5 Walter Lane, West Lakes SA 5021

Modern waterfront townhouse | high land-to-building ratio | tight supply in West Lakes | strong rental yield potential This property occupies an unusually efficient footprint for a 2022 build, with 85% site coverage on a 96sqm lot delivering genuine low-maintenance living in a tightly held waterfront precinct. The configuration suits a downsizer or investor seeking immediate rental income at $710 weekly without compromising on modern finishes or fibre connectivity. Being in the Charles Sturt council area with no overlay restrictions reduces holding complexity, and the proximity to West Lakes Shore School adds demographic stability. The primary risk is the lot size itself-82sqm internal on 96sqm total leaves minimal room for extension or parking expansion beyond the single garage. The bedroom discrepancy between sources introduces a valuation uncertainty that may resurface at resale, and the 2024 sale at $745,000 suggests the market has already priced in recent gains. For a buyer, the commercial logic lies in holding for rental yield while West Lakes redevelopment continues. Use this as a lock-and-lease hold with a five-year horizon.