5 Virgo Parade, Sellicks Beach SA 5174

5 Virgo Parade, Sellicks Beach SA 5174
4-bed coastal house | 640mยฒ lot, 166mยฒ build | bushfire + flood overlay | 2020 bought at $443k, now listed near $917k This property offers a rare configuration for Sellicks Beach: a modern four-bedroom home on a full-size lot within walking distance to the shoreline, making it one of the more versatile coastal offerings in the area. The 2010 build with open-plan interior and timber flooring elements appeals to families seeking low-maintenance living without sacrificing space, while the 26% building coverage leaves room for future landscaping or a shed. The reliable NBN and 5G coverage support remote work, and the Aldinga Beach Primary School catchment adds to its family suitability. For a buyer, the competitive edge lies in the combination of modern finishes, four bedrooms, and a garage-rare at this price point near the coast. The bushfire and flood overlays are the primary risks, potentially increasing insurance costs and limiting some renovation options, though the elevated ground at 39m reduces flood exposure. The 2020 purchase price of $443k suggests significant capital growth, but the current asking price near $917k may test market appetite given the overlays. A buyer could negotiate on the basis of these risks or wait for a price adjustment. The property is best held as a family home or coastal rental, with the low-maintenance design supporting passive holding costs.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Sellicks Beach is a coastal suburb attracting strong demand from downsizers and childless couples, drawn by its beachfront lifestyle. This demographic is driving a robust market, evidenced by rapid price appreciation and houses selling quickly in a low-supply environment. Future growth is underpinned by sustained buyer interest, though limited stock turnover and a tight rental market present constraints on supply and affordability.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

640mยฒ

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