58 Childers Street, North Adelaide SA 5006

Heritage semi-detached | dual living areas | tenanted to 2026 | prime North Adelaide locale This property presents a competitively strong, low-supply offering as a renovated 1890s cottage on a historic street, merging character with modern function. Its dual living areas and updated kitchen between them create flexible accommodation, ideal for a buyer seeking a long-term investment with secure tenancy or a future owner-occupant valuing separation of space. The heritage overlay permanently protects the streetscape character, underpinning its scarcity. The primary decision weighs secure income against constrained utility and yield. The fixed tenancy until 2026 removes vacancy risk but defers personal use or further renovation, while the 2.4% gross yield is modest. Capital growth is the clear opportunity, supported by a decade of significant appreciation in a prime, established locale. Acquire as a hold-for-growth investment within a diversified portfolio, transitioning to a premium residence post-tenancy.