5 Cassie Street, Collinswood SA 5081

Built 1900 | 394m² land | No overlays | Auction 2 May The property is a 147m² house on a compact block, its age introducing structural risk that will cost a buyer in maintenance and retrofitting, particularly to meet modern energy standards. The lack of flood, bushfire, or heritage overlays reduces regulatory friction, but the 37% building coverage limits future expansion. This property is best held as a long-term family home rather than a development play. Its strength is location within Walkerville and Adelaide High School zones, rare for a property priced under $1.6m in this pocket of Collinswood. The 2 living areas and 2 garage spaces make it competitive for a young family seeking immediate move-in condition without renovation. This property serves buyers prioritising school catchment and street appeal over square footage The valuation range of $1.51m to $1.8m, combined with a potential $910 weekly rent, suggests the asking price sits near the lower end of fair value—a sensible entry for an owner-occupier. To secure it, pre-approval is advised given the auction format and 10 days of market exposure.