42 Murray Street, Albert Park SA 5014

1950 townhouse | 103sqm land | 110sqm internal | flood overlay present The property’s competitive edge lies in its rare combination of a compact 103sqm landholding with a larger-than-expected 110sqm internal footprint, giving a townhouse that feels more like a small house inside. Two bedrooms with two bathrooms and a dedicated ensuite make it practical for a professional couple or downsizer seeking lock-and-leave living without sacrificing amenity. Ducted heating, evaporative cooling, and floorboards add genuine liveability, while the secure garage parking and outdoor entertainment area strengthen its appeal in a market where off-street parking is often compromised in similar Albert Park offerings. It sits inside the Woodville Primary and Seaton High catchments, which supports family buyer demand despite the unit’s smaller land size. The flood overlay is the single material risk, and it will constrain finance options for some buyers and may raise insurance costs, effectively narrowing the buyer pool. That same overlay, however, has likely kept the asking price below comparable non-flood properties, creating a potential entry discount for a cash buyer or one willing to carry higher insurance. The property is best held as a low-maintenance owner-occupier home or a stable rental yielding around $650 per week. Buy with eyes open on the flood overlay, then treat it as a liveable, well-located townhouse with limited downside in a tight Albert Park market.