7/182 Diagonal Road Warradale SA 5046

1970s strata unit | 2 bed, 1 bath, carport | flood overlay present | estimated rental $495pw This 1972 unit presents a competitively priced entry into the Warradale market, offering a low-maintenance configuration with modern updates like air conditioning and floorboards. Its strongest position is for an investor seeking a stable yield, given the clear rental estimate, or a budget-conscious owner-occupier needing a functional two-bedroom layout. The unit’s small strata lot size and shared building complex inherently limit capital growth compared to detached housing in the suburb, but it serves a specific demand for affordable housing in the City of Marion. The primary investment cost is the flood overlay, which necessitates specific insurance inquiries and represents a long-term risk factor. The 195sqm strata title also means body corporate fees and regulations directly impact holding costs. Proceed only if the calculated yield meets your portfolio requirements, as the property’s value is tightly linked to its income potential. For a precise assessment of this unit’s market valuation, body corporate health, and detailed flood implications, a comprehensive property report is essential. The sole comparable data point is the property’s own 2017 sale at $275,000. This historical price underscores the significant market appreciation over seven years, framing the current price within a longer-term growth trend. No recent comparable sales of similar units in the building are provided, which limits immediate value benchmarking.