4A Phillis Terrace, Peterhead SA 5016

3-bedroom house | 73% site coverage | 265sqm lot Peterhead | 5G coverage | near Largs Bay School The property’s high site coverage of 73% on a 265sqm lot is unusually efficient for Peterhead, delivering a 194sqm building footprint that rivals larger blocks in usable space. The master suite with walk-through robe and ensuite, combined with floorboards and ducted air conditioning, positions this as a low-maintenance option that competes well against newer townhouses in the area. For a first home buyer or downsizer wanting single-level living without strata fees, the fully fenced yard and garage-plus-carport configuration offer practical advantages that similar-priced units cannot match. The flood overlay is the primary risk, potentially affecting insurance premiums and resale buyer pools despite no heritage or bushfire constraints. With an estimated rental yield near 4.6% based on $690 weekly rent against a $780,000 midpoint valuation, the property works better as a long-term hold than a short-term flip given the 2022 purchase history. The 5G coverage and school catchment to Largs Bay and Le Fevre High add tangible demand drivers. Buyers should commission a flood report and confirm insurance costs before proceeding, then hold for at least five years to capture Peterhead’s steady coastal infill appreciation.