8/41A Addison Road, Black Forest SA 5035

2-bed townhouse, 92sqm internal, 37sqm land, Black Forest | Edge of suburb | Compact but efficient floorplan | Strong rental yield potential This property offers a rare configuration in Black Forest-a 92sqm internal townhouse on a minimal land footprint, which keeps entry price lower than standalone houses while delivering functional two-bedroom living. The 1967 build is solid and the complex has low turnover, with 72% long-term residents, signalling a stable, owner-occupied feel. For a buyer seeking a low-maintenance foothold in an established suburb with good school catchments and Unley Council amenities, this unit competes well against newer apartments that lack outdoor space or carport parking. It suits first-home buyers, downsizers, or investors targeting a sub-$650k entry point with a $505pw rental return. The main risk is the 37sqm land-zero scope for extension or capital growth through land appreciation, making resale value tied entirely to internal condition and market sentiment for compact townhouses. The 13 May sale of unit 7 at $555,555 sets a recent benchmark, though this unit’s superior internal layout may justify a premium. The buyer should secure a building inspection for 1967 construction and confirm strata fees, as these can erode yield. Hold for steady rental income or as a cost-effective owner-occupier base; do not expect land-value uplift.