76 Sturt Street, Adelaide SA 5000

Boutique complex | High-yield location | Central Market proximity | Adelaide High zone This property presents as a multi-unit residential complex in a tightly held city-fringe position, a configuration that structurally supports higher rental yields than a standard house. Its prime utility lies in securing a consolidated, income-producing holding within walking distance of Adelaide’s core amenities and the sought-after Adelaide High School zone, serving an investor seeking portfolio density over a single dwelling. The significant land component and lack of development overlays provide a latent option value, positioning it for a buyer with a longer-term view on urban consolidation. The primary decision hinges on verifying the legal title and physical configuration due to the severe data discrepancy, a due diligence failure that could materially alter valuation and financing. The compressed sales history indicates strong recent capital growth, but the rental yield is predicated on the multi-unit structure; if the property is a single dwelling, the yield collapses. Proceed only upon a confirmed strata plan and building inspection, targeting a hold strategy that banks the current income while the central location appreciates. The commercial logic is sound only if the physical facts match the complex thesis. Sales History: – 2023: $2,550,000 – 2022: $2,600,000 – 1991: $510,000 – 1989: $310,000 The recent sales demonstrate robust market demand and capital growth in a short period, though the slight dip in 2023 warrants scrutiny on sale conditions. This trajectory supports the valuation range and underscores the property’s established position in a rising market.