1930s house | 212m² coastal fringe lot | flood overlay | 2 bed, 2 car | low-maintenance appeal
This property presents a competitively strong offering for downsizers or professionals seeking a low-maintenance, connected lifestyle. Its sub-250m² lot size is a functional entry point into the coastal Albert Park locale, providing immediate proximity to Semaphore Beach, the city, and key infrastructure without the upkeep of a larger garden. The modernised interior and dual car accommodation align directly with the core demands of its likely buyer profile, creating a turnkey solution in a typically tightly held suburb.
The primary decision mechanism is the flood overlay, which imposes a tangible risk requiring specific insurance assessment and may constrain future extension potential under council planning. The conflicting data on build year and size necessitates a building inspection to verify quality. For an investor, the yield is marginal but supported by strong rental demand for such configurations. Proceed with a disciplined focus on the flood due diligence, as this dictates the long-term hold cost and exit liquidity.