41 Mary Street, Peterhead SA 5016

4 bed, 2 bath, 1955 brick | renovated with detached games room | 492m², 240m² build | Largs Bay school zone, no overlays The renovation has transformed a standard 1955 brick home into a rare configuration: four bedrooms plus a detached teenage or games area with its own shower and toilet. For a buyer needing multi-generational or dual-living capacity on a single title, that layout is almost impossible to find in this price band. The 492m² lot with 49% building coverage leaves genuine outdoor space, and the school catchment for Largs Bay and Le Fevre High anchors family demand. Solar panels and FTTP are supporting rather than leading features, but they reduce holding costs and improve appeal to remote workers. The current listing captures the post-renovation value; the prior 3-bedroom version and smaller internal area of 111m² suggest the expansion was substantial, so a buyer should verify council approvals for the added floor space. The main risk is the building size discrepancy between 240m² total and 111m² internal – this likely means the games room and garage are included in the larger figure, but a buyer should measure and check the floor plan before relying on the higher number for valuation. The ground elevation at 2m is low, so drainage and slab condition after the renovation matter, especially given the 1955 original structure. No flood or bushfire overlay is a positive, but the age of the core brickwork means a building and pest inspection should focus on the original foundations and roof. The opportunity is to hold and rent at $625–$750 per week, which at the estimated $955,000 value gives a gross yield near 4% – workable for a long-term hold in a tight Adelaide market. Use this property as a dual-living family home or a high-yield rental with a renovation premium already captured.