42 Mclean Street, Berri SA 5343

2003 build in quiet cul-de-sac | 48% building coverage on 577m² | leased quickly at $450pw | 5%+ rental yield This property presents a competitively strong offering for an executive couple or family, defined by its quiet cul-de-sac position and above-average building footprint on a usable block. The 2003 construction is newer than much local stock, and the internal layout with direct bedroom-bathroom access and open-plan living aligns with modern expectations. It serves a buyer seeking a low-maintenance, tightly held location with proven rental appeal, as evidenced by its quick lease in early 2024. The primary decision rests on reconciling the premium for its positioning against the inherent limitations of a regional market. The lack of recent, direct comparable sales on McLean Street introduces pricing ambiguity, though estimated valuations cluster around the listing. The opportunity lies in securing a well-located, turnkey house with a solid yield; the cost is accepting Berri’s market liquidity. Proceed as a long-term hold for rental income or owner-occupation, not for short-term capital gain. Recent comparable sales data is limited for McLean Street itself. The property last sold for $340,000 in 2022, indicating significant appreciation. Broader Berri sales for similar 3-bedroom houses support a current median range of $400,000 to $500,000. This context suggests the asking price is positioned at the upper end of the local market, demanding a premium justified by the property’s newer build, superior layout, and cul-de-sac setting.