold it as a long-term home in a catchment with Brighton Primary and Secondary schools within 1.1km.