11 Raffles Cres, Plympton SA 5038

11 Raffles Cres, Plympton SA 5038
3 bed, 2 bath, 2-car garage | 296mยฒ lot, 249mยฒ building | built 1963, full lot coverage | Plympton International College catchment The property offers a rare combination of substantial internal space on a compact lot, with the 249mยฒ building area representing near-maximum site utilisation. This configuration suits buyers seeking generous living areas and a double garage without paying for unusable land. The school catchment and absence of hazard overlays strengthen its appeal to families, while the 1963 build on full lot coverage suggests future redevelopment potential is limited, making it a solid hold for owner-occupiers rather than developers. The primary risk is the high land-to-building ratio, which constrains any extension or redevelopment without demolition. The 296mยฒ lot is small by suburban standards, so price growth will depend on location demand rather than land banking. Rental yield at $820 per week is reasonable for the suburb but not exceptional. The property suits a buyer who values immediate space and location over future subdivision. Hold for steady capital growth within the school catchment.

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

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Market Insight:

Plympton is a high-demand, established suburb with a median house price of $1.17 million, anchored by strong road access. Demand is driven by high sales volumes, with 98 houses sold in the preceding year, and exceptional annual growth rates of up to 23.2% for houses. The market is tight with houses selling in a median of 27 days and limited current listings. Future growth is supported by this strong momentum, though key risks include high entry prices and low rental yields of 2.9% for houses.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

296mยฒ

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