78 William Street, Norwood SA 5067

4-bed townhouse with guest house | Norwood SA 5067 | 324m² lot, 2-car garage | flood overlay noted, no bushfire/heritage | 2012 build, flexible layout This property’s competitive edge lies in the two-room guest house with ensuite, a rare configuration in Norwood that allows for extended family, live-in staff, or separate rental income without compromising the main residence. The 2012 build means modern construction standards and lower immediate maintenance risk, while the 411m² total site on a 324m² lot offers usable outdoor space in a tightly held suburb. It serves best a buyer seeking multigenerational living or a dual-occupancy opportunity in a premium council area with strong owner-occupier demand (75%) and a median price of $1.884m. The flood overlay is a specific risk that may affect insurance costs and future resale appeal to cautious buyers, though it does not carry bushfire or heritage constraints. The absence of recent sales history and no current listing price means valuation relies on estimated value of $2.504m, which should be tested against comparable sales in William Street. Opportunity lies in the guest house’s income potential at $1,220pw rental estimate, offsetting holding costs. Hold as a long-term family compound or reposition for dual-income yield in a market with 50% auction clearance and steady turnover.