5 Rustic Grove, Andrews Farm SA 5114

3-bedroom house on 560m² | quiet cul-de-sac backing reserve | updated family home | tenanted at $500/week until 2026 This property offers a rare combination of a quiet cul-de-sac position backing onto Commodore Reserve and a secure tenancy until September 2026 at $500 per week. For a buyer seeking immediate rental income with minimal vacancy risk, the tenancy provides cash flow certainty from day one. The 340m² building size is substantial for a three-bedroom home, and the 61% building coverage suggests the land is efficiently used without being overbuilt. The 1986 construction, while not new, is well-served by FTTP NBN and 5G coverage, which supports modern working-from-home needs. This house is best suited to an investor prioritising stable yield over short-term capital growth, or a buyer-occupier willing to wait for vacant possession. The primary risk is the below-market rental of $500 per week against an estimated potential of $490 to $530 per week, meaning the current lease may cap income for two years. Buyers should verify lease break costs and the tenant’s condition report before proceeding. The 2023 purchase price of $361,000 provides a strong historical baseline, but current estimated value of $657,000 to $658,000 suggests limited near-term upside in a fast-growing suburb. The auction format on May 16 introduces competitive pressure, so a pre-auction offer with a 14-day settlement might secure it below reserve. Hold this property for its land value and rental stream, with a view to repositioning the rent at lease renewal.