427 Military Road, Grange SA 5022

Luxury beachside residence | 8-9 secure parking | 446m² building over three levels | panoramic CBD and Hills views This property presents a highly configured offering in a premier beachside location, distinguished by its substantial built form and exceptional parking capacity, which are rare for the suburb. The combination of three levels, multiple living areas, and amenities like a gym and study creates a functional layout suited for a large family or those requiring space for work and leisure. Its position steps from Grange Beach and proximity to Henley Square cafés anchors its value in lifestyle appeal, serving a buyer seeking a permanent residence with resort-style convenience rather than a standard investment. The scale of the house, covering 77% of the land, indicates a premium on internal living space over yard area, a trade-off that aligns with the target market’s preference for luxury and volume. The decision hinges on the price premium commanded for these superior attributes against the suburb’s typical stock. Risks include the high land coverage limiting external expansion and the potential for higher maintenance costs associated with a large, multi-level building. The opportunity lies in securing a property with features that resist depreciation due to scarcity, particularly the secure parking for multiple vehicles. Given the rental yield is below 3%, the commercial logic favors owner-occupation over a pure investment hold. Proceed with an offer that reflects its standout configuration but does not extrapolate undue future growth from its already premium positioning. Nearby sales context includes 431 Military Road, next door, which transacted off-market at an estimated $1,613,000 on a larger 632m² block. Other current listings for four-bedroom homes in Grange are seeking offers, with building sizes notably smaller, ranging from 348m² to 381m². This comparative data underscores that the subject property’s asking range must be justified by its significantly larger building footprint, extra bathrooms, and extensive parking, which are not matched by these alternatives.