5/19 St Helena Place, Adelaide SA 5000

Ground-floor city-fringe | Leased until 2027 | Fully furnished & Airbnb-ready | Private courtyard | North-facing bedrooms This ground-floor unit presents a competitively strong, turnkey investment in a tightly held city-fringe location. Its fully furnished state and existing secure lease until early 2027 provide immediate income with minimal buyer effort, serving the passive investor seeking a managed entry. The private courtyard and north aspect are rare for ground-floor stock, while recent renovations position it above typical 1995-built apartments, enhancing both tenant appeal and capital value retention. The primary risk is the locked-in below-market lease, costing an estimated $105 weekly in forgone income against potential market rates, which constrains cash flow until March 2027. The furnished configuration, while offering short-term rental opportunity, may limit future tenant pools. Acquire this property as a set-and-forget income stream; its lease structure dictates a hold strategy until vacancy allows a rent review or a pivot to higher-yielding short-term rental use. A nearby comparable unit at 23/19 St Helena Place is listed between $590,000 and $649,000. This suggests the subject property’s estimated value of $567,000 sits at a discount to immediate competition, indicating a relative value position within its micro-market.