45/144 Main South Road, Hackham SA 5163

Gated community | Fully renovated | High rental yield | Small 44m² strata unit This property presents a compelling, low-maintenance entry into the Hackham market, best suited for an investor seeking strong cash flow. Its full renovation within a secure, well-maintained complex eliminates immediate capital needs, while the estimated rental yield above 5.3% signals robust tenant demand for one-bedroom units. The absence of environmental overlays further reduces holding risk, making it a straightforward, yield-focused holding. The primary risk is the constrained land size and strata title, which historically limits capital growth relative to larger properties, as evidenced by its 2024 sale price. The significant valuation gap between major estimators introduces price discovery risk at purchase. Acquire only at a sharp discount to Domain’s estimate to buffer against this volatility, and hold strictly for yield, as its small format is unlikely to outperform the broader suburb’s growth.