50 Custance Avenue, Whyalla Jenkins SA 5609
50 Custance Avenue, Whyalla Jenkins SA 5609
4-bed modern home | Ocean Eyre Estate | tenanted $450/wk till mid-2026 | 600mยฒ low-maintenance lot
This property presents a rare combination of modern construction and immediate rental income in a growth corridor. The 2014 build eliminates deferred maintenance typical of older stock, while the ducted reverse-cycle air conditioning and open-plan layout with alfresco access appeal to both tenants and future owner-occupiers. The 600mยฒ lot with low-maintenance gardens and double garage under main roof offers practical liveability without excessive upkeep. For an investor seeking a turnkey holding with a fixed lease through July 2026, the configuration reduces vacancy risk and management overhead.
The primary risk is the building size discrepancy between sources, which may affect valuation precision and resale comparability. The current tenancy at $450 per week sits below the estimated market midpoint of $470, representing a modest rental upside opportunity upon lease renewal. The General Neighbourhood zoning and absence of overlay constraints provide straightforward holding and future development optionality. This property suits a buyer seeking a low-touch investment in a stable suburban market, with the lease providing income certainty while the area’s 4.5% growth supports capital preservation. Hold for rental income and reassess at lease end.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 50 Custance Avenue, Whyalla Jenkins SA 5609
Market Insight:
Whyalla Jenkins is a family-oriented suburb with strong recent capital growth, driven by demand from young professionals and families. The market demonstrates robust momentum with houses transacting relatively quickly, supported by a tight rental market offering solid yields. Future growth is underpinned by sustained demand for larger lots, though the market’s smaller scale and limited available rental stock present a potential constraint on liquidity and supply.