8/26-28 Metro Parade, Mawson Lakes SA 5095

8/26-28 Metro Parade, Mawson Lakes SA 5095
2-bedroom apartment | Mawson Lakes | 2009 build | 93sqm internal | balcony and ducted cooling | owner-majority complex This property offers a rare combination of size and position in Mawson Lakes. At 93 square metres internal, it is significantly larger than the typical two-bedroom apartment in the suburb, where the median unit is 68 square metres. The 2009 build means modern construction standards and lower maintenance expectations. The complex is 85 percent owner-occupied, which typically supports better building care and quieter living conditions. Ducted cooling and heating, a balcony, and a secure garage add everyday liveability. This unit suits a buyer who wants a genuine home rather than an investment box, and who values space and comfort over a premium address. The main risk is the lack of recent comparable sales data and any strata report in available information. Without knowing sinking fund balances or special levy history, a buyer must make the offer conditional on a full strata inspection. The lot size of 13 square metres is effectively the footprint of the building, not usable land, so there is no land-value upside here. The rental range of $510 to $595 per week suggests a gross yield of roughly 4.5 to 5 percent, which is acceptable but not exceptional for Mawson Lakes. The suburb median apartment price of $507,500 means this listing sits above the local average, so price negotiation room should be tested. Hold this property as a long-term owner-occupied home where the size and quality of the internal space will retain appeal.

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

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Market Insight:

This suburb presents a compelling investment profile, with its housing market demonstrating robust capital appreciation and its unit segment offering notably strong growth and attractive rental yields. The market is active, with properties transacting efficiently, indicating sustained buyer interest. While specific demand drivers are not detailed, the performance suggests appeal to both owner-occupiers and investors seeking value. Future growth will hinge on broader economic factors and local infrastructure, with the primary constraint being a lack of detailed data on underlying demographic and supply dynamics.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

13mยฒ

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