9 Nora Road, Virginia SA 5120

3 bed with study | 59% building coverage | flood & bushfire overlays | 4 car capacity | 2022 resale This house presents a strong functional proposition, distinguished by its substantial 189m² building footprint on a 320m² block, yielding significant internal space and a four-car parking solution rare in this segment. The high building coverage and inclusions like a study and multiple living zones position it for a family or professional requiring extensive utility over outdoor space, further supported by its location within the Virginia Primary School catchment. The current listing follows a rapid resale from 2022, indicating sustained demand for well-configured homes in Playford. Your decision hinges on navigating the disclosed flood and bushfire overlays, which will necessitate specific insurance costs and may impact future development. The property’s 2022 purchase price of $224,000 against its current estimated value suggests substantial equity growth, but this also reflects a market peak. Acquire this for long-term holding as a primary residence to leverage its functional layout; its investment yield is tempered by overlay risks and a rental estimate that lags behind its capital value. Recent sales on Nora Road provide direct context: – 8 Nora Road sold for $802,500 (4 bed, 2 bath, 2 car on 146m² land). – 4 Nora Road is under contract (4 bed, 2 bath, 4 car on 480m² land). The sale of the smaller 8 Nora Road at a comparable price underscores the value premium for liveable area and configuration over land size alone, supporting the valuation of this larger-format 3-bedroom home.