4 Sherley Drive, Para Hills SA 5096

1964 build | 889m² quiet elevated block | 3 bed, 1 bath family home | 41% coverage leaves garden space This property presents a strong proposition for an owner-occupier seeking a large, established block in a quiet pocket. The 889 square metre allotment with only 41% building coverage is a competitive rarity, offering significant outdoor space and future flexibility in a market where land is the primary driver of value. The house itself is a straightforward three-bedroom, one-bathroom format, well-suited to a family who prioritises yard space over internal luxury, with practical inclusions like air conditioning and a dishwasher enhancing livability. Your decision hinges on accepting a functionally dated floorplan with a single bathroom, a material compromise against the land holding. The calculated gross rental yield of approximately 3.8% is modest, framing this as a long-term capital growth play rather than a high-income investment. Proceed with a renovation budget in mind to modernise the dwelling, securing a family home on a generous block where the underlying land provides a firm value foundation.